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Can You Really Pay Less in Taxes on Your Social Security Benefits?- Episode 161

For most people, taxes are just a fact of life.   Even your Social Security benefits – for which you had to pay taxes to be eligible to receive – are subject to taxation under certain circumstances. And this tax bite can hit you unexpectedly and put a sizable dent in your benefit income.

Is there anything you can do about this?  First, you need to recognize when and how your Social Security benefits may become taxable to you.  This is where planning plays a key role, especially before you begin to take your Required Minimum Distributions at age 73.

On this week’s episode of Managing Your Financial Future, host Johnny Dean and Rick “The Professor” Plum, CFP® talk about the many aspects of Social Security taxation, and what you may be able to do to potentially minimize what you owe.  Tune in to find out more!

Important Information:

Each taxpayer should seek independent advice from a tax professional based on his or her individual circumstances.

The information provided is based on current laws, which are subject to change at any time. Lucia Capital Group is not affiliated with or endorsed by the Social Security Administration or any government agency.

Social Security rules can be complex. For more information about Social Security benefits, visit the SSA website at www.ssa.gov, or call (800) 772-1213 to speak with an SSA representative.

Rick Plum is a registered representative with, and securities and advisory services offered through LPL Financial, a registered investment advisor and member FINRA/SIPC. The investment professionals are affiliated with LPL Financial and are conducting business using the name Lucia Capital Group, a separate entity from LPL Financial.

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