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Knowing Your Tax Position, and Where to Live, are Keys to Retirement Planning
It comes as somewhat of a surprise to many people entering retirement that their Social Security benefits (at least a portion) are considered taxable income. It’s important to understand this element of our U.S. Tax Code, and an article posted on our Q&A page can help clear this up for you. Read it here…
Also, if you’re considering a relocation in retirement, it’s also important to understand if the state you’re choosing for a destination considers Social Security benefits to be taxable. Fortunately, only 13 states tax these benefits, and they’re noted in this Yahoo Finance article by Christy Bieber. Read her article here…
This posting is presented for informational purposes only and does not represent legal or financial guidance. Any opinions or interpretations presented are either those of the original author or, in the case of articles authored by the AMAC Foundation, are the opinions of AMAC Foundation staff, originally trained and accredited by the National Social Security Association (NSSA) and certified via the AMAC Foundation. Any links included in the article are valid on the posted date; socialsecurityreport.org cannot guarantee the duration of the links’ validity. NSSA and the AMAC Foundation and its staff are not affiliated with or endorsed by the Social Security Administration or any other governmental entity. To submit a question, visit our website (https://amacfoundation.org/services/) or email us at ssadvisor@amacfoundation.org. Because we are a non-profit organization, there is no charge for these services.