Jack Phelps, founder of The Relaxing Retirement Coach, explains that the IRS considers social security income to be taxable in most circumstances.
Wellesley, MA – September 8, 2012 – Jack Phelps, founder of The Relaxing Retirement Coach, a Retirement Coaching company, recently published a blog on his website (http://www.theretirementcoach.com) discussing social security benefits. The blog, titled “Taxing Your Social Security Benefits,” explains that social security benefits are taxed as income by the IRS.
Jack Phelps writes, “For far too many people, there was a big surprise waiting for them this year. And, that surprise was finding out that they had to pay a large chunk of money in taxes when they mailed in their return. Why? They didn’t know that their new social security benefits are subject to income tax along with the rest of their other income!”
The Relaxing Retirement Coach, Inc. provides their members with the ‘missing structure’ they need to make a seamless and relaxing transition to their retirement years so they can confidently do everything they want to do without worrying about money. Their Relaxing Retirement Coaching Program™ provides members with a personalized, one-on-one retirement coaching relationship with constant attention to each and every detail necessary for them to consistently enjoy a relaxing retirement experience.
The entire blog can be found at http://www.theretirementcoach.com/blog/taxing-your-social-security-benefits-3.php
To learn more about The Relaxing Retirement Coach, Inc., please visit http://www.theretirementcoach.com
About Jack Phelps
Prior to developing The Relaxing Retirement Coaching Program™ back in 1994, Jack spent five years as a registered representative with Prudential Financial Services. In 1989, Jack graduated from Holy Cross College in Worcester, Massachusetts with a B.A. in Economics.