Ep 91: Will My Social Security Benefits Be Taxed?

Retirement Planning
Written By Nicolas Davis
 
 

One question we hear often is “Will my SS be taxed?” When you retire and begin taking your SS benefits, will the government want to tax that?  After all, haven’t you already paid taxes on this money?

Add to that—there’s been some talk about NOT taxing SS benefits at all!  How might that impact your retirement? And is it as good as it sounds?

If you have questions, you can always reach out at hello@brindleandbay.com.

For more information visit us at www.brindleandbay.com

Have a question? Text us! (214) 988-9178

Check out our YouTube channel here!

In this episode:

[3:44] Breakdown of tax brackets for Social Security

[6:05] Phantom tax

[9:48] Roth and Social Security

[11:43] Will Social Security be tax free?

[12:57] How should retirees plan for potential changes?

 
Nicolas Davis
Previous

Ep 92: How Do I Handle Drawdowns in Retirement?

Next

Ep 90: Should I Gift Money Now or Wait Until Later?