Retired individuals holding both traditional and Roth accounts can withdraw funds tax-free from Roth accounts instead of traditional accounts to avoid higher tax brackets and potentially reduce the amount of Social Security benefits subject to tax.

Authors

• Person: Not available Organization: TurboTax
  Tax-Advantaged Accounts: How They Can Boost Your Savings

Sources

• Tax-Advantaged Accounts: How They Can Boost Your Savings turbotax.intuit.com TurboTax via serper

Referenced by nodes (1)

• Roth retirement account concept