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Taxation of Social Security Benefits–An Issue for the New Administration?
It’s too early to really tell what actions the new players in Washington will take with respect to Social Security, but seniors–and future retirees–are casting a keen eye toward the issue of how much of their benefit will be taxable. In an article by the Motley Fool’s Sean Williams, the impact of no adjustments to the taxation parameters in 33 years is assessed (what originally impacted only one in five retirees now affects over half), along with some thoughts on potential tax relief. Read his article here…