Ten million taxpayers are inside the Social Security benefits tax torpedo. This is where if more income is taken, more Social Security benefits are taxable. Such taxpayers can have a marginal federal tax rate of 40.7 percent or 49.95 percent even though they don’t have very high taxable income.
You Will Learn
- What the Social Security (benefits received) tax torpedo is and how to identify clients who are inside of it
- Proper financial advice for these high marginal tax rate but moderate taxable income clients
- Which sources of funds to tap and in what order for client spending during retirement
- Tax-efficient moves during the “Golden Years for Tax Planning” – i.e., after retirement from full-time work and before Social Security begins
Greg Geisler, who received his PhD from University of North Carolina-Chapel Hill, is a Clinical Professor of Accounting at Indiana University-Bloomington. He teaches a course on and publishes articles in the area of “Taxes and Financial Planning.”
From 2011 – 2021, he has published 6 articles in the Journal of Financial Service Professionals and 7 articles in the Journal of Financial Planning (JFP), including one that received the 2017 “Montgomery-Warschauer Award” for most outstanding article contributing to the betterment of the Financial Planning profession.
At his previous institution, he received the 2017 Chancellor’s Teaching Excellence Award.
He has been quoted in the Wall Street Journal and many times in the financial press and on newscasts.
Registration Fee: $0 FSP Members | $19 Non-Member
Archive: The archive recording will be available after the webinar in your FSPgo account (on the My Account tab).
CE Credits: There are no CE credits available for this program.
Note: This webinar was originally broadcast live on August 12, 2021.