Social Security Decoded

For many, Social Security is the foundation of an anticipated retirement income stream. But did you know depending on your total annual income in retirement, a portion of Social Security benefits – or those of your spouse, if filing jointly—may be subject to income tax. To help determine if your benefits will be taxable, Social Security establishes base amounts.

Action Steps

  • Visit ssa.gov and use the calculators to see your expected monthly benefit, calculate your life expectancy, and more.
  • Talk with your financial advisor or accountant about the tax implications of your benefits.