In this video, Certified Financial Planner Joe Franklin breaks down the best Social Security claiming strategies for retirees and how the order of withdrawals from your retirement accounts can dramatically impact your lifetime income, taxes, and legacy.
We cover:
- Taking Social Security at 62 vs 70
- Why a hybrid Social Security strategy often works best for married couples
- How Roth conversions can reduce retirement taxes
- The impact of investment returns, inflation, and tax brackets
- How to maximize after-tax retirement income
- Strategies for 401(k)s, IRAs, Roth IRAs, pensions, and taxable brokerage accounts
- Avoiding the Social Security tax torpedo
- Retirement withdrawal strategies for conservative vs aggressive investors
- How to leave more tax-free wealth to your children and grandchildren
You’ll see real retirement planning examples showing how different strategies can create over $1 million in additional retirement income and legacy wealth. If you’re planning for retirement, wondering when to claim Social Security, or looking for tax-efficient retirement income strategies, this video is for you.
