Reported about 2 months ago
Planning ahead is crucial for retirees looking to optimize their Social Security benefits. Many retirees face unexpected taxes on their benefits due to their combined income from various sources. To mitigate this, consider making Roth IRA conversions before claiming Social Security, as these conversions do not affect your taxable income. Proper financial planning and possibly consulting a financial planner can help avoid unnecessary taxes and enhance your retirement income.
Source: YAHOO