March 21, 2011
Saving for retirement and collecting Social Security benefits can be confusing. Add taxes to the equation, and it gets really confusing.
According to marketwatch.com, there are a lot of myths and misconceptions about earning income in retirement and what Social Security benefits you qualify for, as well as what it taxed.
“If you work and you bring additional earned income into the household, there is more money there,” said a marketwatch analyst. “You don’t get to keep all of it, Uncle Sam will take a piece, and you may impact a couple other parts of the retirement pie as well, but it’s never a net negative.”
What myths have you heard about Social Security benefits? What do you think is the most confusing thing about Social Security benefits?
If you need help getting Social Security benefits you deserve to get your life back on track, the Social Security lawyers at Fleschner, Stark, Tanoos & Newlin can help.
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