Did you know that there are approximately 567 ways to claim your Social Security benefits? And yet, ONLY ONE of them is correct?
The Social Security Administration IS NOT ALLOWED to instruct you because they are not staffed or qualified to do so. They’ll tell you to seek professional advice.
So when’s the BEST time to apply for them and begin receiving them? What if I wait? Does it really make that big of a difference? And what about my “other” sources of income? Like my ROTH and my IRA and my 401(k)? How can I pay fewer taxes?
Where can I find the answers to these and other questions that can and will affect my future retirement income and taxation?
Please read the following report
and you’ll have the answers!
How to pay fewer taxes
For calendar years 2011 & 2012, workers paying Social Security payroll taxes were granted a temporary reduction of two percentage points (2%). This temporary reduction expired on December 31, 2012. Accordingly, this publication reflects the permanent rate of 6.2% effective January 1, 2013. For calendar year 2013, Social Security recipients received a 1.7% increase in benefits.