Social Security Tax Trap Explained
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Social Security tax torpedoBenzinga
•Suze Orman explains why Roth IRAs are your best defense against the Social Security tax torpedo
64% Informative
Suze Orman broke the Social Security tax torpedo on her " Women & Money " podcast.
The Social Security "tax trap" occurs when retirees encounter a cascade of tax consequences for their income and various retirement savings withdrawals.
Orman: "The best way to prepare for it is to have only Roth retirement accounts.. Bar none.".
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