Social Security isn't taxed by Massachusetts
Federal tax may still apply.
Woburn, MA
Financial Advisor in Woburn, MA
Paul McNulty, CFP®, helps Woburn-area families plan for retirement from his office on Washington Street, with 40 years of experience and a focus on turning savings into reliable income.
Is there a CFP® professional in Woburn?
Paul McNulty is a CERTIFIED FINANCIAL PLANNER™ professional with an office at 444 Washington Street, Suite 306, in Woburn. He works with people within about 10 years of retirement, and recent retirees, across Woburn and nearby towns, building written plans for retirement income, Social Security, investments, and estate coordination.
Visit the office
- Address
- 444 Washington Street, Suite 306
Woburn, MA 01801 - Getting here
- Easy access from I-93 and Route 128/I-95
- Phone
- (781) 995-0253
- Hours
- By appointment
Serving Woburn and neighboring towns
Clients come from Woburn and the surrounding communities, including Burlington, Winchester, Stoneham, Reading, Wilmington, Lexington, Arlington, and Medford. Paul also meets clients by phone and video.
- Woburn
- Burlington
- Winchester
- Stoneham
- Reading
- Wilmington
- Lexington
- Arlington
- Medford
Retirement planning for Massachusetts residents
Massachusetts has its own estate tax
Estates over $2 million may owe state estate tax, a much lower threshold than the federal exemption. Planning ahead with your attorney can help.
A 4% surtax applies to income over about $1 million
The threshold adjusts each year. A large one-time event, like selling a business or property, or a big Roth conversion, can trigger it, so timing matters.
Pension and public-employee benefits
Many Massachusetts public employees don't pay into Social Security. The 2025 repeal of WEP and GPO may have raised benefits for them and their spouses.
Straight answers
Frequently asked questions
444 Washington Street, Suite 306, Woburn, MA 01801.
LPL Financial and its representatives do not provide tax or legal advice.