#54 - How Social Security Gets Taxed: What You Need to Know

Most people think Social Security is straightforward—until taxes show up.

The truth is, what you don’t know about how your benefits are taxed can cost you more than you expect.

In this episode, I explain how SociaI Security gets taxed and why it hits harder for women filing single later in life.

I break down the Social Security "Tax Torpedo", walk through real examples, and share strategies to help you keep more of your income in retirement.

Tune in to learn about:

What provisional income is and how it determines whether Social Security benefits are taxable
How even tax-free income sources like municipal bonds can increase Social Security taxation
The “Social Security tax torpedo” and how small withdrawals can trigger significantly higher taxes
Why Roth IRAs and strategic withdrawal planning can reduce the overall tax impact
The importance of early preparation, especially for women who may file as single in later retirement
And more!