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Ten million taxpayers are inside the Social Security benefits “tax torpedo”. This is where if more income is taken, more Social Security benefits are taxable. Such taxpayers can have a marginal federal tax rate of 40.7 percent or 49.95 percent even though they don’t have very high taxable income.

Join Professor Greg Geisler when he will review the following:

  • What the Social Security (benefits received) tax torpedo is and how to identify clients who are inside of it
  • Determine their effective federal tax rate, which could be 40.7% or 49.95%, using three number from their tax return.
  • Proper financial advice for these high marginal tax rate but moderate taxable income clients
  • Choose the appropriate accounts to withdraw funds from to limit the negative tax impact of the SSBs Tax Torpedo.


*CE/CPE Eligible: 1 CE credits are available to subscribers with these designations: CFP, CLU, ChFC and RICP. CPA subscribers will earn 1 CPE credits.


Field of Study: Specialized Knowledge

Prerequisites: There are no prerequisites for this session.

Advanced Preparation: None

Program Level: Basic

Delivery Method: Group Internet Based

NASBA Approved

Financial Experts Network (Sponsor Id#: 145173) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: