Regional Vice President of Sales The Retirement Plan Company
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Compass
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AimPoint Pension
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Bates & Company, Inc.
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Loan & Distribution Specialist AimPoint Pension
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People Who Saved for Retirement Are Being Punished by Social Security Taxes
MarketWatch [Opinion] Jan. 9, 2019
"When Congress made Social Security benefits taxable in 1983, lawmakers didn't index the tax thresholds to inflation. They 'forgot' inflation again when adding a second layer of taxation in 1993. That means the proportion of recipients who have to pay federal income taxes on their benefits keeps increasing. Initially, only 1 in 10 Social Security recipients had to pay any federal tax. Now, it's over half."
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