Check out Jeremy’s latest podcast on retirement planning by listening on “Apple Podcasts” or “Spotify Podcasts” or read below for my answers to Your Questions About Social Security, RMDs & Annuities.

[174] – We’ve recently received a bunch of questions from our listeners and today Jeremy answers the first batch! 

In this episode, Jeremy Keil answers your questions about Social Security, required minimum distributions, and annuities. He talks about how income levels affect social security taxes and the importance of tax planning. Jeremy explains the calculation of RMDs, the benefits of qualified charitable distributions, and Roth conversions. He also compares multiyear guarantee annuities to CDs, highlighting the potential for higher interest rates and the need to understand the role of guaranteed income in retirement.

Jeremy discusses:

Social Security is a vital component of retirement income for many individuals, but understanding how it is taxed can be a confusing process. In this blog post, we will delve into the intricacies of Social Security taxation, explore the thresholds that determine tax rates, and shed light on the complexities of Required Minimum Distributions (RMDs).

Social Security taxation is not a one-size-fits-all scenario. The taxation of Social Security benefits depends on your combined income, a term that takes into account all sources of income, including half of your Social Security benefits.

For married couples filing jointly, these thresholds are important. The transition points from 0% to 50% taxation and from 50% to 85% taxation occur at combined incomes of $32,000 and $44,000, respectively.

To determine the taxable portion of your Social Security benefits, you need to calculate your combined income. This involves adding up all non-Social Security income and half of your Social Security income. An example can illustrate this better:

The complexities of Social Security taxation become even more apparent when you introduce RMDs. RMDs are mandatory withdrawals from retirement accounts that can impact the taxation of your Social Security benefits.

Understanding Social Security taxation and the interaction with RMDs is crucial for retirees. The complex calculations involved require careful consideration. As regulations and age requirements change, staying informed about these aspects is essential for effective retirement planning. Seeking advice from financial professionals can help navigate this intricate landscape and optimize your retirement income strategy.

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To learn more about Social Security, RMDs & Annuities, check out the resources below!

If you have any questions, feel free to contact us using the contact information provided below!

Disclosures

Videos/Podcasts/Blogs (media) published prior to June 30, 2025, were recorded and approved while the advisor was affiliated with Thrivent Advisor Network. These media reflect the advisor’s views and interpretations at that time. The information and disclosures contained in those media were believed to be accurate and complete as of the date of recording, but may not reflect current market conditions or Alongside, LLC, policies.

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