Up to 85% of your Social Security benefits may be taxable depending on your total income. Advanced tax planning strategies, such as adjusting withdrawals from retirement accounts or Roth conversions, can help manage your taxable income in retirement and reduce the tax burden on Social Security benefits.
A financial advisor with retirement planning expertise can help you plan for Social Security benefits and integrate them with your other income sources. Finding a financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three vetted financial advisors who serve your area, and you can have a free introductory call with your advisor matches to decide which one you feel is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
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