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How IRAs Impact Social Security

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In many cases, traditional IRAs impact Social Security benefits by increasing your taxable income. Having a solid plan for your IRA distributions can save you thousands of dollars, so it’s worth understanding how these two pillars of retirement planning work together.

Combining Social Security benefits and an IRA can be an effective strategy for funding your retirement. However, if you take a distribution from a traditional (not Roth) IRA, you may have to pay taxes on your Social Security benefits. This can certainly have a major impact on your retirement income.



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