Social Security income tax advantages

Because Social Security carries a substantial tax advantage over other forms of income, delaying benefits in order to build a larger Social Security benefit may have a greater positive tax impact than most people realize.

Through our training tab you can find a calculator built by us to help you illustrate just how much Social Security income would be taxable for a given client. While we do not calculate the income taxes, it can aid you in the conversation about retirement income planning


Posted in Calculator, Tax

When break-even breaks down

We’ve all seen break-even calculators that show the exact age at which you can expect your decision to delay Social Security to pay off.

It shows one line if you elect benefits early and one line if you elect benefits later and at some point those lines cross. That’s the break-even point. If your estimated life expectancy is beyond that break-even point, conventional wisdom says you should delay benefits.


Posted in Claiming Strategies, Social Security Timing