Long Term Capital Gain Strategies Inside the Social Security Tax Torpedo

Do you have a tax-efficient retirement income strategy that maximizes Social Security? You can schedule an appointment with one of our Retirement Experts to look at your situation and help you plan for your future. Call us at (920) 544-0576 or go to https://www.safeguardinvest.com/contact.

In our trainings around the Social Security Tax Torpedo, we've discussed that IRA and pensions can have in forcing you into some very high marginal brackets.

But in retirement, we often have choices regarding the optimal place to pull our income from.

A fully taxable withdrawal, such as an IRA withdrawal, is just one of the three buckets you can ultimately pull from.

Pulling a long term capital gain from your taxable account translates to an entirely different tax consequence.

In some ways, this is good!

We'll discuss how entering the Tax Torpedo zones with Capital Gains vs. IRA withdrawals is much more forgiving from a tax rate standpoint.

However, lower taxes today have to be weighed with our future tax liability as well. This can lead to a layered decision-making process.

#SocialSecurity #TaxTorpedo #RetirementIncomePlanning
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