3 Smart Places to Save Now

With Social Security set to deplete one year earlier than expected, taxes on retirement benefits may only get worse, not better. Currently, 15% of your Social Security benefit is tax-free. For the other 85%, it all depends on your “provisional income.” So, it’s important to be able to manage your income in retirement, and one way to do that is to make sure you are saving in the right places.

Provisional income is your gross income – wages, pensions, interest, dividends and capital gains – plus tax-free interest, plus half of).