Reported about 21 hours ago
Millions of Americans face taxation on their Social Security benefits, but strategies exist to minimize this burden. Delaying benefits and performing Roth IRA conversions are two popular methods that could lower taxable income. Taxpayers should also consider other techniques such as withdrawing from taxable accounts before claiming benefits and consulting a financial advisor for tailored strategies. The goal is to optimize retirement income while managing tax liabilities effectively.
Source: YAHOO