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Something to Consider in Strategizing on Taxation of Social Security Benefits
Conventional financial planning wisdom presents a number of viewpoints on the use of municipal bonds as a pathway to lowering the tax burden on your retirement income limit. While that may generally be a decent strategy to consider, there are some points you should consider when deciding the weight that you eventually assign to carrying this type of asset in your portfolio. Too much carried in this category could inadvertently cause your Social Security benefit to fall into the federal income tax trap. Check out these remarks by The Motley Fool’s Maurie Backman carried in a post on the starherald.com website.