Social Security has steadily become more complicated since its inception. Too many soon-to-be retirees have no idea what’s in store for them, when it comes to collecting on Social Security. And, how if things weren’t set up correctly, come tax time, they may end up owing a lot more than they’d planned for.
This week on the David Lukas Show, David speaks candidly on what you need to know about the changes that have been made to Social Security for 2017 and the taxation that those distributions may or may be subject to in the future.
Throughout the hour, David discusses:
- How important it is to coordinate all of your current/future assets within your retirement.
- The practice of spending retirement assets down to avoid extra taxation.
- How SS is taxed differently—people may have to pay federal income taxes if they have other substantial income (such as wages, self-employment, interest, dividends and other taxable income that must be reported to the IRS) along with his/her benefits.
- How single/married SS income is taxed differently.
To hear the insight David has to share on Social Security, listen to the entire show today! Do you have Social Security or retirement questions? If so, call or email David Lukas Financial, and possibly get your question(s) answered on the air!
Social Security Questions? Get a copy of SS Benefits Guidelines Handbook here at DavidLukasFinancial.com Also, get a Social Security Analysis provided by DL Financial, (FREE with coupon code: ss60) when you visit.
Looking for help? Contact David Lukas Financial Today! Call: 501-218-8880
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