Latest News

Beware of the lurking “tax torpedo”

This CNBC article by Ilana Polyak reveals how those already on Social Security may be in for a financial surprise she calls the “tax torpedo” when they reach age 71 and need to start taking required minimum distributions (RMDs) from their tax deferred investments.  The article explains if and how Social Security benefits are taxed, and offers some suggestions on how, with advanced planning, you can avoid some of the pain of higher income taxes on your retirement income.  Click here to read more.

Notice: The link provided above connects readers to the full content of the posted article. The URL (internet address) for this link is valid on the posted date; socialsecurityreport.org cannot guarantee the duration of the link’s validity. Also, the opinions expressed in these postings are the viewpoints of the original source and are not explicitly endorsed by AMAC, Inc.; the AMAC Foundation, Inc.; or socialsecurityreport.org.

What's Your Opinion?

We welcome your comments. Join the discussion and let your voice be heard. All fields are required

Website by Geiger Computers