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Tag Archive: how to reduce taxation on social security

How to Reduce or Eliminate Taxation on Social Security Benefits

Chad Centorbi

Most people are unaware their social security benefits can be taxed. Maybe it’s because they don’t think about it; they think they’re too young or they just don’t fully understand the effect of these taxes. Fortunately through proper retirement distribution planning either some or all of these taxes can be eliminated based on a person’s situation. But first, let’s discuss social security benefits. Interestingly enough, there are currently more than 1,000 different ways for married couples to draw these benefits. This number sounds overwhelming and...

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