Financial advisors share strategies to raise retirees' annual income
Updated
Updated · GOBankingRates · May 7
Financial advisors share strategies to raise retirees' annual income
15 articles · Updated · GOBankingRates · May 7
Advisers said delaying Social Security from 62 to 70 can lift benefits 77%, while tax-smart withdrawals and Roth conversions may add thousands of dollars yearly.
Jeremy Keil, Christopher Stroup and Julian Morris said coordinating taxable, traditional and Roth account withdrawals can reduce bracket creep, lifetime taxes and Medicare surcharges.
They said early-retirement portfolio drawdowns can help bridge delayed Social Security, with the biggest gains coming from combining benefit timing, withdrawal planning and tax management rather than seeking higher risk.
How can retirees avoid the Medicare premium trap when executing multi-year Roth conversions?
Does President Trump’s new Senior Tax Deduction make Roth conversions a less urgent strategy for retirees?
When does using your 401(k) to delay Social Security become too risky in a volatile market?