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How to Minimize the Taxes on Your Social Security Benefits
Social Security can be one of the most flexible tools in your retirement toolkit. Some seniors will depend on it. Some will use it to achieve or even upgrade bucket list goals. Some might treat it as an additional investable asset. And others might make their survivor's benefits a central part of their estate planning. But I think all seniors will agree that no one wants their Social Security benefits to trigger unwelcome surprises at tax time. As you're weighing when to take Social Security and how to use your benefits, discuss these four topics with your financial advisor. You may have several options to lower your tax liability and maximize the value of your benefits to your comprehensive financial plan.