As part of our comprehensive approach, we offer you a complimentary Social Security Maximization analysis!
We are members of the National Association of Registered Social Security Analysts®, and we have undergone extensive training in this field so that we can help you to optimize this most important retirement income source.
Up to 85% of your Social Security benefits can be Federally taxable, depending on how much other income you have.
It is our goal to help you to understand how this will affect you, and to discover solutions that are available to help you to potentially minimize this tax and maximize your Social Security income.
Social Security will provide you with income that you can't outlive- and in addition, you will also receive cost-of-living increases to it. As such, we believe that people who are in Retirement or nearing Retirement should understand all the options that are available to them when it comes to receiving this important benefit.
Social Security benefits generally replace about 40% of an average wage earner's income after retiring*, and there are Social Security claiming strategies that can increase your Social Security benefits over time. In addition, there can also be potential strategies to minimize taxes on your Social Security benefits, depending on your other income sources.
As a professional Income Tax preparation firm, we will help you to understand this important benefit, and the strategies that may be available to you to increase your Social Security and minimize your taxes in an ethical manner.
*Source: "Understanding the Benefits," Social Security Administration, 2013.