Myths and Misinformation about Social Security

Published on: Aug 22, 2020

You’ve been contributing to social security since your first paycheck as a teenager. So, you’ve essentially been loaning your money to the government for decades. And when you finally want to get this money back, the government is going to try to tax you on it. And this is just one of many trap doors with filing for social security. That could cost you an arm and a leg. You could get taxed on as much as 85% of your social security benefits. In this episode, we’ll discuss the ultimate guide to filing for Social Security that could boost your benefits by hundreds of thousands of dollars, including:

  • How you could reduce, or avoid paying $187,945 in taxes of your benefits.
  • Why your social security benefits could trigger higher Medicare premiums, and taxes on IRA and 401k withdraw.
  • How the new changes for social security in 2-21 could impact you.

Host Ben Christy interviews Beacon Capital Management’s Senior Partner and Co-Owner, Pete Benson, and CEO and Co-Owner Jon Maxson, for this episode of the Beacon Retirement Strategies Radio Show: Myths and Misinformation about Social Security.

Claiming your Social Security benefits can be tricky and complicated, and you deserve to know your options BEFORE you have to make Social Security decisions. We highly recommend you take advantage of our FREE, Social Security Analysis. SCHEDULE A CALL TODAY!

Also, download our FREE ULTIMATE RETIREMENT PLANNING CHECKLIST to see which areas you need to cover to have a comprehensive retirement plan.

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