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Investment Withdrawal Strategies for Low-income Seniors
Of course, everyone’s personal financial situation is different so developing a “one size fits all” retirement income approach is neither possible nor desirable. Nevertheless, it’s important to fully understand how and where Social Security fits into your overall retirement income plan, and make informed decisions on which types of supplemental income to withdraw, and when. In this informative Forbes article by financial contributor Steve Parrish, the author walks us through how low-income retirees should approach their financial decisions to feel the least impact from income taxes and achieve the highest possible Social Security benefit. Click here to read more.
This posting is presented for informational purposes only and does not represent legal or financial guidance. Any opinions or interpretations presented are either those of the original author or, in the case of articles authored by the AMAC Foundation, are the opinions of AMAC Foundation staff, originally trained and accredited by the National Social Security Association (NSSA) and certified via the AMAC Foundation. Any links included in the article are valid on the posted date; socialsecurityreport.org cannot guarantee the duration of the links’ validity. NSSA and the AMAC Foundation and its staff are not affiliated with or endorsed by the Social Security Administration or any other governmental entity. To submit a question, visit our website (https://amacfoundation.org/services/) or email us at ssadvisor@amacfoundation.org. Because we are a non-profit organization, there is no charge for these services.