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New retirees often ask one of the following questions: Are Social Security benefits taxable? How is Social Security taxed? Is Social Security tax free? The short answer is it depends on your income. In this video we break down how Social Security is taxed. We also review a free resource which can quickly help you gauge whether your benefits will be taxable. We finish by covering a common tax pitfall, the Social Security tax torpedo zone. Link to the free resource: https://www.norrislakeretirement.com/... Source for the tables: IRS.gov Publication 915 👉 My professional focus is retirement planning for individuals age 55+. Please visit my website or reach out for a conversation. Thanks for watching! 😀 Ted Erhart, CFP® Financial Planner Anoka, Minnesota www.norrislakeretirement.com / ted-erhart-cfp%c2%ae-4969939 https://www.facebook.com/profile.php?... Norris Lake Financial Planning is a SEC registered investment advisor able to conduct advisory business in states where it is registered, exempt or excluded from registration. All contents contained herein should not be construed as an offer or solicitation for investment advice or for the offer or sale of any security, insurance or other investment product. Data contained here is obtained from believed reliable sources, however, cannot be guaranteed. Investments contain a risk of loss. Please consult a qualified legal, tax or accounting professional before implementing any investment or strategy discussed.