NEW
      TAX ON SOCIAL SECURITY BENEFITS?

      
 

      
Q: I am now retired. How
      do I minimize or avoid tax on my Social Security Benefits?

      


      A: Move your safe and guaranteed investments and savings to proper
      regulated investments where the IRS says - in advance - that
      the law shall not count the current income from the new investment
      for purposes of taxing your Social Security benefits.

      


      Background Info:

      


      Social Security benefits below the base amount are not taxed.
      Half the benefits between the base and additional amounts are
      taxed. And 85% of the benefits above the additional amount are
      taxed.

      


      The following base amounts are used in figuring your taxable
      Social Security:

      

        

          
 FILING STATUS
 
          

            
BASE
          

            
ADDITIONAL
        
        

          
Single
 
          

            
$25,000
          

            
$34,000
        
        

          
Head of Household
 
          

            
$25,000
          

            
$34,000
        
        

          
Married Filing Jointly
 
          

            
$32,000
          

            
$44,000
        
        

          
Married Filing Separately
 
          

            
$0*
          

        
        

          
Qualifying Widow(er)
 
          

            
$25,000
          

            
$34,000
        
      


      


      * Married couples who file separate tax returns have two different
      methods for computing the taxable portion of their Social Security
      benefits.

      


      For married couples who lived in the same household at any time
      during the year, their base amount is zero. Up to 85% of their
      benefits will be subject to tax.

      


      For married couple who lived apart from each other for the entire
      year, they can use a base amount of $25,000 and the additional
      income amount of $34,000 for computing the taxable portion of
      their benefits.

      


      Solution:

      


      We have the proper regulated and approved guaranteed products
      necessary to accomplish this goal. Call to set up an appointment
      to learn more.