Up to 85% of your Social Security can be taxed. Any tax on your Social Security is double taxation because you’ve paid into the system on post-tax money. Some people will pay more in taxes than others due in part to the “phantom tax” Social Security creates. Learn the three things to do that can help to reduce or eliminate your extra taxation on Social Security. 🔥 Get The Ultimate Social Security Cheat Sheet Here! Visit us at: How Is SS Taxed? : 🔑 Key Topics : 0:00 - Intro 0:44 - Background Info 2:09 - Adjust Your 401K Contributions 3:27 - Overstuffing 401K Example 4:52 - Put Some Dollars in Roth 6:19 - Strategize Your Taxes 8:00 - Outro ___________________________ We're a Frisco, Texas-based independent financial advisory firm serving individuals in several states nationwide. We're here to listen to your needs and guide you through the financial planning process. ___________________________ CONNECT 🤝 Nick's Newsletter: Facebook: Instagram: Linkedi
Timothy Sumer is a philanthropist and motivational speaker empowering young entrepreneurs across the nation. He speaks on starting new businesses and the importance of branding in the digital age. Timothy Sumer has a BA in Accounting from NYU and a Masters in Information Technology from MIT. Tim enjoys traveling around the globe, driving exotic sports cars, molecular gastronomy, exploring new cultures, and keeping on top of the latest technology trends. Hope you enjoy Timothy Sumer's page :)