If you're not careful, the fact that Social Security is taxable can lead to you making decisions that become much more expensive than you may have realized.

Zacc Call, President of Capita Financial Network, dives into the details of Social Security tax, which then helps determine the value of taking more money out of investments during retirement or whether or not a Roth conversion is worth it.

Here is where to get the Spreadsheet referenced in the video:
https://theretirementnerds.com/social...

Be sure to check out Zacc's free financial podcast - The Financial Call:
https://www.thefinancialcall.com/guid...

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This video is NOT sponsored.

The Retirement Nerds is the no-cost educational platform and serves to offer information around Medicare, Social Security, Financial Planning, and Estate Planning.

⏰ TIME CODES ⏰
0:00 Intro
2:31 Background on How This Works
11:39 Spreadsheet Conversation Starts
11:54 Scenario 1 - Some Income + SS
21:18 Scenario 2 - More Income + Less SS
24:30 Scenario 3 - No Income + Lots of SS
31:45 State Tax Implications
33:23 Financial Advisor Incentive for Roth Conversions
38:48 Roth Conversion Logic
53:52 How to Get Help

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#socialsecurity #socialsecuritytax #roth #90daysfromretirement

Federal Disclaimer:
We do not offer every plan available in your area. Any information we provide is limited to those plans we do offer in your area. Please contact Medicare.gov or 1-800-MEDICARE to get information on all your options.

Disclosure:
This podcast is intended for informational purposes only, and is not a substitute for personal advice from Capita. This is not a recommendation, offer, or solicitation to buy or sell any security. Past performance is not indicative of future results. There can be no assurance that investment objectives will be achieved.