Are social security payments taxed in retirement? Let's find out.

“When I start drawing on my Social Security, that’s when I’ll be able to relax,” said no one ever.

What’s worse is that many people don’t know that they may have to pay taxes on their Social Security payments in retirement and three times the taxes if they escape abroad.

So, how do taxes affect Social Security payments?

This is Queer Money episode #486, and today, we’re sharing everything you should know so that you can accurately plan for retirement. Now, on with the show.

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Additional Queer Money episodes mentioned in this episode:

• 5 Ways to Prepare if Marriage Equality Is Overturned on Queer Money EP472
• This Social Security Secret Could Ruin Your Retirement on Queer Money EP113
• One Million Reasons Why Gay Couples Should Get Married ASAP on Queer Money EP054
• 2022 Huge Same-Sex Social Security Change on Queer Money EP314
• 7 Ways to Save for Tomorrow and Live for Today on Queer Money EP452

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