Income, Age, and Taxes: How They Impact Your Social Security Benefits

A complex component to the success of your retirement is Social Security. In today’s episode Dave Hall brings back on Marc Kiner and Jim Blair of Premier Social Security Consulting to discuss many factors that affect your monthly Social Security. They dive into how your age when you claim your benefits impacts how much you receive, depending on if you enroll early or if you want until after your full retirement age. What your taxes and income is like also impacts your benefits greatly. Dave, Marc, and Jim discuss in detail how your earned income before and during retirement plays a tremendous role in how your benefits may be taxed and how different income streams affect your SS taxability more than others.  For more information check out Marc Kiner and Jim Blair’s previous podcast episode with us: “Social Security is Situational: How Your Benefits Will Vary.”  For more information on Premier Social Security Consulting’s services and education program please visit Customized Social Security Consulting | PSSC (premiersocialsecurityconsulting.com).  Support the showFollow us on Instagram: @retirementriskadvisorsLike us on Facebook: Retirement Risk Advisors