This Overlooked Social Security Trap Could Shrink Your Benefits More Than You Expect
Don't let it catch you by surprise.
Overview
Social Security could end up being an important income stream for you in retirement. And you might assume that once those benefits start rolling in, they'll be yours to keep in full.
But one thing many retirees fail to realize is that Social Security benefits can be subject to federal taxes. In fact, you could end up paying taxes on up to 85% of your benefits, depending on what your retirement income looks like.
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Details
Source
Originally published at www.fool.com.
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