Hellow guys, Welcome to my website, and you are watching Will YOU be Subject to the Social Security Tax Torpedo?. and this vIdeo is uploaded by Safeguard Wealth Management at 2021-10-08T11:30:14-07:00. We are pramote this video only for entertainment and educational perpose only. So, I hop you like our website.
| Name | Will YOU be Subject to the Social Security Tax Torpedo? |
| Video Uploader | Video From Safeguard Wealth Management |
| Upload Date | This Video Uploaded At 08-10-2021 18:30:14 |
| Video Discription | Do you have a tax-efficient retirement income strategy that avoids the Social Security Tax Torpedo? You can schedule an appointment with one of our Retirement Experts to look at your situation and help you plan for your future. Call us at (920) 544-0576 or go to https://www.safeguardinvest.com/contact. If you don't know exactly how Social Security is taxed, we highly recommend watching last week's video as it will make certain parts of this video clearer - https://youtu.be/OKuXeqeZKSs Will you be subject to the Social Security Tax Torpedo in retirement? This is a question many retirees don't readily know the answer to. And yet, the Social Security Tax Torpedo is one of the most common (and destructive) tax hurdles a retiree will face. Almost every retiree will be subject to this tax trap at some point in retirement. Yet, many advisors and retirees don't readily plan for this tax trap. This is a mistake. Social Security's Tax Torpedo will raise your marginal rate by 50%-85%. Many think as they start pulling income from their taxable sources, they will first be taxed at 10%, then 12%, then 22% and so on. Intuitively this makes sense. These are the normal federal income bracket rates. However, many retirees will never see the 10% and 12% brackets because the Tax Torpedo. What's worse, the Tax Torpedo becomes much more destructive in 2026 and beyond. Why? We explain why in this video. In this video we lay out exactly how the Social Security Tax Torpedo is created and it's implications for your retirement. We discuss: ✅ What is the Social Security Tax Torpedo and how it raises your marginal tax rate substantially in retirement? ✅ How to avoid the Social Security Tax Torpedo becoming subject to Social Security double taxation ✅ How to read a tax torpedo marginal graph and make the right withdrawal decisions based on your marginal tax rate #retirementincomeplanning #socialsecuritytaxtorpedo #avoidingtaxesonsocialsecurity - - - - - - - - - - - - - - - Always remember, "You Don't Need More Money; You Need a Better Plan" 🍿 Subscribe to our channel: https://www.youtube.com/channel/UCVMA... 🏆 Join our 'Retirement Mastery' Facebook Group: https://bit.ly/retirement-mastery-group 📈 Talk with us about your retirement plan here: https://www.safeguardinvest.com/contact 📚 The New 60/40: How the Next Generation of Retirees Can Achieve Radical Financial Freedom through Better Safe Investing - https://www.amazon.com/New-60-Generation-Financial-Investing/dp/B08H6TCMFN Safeguard Wealth Management is a Registered Investment Advisor in the State of WI. Safeguard Wealth Management is not an insurance provider. All content on Youtube is for informational purposes only and should not be taken as personal advice for your situation. You can read more disclosures at https://www.safeguardinvest.com/fiduciary |
| Category | Education |
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