Quote:
Originally Posted by rshoffer
just received my monthly Edward Jones Newsletter. It's called "Investment Perspective" and covers all kinds of topics each month.
This month there was a segment entitled, "Social Security and Taxes In Retirement". This part blew me out of the water: The taxable amount of Social Security Benefits for a couple filing jointly whose provisional annual income is more than $ 44,000 is up to 85%. 85%!!!! After contributing to this fund for over 40 years we can expect to get back 15% of our benefits. I shoulda invested with Bernie Madoff.... a better ROI. Somebody tell me it ain't so.  |
It ain't so!
You are paying taxes on up to 85% of your Social Security benefits not losing 85% of your benefits.
__________________
My goal in life is to be as good of a person as my dog already thinks I am.
