NEWS AND TIPS
TAXES ON SOCIAL SECURITY
Provisional Income may not mean much to you unless you are currently receiving Social Security benefits. However, one of the most engaging topics that we cover in our Social Security education class is the impact of taxes on benefits. Many adult learners who attend don't know that their Social Security benefits will likely be subject to tax. Of those few who do, many are unaware how it is determined, how much they are likely to pay, and what if anything can be done about it.
Strategies that will minimize the impact of taxes, fees, and marketable investment losses, often result in more money for them to spend so they can enjoy and maintain their lifestyles throughout retirement.
FREQUENTLY ASKED QUESTIONS
Deciding when and how to claim your benefits may impact your household income for years to come. Click "Learn More" to review some of the most frequently asked questions we hear.
WHEN SHOULD I ELECT SOCIAL SECURITY BENEFITS?
Social Security is often the largest and most mismanaged asset in your retirement income plan. You wouldn’t take a decision about a $600,000 asset lightly would you?
RETIREMENT, SPOUSAL, & SURVIVOR BENEFITS
These are the three major categories of benefits, but what are they and how do they fit together? A great Social Security claiming strategy takes advantage of all 3. It's important to consider how best to coordinate them for your specific circumstances before making an election.