CGFG For Financial Professionals

Financial Professionals!!! You are Invited! CG Financial Group and Equitrust will be conducting a lunch and learn on April 7th in Des Moines. Not from Des Moines? Come see us anyway. For details and to register, click below.

Spring Agent Lunch and Learn with Equitrust and CG Financial Group (Des Moines) Equitrust stands out as a leading provider of MYGAs, indexed annuities, single premium life insurance and long-term care annuities. Meanwhile, CG Financial Group is rapidly emerging as one of the top IMOs, dedicated to assisting advisors in the sale of annuities, life insurance, and long-term care s...

Up until 1983, Social Security retirement benefits were not taxed. Then in 1983 amendments were passed that made Social Security taxed depending on your "Provisional Income". Those tiers were adjusted again in 1993.

What that means is, today if you have "provisional income" above the tiers below, a large chunk of your social Security can be taxed:

Single filer:
$25k -$34k: Up to 50% of your Social Security can be taxed
$34k Plus: Up to 85% of your Social Security can be taxed

Married filing jointly:
$32k - $44k: Up to 50% of your Social Security can be taxed
$44k Plus: Up to 85% of your Social Security can be taxed

Also, those thresholds HAVE NOT increased since!!! Effectively, that is a stealth tax increase on your Social Security!!!