Tax Planning for Retirement Plans: The Underestimated Value of Social Security
CTP
JANUARY 11, 2022
Social Security tax revenue alone will cover our retirement obligations until at least 2033, and then it will cover up to 77% of costs after that year, again assuming no changes to the current plans in place. Therefore, tax planners can factor in Social Security for at least the next 15 years as a source of retirement income.
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