Use Roth IRAs for a portion of your retirement savings

Did you know that up to 85% of your Social Security checks can be subject to income tax if your income exceeds a certain level? If you didn’t, don’t feel bad. Most people don’t know this fact nor that it includes income you receive from many retirement accounts, like traditional IRAs and 401(k)s.

On the other hand, Roth IRA distributions don’t count toward those income limits, giving you access to your savings without affecting some of your Social Security to the IRS.