3 Social Security Secrets for Even Bigger Checks
You may end up relying on Social Security pretty heavily in retirement -- especially if you kick off your senior years with a lower savings balance than you'd like. If you want to score the highest possible paycheck from Social Security, here are a few moves you can make.
What does the retirement plan you choose have to do with the Social Security benefit you collect as a senior? A lot, actually.
Once your income exceeds a certain threshold, you'll risk paying taxes on your Social Security benefits, and retirement-plan withdrawals count toward your income -- that is, unless you house your savings in a Roth IRA. If you go the Roth IRA route, any money you remove from that account will be yours to enjoy tax-free and won't count as income for Social Security tax purposes.
Source Fool.com
