The promises of Social Security to working Americans have been altered by Congress several times. At the beginning, benefits were legislated to be tax-free. Today, we have a two-tiered system that not only erodes benefits via taxation, but now a new means testing conversation is being thrown around that could subject benefits to even further taxation. Steve and Ken walk you through the basic understanding of the provisional income test for Social Security and the impact of life insurance income.
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Steve Savant is the host of the daily producer show, Let’s Get Down to Business, and the weekly consumer show, Steve Savant’s Money, the Name of the Game. Both shows are sponsored by Ash Brokerage. Steve is the number one online author and videographer of insurance content. During his 30-year... More