The New Holistic Retirement | Mid-American Wealth

THE NEW HOLISTIC RETIREMENT • 75 I$n1 1270, 01040, . Tt hhea t Smo ec ai anl t , Si fe cyuorui tmy atdaex a$b9l0e , 0 e0a0r, nyionug sp aci adpS owc iaasl St aexceusr iot yn ltya xoens tohne aflilros tf i$t ,1b1u7t, ,0i0f 0y .o Iunmt ha adte c$a1s2e0, ,$030, 00 0, y0o wu op ua il dd not be subject to Social Security tax. Things changed in 2015, however. The maximum taxable ee aa rr nn iendg s$ 1f o2r0 S, 0o0c 0i a li nS e2c 0u 1r i5t y, yi no cur enaos el od nt goe$r 1a1v8o, 5i d0e0d. St oa ,x ief sy oo nu $in3c,0om00e, sotnalyyinognt$h1e,5sa0m0.eY. ou paid more in taxes despite your If you don’t believe there are sneaky ways your taxes s e c u o v u c e c n ld e t s s g s i o f n u u l o p u ca , r t c c e o o r n m in s m g id b u e u r n s i o t i y n n . e e s os ,f sme ryv if cr ii ne ng dws ,e dMdai tnt gi es . aSnhde srpuencsi aal Several years ago at tax time, Mattie discovered she owed $i n1c, 2o m6 6e mt hoarne ti hn et apxr ee sv itohuasn ysehaer ,pal anndnsehde. kS hn ee wd i hd enr’ t t ha ax vber amc ok reet ha na dn no u’ tn ccehda nbgyeCdo. nTg hr eesrse. Shhaedw abse emno rneot h na ne wa l ittat lxe cionnc rf ue as es eds. Her accountant quickly cleared it up for her: In the Awfaf os rad ap br ol ev iCsai or en At oc ti n( oc rt he ae sr ew ti shee kt hn roews hn oal sd Of obra Smoacci aa lr eS)e, ctuhrei rt ye toaf xheesr. Mi n ac totmi e en, oa wn do, wa cecdo rSdoi cniga ll yS, ehceurrti at yx tbai xl lews aosn hai gl ahregre. r p a r t Since 2012, the federal government has raised taxes on ca anpdi tt aa lx egsa if no sr ha ingdh edri ve iadrennedr ss ,. TMheadt ’i sc aj ur es t si un rttha ex , l apsat ydr eocl la dt aex. e s , These “stealth” taxes and the elimination of deductions cMaend i icma rpeaPc ta r yt oBup rienm oi ut mh esr a raer ebaass, e dt o, ion. pFaor tr, oenx ai nmc op ml e ,e fyrooumr pmroe rvei obuesn ey fei at sr sb. eIi fn gs ut da xd ee dn, l yy oyuorut ahxaavbel ef ei nwc eo rmde egdouecst iuopn—s aa nn dd so do your premiums.

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