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Social Security Made Simple | Mike Piper | 054

Catching Up to FI

CHAPTER

Navigating Social Security Taxation and Benefits

This chapter explores the complexities of Social Security taxation, detailing how taxable amounts increase with overall income and the thresholds for taxation. It discusses strategic considerations for tax planning, including Roth conversions and withholding options, as well as the implications of spousal benefits and do-over options for filed Social Security applications. Additionally, it emphasizes the importance of timing regarding benefit claims while introducing a tool to help optimize decisions based on individual circumstances.

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