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Money Shouldn't Hurt!

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My overriding principle is that, “Money Shouldn’t Hurt”, and if I can help just one person have a better experience with investing, then that makes it all worthwhile. -Tom Wright
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Taxation of Your Social Security Benefits

There is much discussion in the financial advice industry about when a worker should apply for those benefits and how the amount received will be affected by the worker’s age when the benefits start. Suffice it to say that the earliest one can take their benefit is at age 62 and the benefit generally will increase every year one waits until their age 70 when the largest benefit would be available. What does not seem to receive as much attention, however, is the question of whether and how much of the Social Security benefit will be subject to income tax.

Retirement Funding Insights Taxes Financial Planning