Navigating the “Stealth Tax” on Social Security

Retirees are benefiting from an 8.7% increase in Social Security benefits due to the largest cost-of-living adjustment (COLA) in decades. But there's a catch – this boost can also push seniors into higher tax brackets, aka a "stealth" tax.

In this episode, Charleston’s Retirement Coach Brandon Bowen shares what stealth taxes are and how they could affect your retirement, while shedding light on steps you can take to help protect your money utilizing strategies like Roth conversions.

Brandon also explains the progressive tax system, debunks common misconceptions about tax brackets and provides insight on ways you may be able to reduce future tax liabilities through proactive financial planning.

Learn how to navigate the intricacies of tax-efficient retirement planning and make informed decisions to optimize your income while keeping Uncle Sam at bay.

Don't fall into the victimhood mentality – empower yourself with knowledge to optimize your retirement income. Connect with Brandon and his team at BowenWealth.com.

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