In this video, Colin Exelby, CFP® covers how social security taxation works and how to minimize it

Most retirees are shocked to learn that up to 85% of their Social Security benefits can be taxed — but it doesn’t have to be that way. In this video, I’ll break down exactly how Social Security taxes work, where they came from, and how you can legally lower or even eliminate them. You’ll learn how provisional income is calculated, what counts (and doesn’t count) toward it, and how using Roth IRAs, HSAs, annuities, and real estate income can help keep your taxable income low. I’ll also show how new 2025 deductions could make a portion of your income completely tax-free. If you’re nearing retirement or already collecting benefits, this is a must-watch guide to keeping more of what you earned.

⭐This video is sponsored by Chapter. Find out more about your Medicare options by speaking with a real human in the U.S. Call Chapter to schedule your complimentary appointment at ➡️ (818) 924-2041 or visit ➡️ https://askchapter.org/CWM⭐

#SocialSecurity #Taxes #RetirementPlanning #TaxFreeIncome #RetirementTips #FinancialFreedom #TaxStrategy #RothIRA #RetirementIncome #PersonalFinance

00:00-Intro

01:18-What is provisional income?

02:39-What doesn't count as provisional income?

03:40-How provisional income makes your social security taxable?

04:15-Taxable doesn't mean taxed

06:36-How to keep your provisional income low

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[About] Colin Exelby is a Certified Financial Planner Professional™ or CFP®. He owns the virtual financial advisory practice Celestial Wealth Management.

I provide financial planning for business owners and their families that makes sense.

Transformational change is made when you focus on the big picture. My goal is to help you think outside the box about your life, your money, and your health to be the best you can possibly be.

We strive to help you:

*Optimize Your Cash Flow

*Minimize Your Taxes

*Build Your Net Worth

*Create a Lasting Legacy

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