3 Social Security Tax Mistakes (Potentially Costing You Thousands!)

Social Security is a key part of maximizing your retirement story. The decisions you make about when and how to claim it can have a big impact on how much you keep versus how much goes to the IRS. In today’s show, we’ll break down 3 common Social Security tax mistakes- some of which could cost you big- and how to avoid them. Here’s some of what we discuss in this episode: 0:00 – Intro 1:51 – Mistake 1: Believing Social Security Is Tax-Free 3:20 – Mistake 2: Not Planning For Medicare Impacts 4:12 – Mistake 3: Timing Social Security with Roth Conversions 7:12 – Retirement Chart Of The Week 9:49 – Diversification In Investing 10:30 – Listener Question Periodic Table of Investment Returns  https://www.callan.com/periodic-table/   Want to get in touch? Company website: https://sierensfinancialgroup.com/ Podcast website and resources: https://maxretirementshow.com/ Phone: (847) 235-6989 Contact our team: office@sierensfinancialgroup.com Schedule your no-cost introductory call: https://sierensfinancialgroup.com/schedule-a-meeting/ Join us for our next financial workshop: https://sierensfinancialgroup.com/ Check out our free guides: Unlocking Hidden Tax Savings Guide: https://maxretirementshow.com/taxes/ Social Security Benefits Guide: https://maxretirementshow.com/socialsecurity/ Will Your Money Last As Long As You Do Guide: https://sierensfinancialgroup.com/   Check us out on YouTube: https://www.youtube.com/channel/UCPhQ-u12d60Z0HNCwwVubdQ Facebook: https://www.facebook.com/SierensFinancial/ LinkedIn: https://www.linkedin.com/in/scott-sierens-sfg/