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Part 3 Social Security

The only things certain in life are death and taxes." - Benjamin Franklin

Taxes on your Social Security benefits are calculated based on a formula known as provisional income. Provisional income is the sum of all income plus 50% of your Social Security benefits. Deciding when to collect your benefits can have a significant impact on how much of your Social Security will be taxed.


The good news: There are more efficient ways to arrange your finances so as to minimize your provisional income. Watch this short video to find out if you can reduce or eliminate taxation of your Social Security income.


You paid into Social Security your entire working life. Only a financial professional who specializes in Social Security planning can help you maximize your benefits and make sure you receive everything you're entitled to.




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Financial 411, Robert Goldsmith, and Deanna Goldsmith are representatives of Financial Fitness & Insurance Servcies, LLC, a Nevada Corporation.  Robert has been a licensed insurance and financial professional since 1982 and is a member of the National Ethics Association and National Association of Professional Agents.  Deanna Goldsmith is also a member of the National Association of Professional agents and has earned her certificate as a National Social Security Advisor. Deanna Goldsmith has been a licensed insurance professional since 2003. Financial Fitness & Insurance Services, LLC, Robert Goldsmith, and Deanna Goldsmith do not provide legal or tax advice, any information perceived as legal or tax advice is purely consequential.  For legal or tax advice you should always consult a licensed tax advisor or attorney.