Delaying Social Security by withdrawing from your retirement (IRA/401k/403) to pay the bills.

Does it make financial sense to delay Social Security if you need to withdraw from your retirement to cover expenses while you wait? On paper, delaying Social Security until age 70 makes financial sense for many. However, does it really benefit you to withdraw early from your retirement funds while you delay filing from Social Security from ages 62 to 70? Listen in as we tackle this complex problem.
Dolphin Financial Radio is a fun and informative podcast on retirement planning issues. This is not financial advice. Please seek professional guidance before implementing these ideas or strategies: www.dolphinfinancialgroup.com
Investment advisory services offered through Dolphin Wealth Management Inc., a Registered Investment Advisor in the state of Florida. Insurance products and services are offered through Dolphin Insurance Inc., Dolphin Wealth Management Inc, and Dolphin Insurance Inc. are affiliated companies doing business as Dolphin Financial Group.
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[@RickWalkerSaunders]

Finally the first video that alligns to my financial plan/beliefs, yes pulling ss at 62 is good if you don’t other investments, and people don’t realize the tax implications, also it’s more healthy in your mind set because if you delay your ss at 72, your mind is telling you that you will live longer and most likely you get motivated to get more healthy and live longer.Thank you thank you, it is the tax that completes the whole picture of delaying it.

[@Dolphinfinancialgroupfl]

@@RickWalkerSaunders many are blissfully unaware of the tax torpedo heading directly at them. Glad you understand this important concept.

[@RickWalkerSaunders]

@@Dolphinfinancialgroupfl exactly, most Americans have money and maybe the money is not the problem, it is the tax that is the big problem, they always put numbers 62 vs 72 but never considered the tax bracket.Retirement strategies are very inaccurate without putting in tax factors.

[@kbrabson]

All good points in this video. However, one thing most fail to mention is the QUALITY of life diminishes as we age. AND ....the probability of something happening healthwise increases. Money is no good unless you have TIME to use it.

[@Dolphinfinancialgroupfl]

This is a difficult topic for sure, and one that many avoid. We did a podcast along these lines: kzbin.info/www/bejne/bYjCY2Z4q7apmLMsi=msZRhRgP_PbAgkOn

[@kbrabson]

I watched the video you posted. It focused more on our death dates & making financial decisions rather than Health, Mobility, & Mental Clarity as associated with younger years. However, I did watch the first video again and I agree that it does depend on each person's or couples situation such as genetics, finances outside of social security and how they want things to go. I am a bit bias because I plan to take it early (62), but I'm always looking for reasons that I'm wrong.

[@Dolphinfinancialgroupfl]

@@kbrabson here is a video on reasons to delay Social Security - you might find a reason your decision to take it early is wrong! :) kzbin.info/www/bejne/fHzEgp2lgJV9as0si=3aDNjRG_1iiqhb7d

[@RickWalkerSaunders]

Yes but if you pull your IRA and ss together it will put you in a higher tax bracket, you still are throwing money because of taxes, dying is another thing, pull it at 62 if you have no other investments, pulling your ss at 72 has a mindset positive effect, it will push you to be healthier because you are dictating your mind to live longer.

[@FIRED13]

There's a lot to say about planning way way ahead on this stuff. For example, contributing to your Roth's and maybe even doing Roth conversions way before you reach age 62 I would say could help a whole lot in the bigger picture

[@edwardpate6128]

Anyone who was in the US Military learned their SSN by heart as that was you ID number and was also on your military ID and dog tags when I was in.

[@josephcler3299]

This is exactly the strategy my wife and I are planning. We are both retired professionals age 61 and have 2 million in investments, We plan to spend down the IRA portion of investments and take social security at 70. Hopefully this strategy will reduce the RMD Amounts that we will be forced to take at 75.

[@Dolphinfinancialgroupfl]

It's a reasonable strategy and it's one that can be adjusted over time as life events happen.

[@pgppe9488]

What happens if you don’t live to 70? Why not accept your SS at 62 or 65 and invest it to make up the shortfall for taking early. Also, I am sure the government has actuaries who have done their job well and they know the government wins when it can influence people to delay payments until 70.

[@grissomfire]

The 2 young guys at the end look like a great way to fund their ROTH by working. Wish I had known more about that when my kids were growing up.

[@Dolphinfinancialgroupfl]

Indeed! Yet, it needs to be earned income to qualify for Roth contributions.

[@grissomfire]

I know it has to be earned above and beyond an allowance. I figured they were being paid to be on the video which would qualify for a ROTH.

[@kevinverble6416]

It's an easy decision for me and my wife. We don't have enough retirement savings to last very long so we will be dependent on social security. Might as well maximize what we will get by waiting till we are 70 to claim.

[@spookietowne7932]

We are in the same position. I was a "high earner" & made the SS earnings threshold for most of my career. This being the case, I am able to collect very close to the SS maximum. By waiting until 70 to claim, our combined SS benefits should come to a bit over $83,000 per year. With this as our only income, our tax burden will be almost nothing as well. If I take my SS this year at my FRA(66 & 8), our combined income will drop from the $83,000 I mentioned to about $63,000 per year. That extra $20,000 per year will give us the opportunities to do some traveling etc & not have to worry about having enough money to live off of. We own our home and car outright & have our bills honed as low as we can. Bridging in this manner is not for everyone, but we believe this is best for our situation.

[@calr4459]

Or take SS to delay spending down your retirement account? The upside of waiting to increase your SS checks is that your monthly SS checks don’t fall when the market makes its frequent negative “adjustments”.

[@jB67270]

I always find it interesting how people focus on "getting" the most out of the program. Social Security is a old age insurance program not something to "maximize". If I die, it does not matter what I "get". I don't need it then.

[@Basspa]

Just got laid off at 60 due to company reorg. Feel like I want to retire now. Thinking I will take out from 401k. Wondering when is best time to file for SS. Came across your channel and video where you spoke of a report you run. I’d be interested in said report. Thanks for the channel as it’s helping me to understand things.

[@Dolphinfinancialgroupfl]

@@Basspa we would be happy to provide that report for you. Please contact us: www.dolphinfinancialgroup.com/social-security-maximization-florida.php

[@randolphh8005]

Clearly it depends. I’m glad you are honest about this. what trends toward delaying is longevity, being married, having a portfolio of $750k-$1500k. For the great majority at least a little delay past 62 makes sense. What I recently found out, and you are confirming, was that drawing down your portfolio to delay can often lead to MORE money down the road, not less. Counterintuitive! I’m in healthcare and see way too many people(including both sets of parents) that took early and are always poor. For a lot of people the benefit at FRA or even more at 70 is enough to live on with no other income or portfolio. Our parents were miserable living off $3000 or less per month. My wife and I will get $6500 in todays dollars at age 70. I’m on cheap ACA insurance for now.

[@headlibrarian1996]

I think the notion of "investing your SS" is silly. What's really happening is taking SS at 62 reduces asset depletion and thus improves investment growth. Depleting your assets starting age 62 could easily cost you $150k or more over 8 years waiting until 70. Break even analysis of SS benefits absolutely must include that, which means that your break even is almost certainly age 90+, ignoring inflation. Very few people can rationally make that age bet.

[@randolphh8005]

@@headlibrarian1996 Agree with your comment about asset depletion, and a good way to look at it. However, you are assuming a good market return over the initial years, which is not a sure thing. A larger check is guaranteed, and will lead to less portfolio need later. Only time will tell. The more important reason for me to delay is to get the larger survivor benefit as my wife took at 63, and the survivor benefit is $2000/mo more.

[@bobackerman54]

​@@headlibrarian1996 For me i am concerned that the markets will not perform as they have in the past primarily due to GENIUS politicians in DC. i will bet those same politicians will be to spineless to take away a SS COLA which would likely lead to their removal from office ... hence, i am choosing to delay and have sufficient income regardless of how long i live ... my goal is to always have enough money and not end up with the most when i die ... in either case, i wish you well and hope you enjoy a long and fruitful retirement !!!

[@Dolphinfinancialgroupfl]

@@headlibrarian1996 Also consider the tax advantage Social Security income has over other forms of investment income, particularly IRA withdrawals.

[@josephjuno9555]

@randolphh8005 Delaying taking Soc Sec is guaranteed tax free 8% growth? It wud be hard to match that! If you need the money Tske it! If u don't need the money right away delay until u do? So many tax plans to look at! Nit just Break even at 78?

[@onlywenilaugh6589]

This was a bit sloooow for me. Couldn't make it through. Remember, it's not really the total you get back, it's whether you can pay your monthly bills.

[@testingperson8413]

Pay the monthly bills. In other words, be sure to save and invest those smaller checks for the first 5 or 6 years. Just because a person gets a smaller check earlier doesn't mean a person has to spend it all, or at all. We looked at our situation and decided it was right to take smaller early benefits and invest all of them until later. So quality of life means all the bills are paid with growing money.

[@ClownCash]

There’s a playback speed adjustment 1.25x 1.5x 2x Thank God for that. Ain’t got all day to get thru these videos

[@BRunner12]

By the way, it makes no sense to delay if you might pass away at 80

[@Dolphinfinancialgroupfl]

A surviving spouse may disagree. There are several other reasons one might want to delay Social Security: kzbin.info/www/bejne/fHzEgp2lgJV9as0si=-kqY8eylAv4UBn1j

[@josephjuno9555]

When I hear people talk about rake Soc Sec at 62 and invest it? They never talk about taxes? If they don't need it they pro. Have enough to make it taxable? Then they need to Net 8% to just break even? If they make 10% u risk alot to get maybe 2%? All your COLA wud be based on smaller monthly payments?

[@Dolphinfinancialgroupfl]

Indeed, the different taxation rules that apply to Social Security should not be overlooked.

[@MrGoodaches]

Frankly I was a bit disappointed with this vid. It was merely raising all of the issues to to consider. I already know these questions and considerations. I found and started watching this vid with hopes of finding a few math examples for weighing some of these issues. I’m sure them listening all questions will be useful to someone who is just beginning the when-to-begin inquiry. I’ve been retired 6 years and so far it looks like I’m stick with my plan to start SS at 65 later this year.

[@edwardpate6128]

Please run more scenarios for us folks who are single with no children.

[@Dolphinfinancialgroupfl]

Everyone has a different scenario that needs to be run separately. For a single person, there are less moving parts to consider, but the concept is the same. A single person's life expectancy is the biggest factor. We have many single clients that determine delaying to 70 makes the most financial sense for them. Without anyone depending on your retirement savings, spending those savings to delay SS might be "easier."

[@Jfhelwig]

Take it as fast as you can and protect your own investments

[@dancasey9660]

Only about $450/month between the wife and I when looking at Social Security. We're only six months apart, so we're thinking of her claiming at FRA, while I wait until 70. It's still about 3 years for us to reach FRA, so we'll decide then if waiting to 70 makes sense based on my health. Now assuming that people have more conservative portfolios as they approach retirement, why not switch from reinvesting dividends and capital gains, to taking them as a cash payment. You might get enough to cover a good portion of your living expenses without seeing your IRA portfolio shrink too much, if at all.

[@Dolphinfinancialgroupfl]

Considering you can currently lock in fixed rates above 5% annually, this is a reasonable strategy to consider.

[@lewharmon4253]

This is enough to make a pig sick. I don’t even think the financial professionals agree on this stuff.

[@colleenconger5265]

What a dorky question, “ do you know your Social Security number by heart” oh my goodness if someone doesn’t I think that would be pretty scary!

[@Dolphinfinancialgroupfl]

Tony excels at asking dorky questions.

[@deecee901]

Don't be surprised. In my field many do not know it.

[@theoracle10]

You really get lost in the weeds of a spouse and taking and investing it. The real/question problem is do you wipe out your IRA account to delay SS if you're single. What are the trade offs. I'd like to see you really explore this issue, and not for people with a million who can just spend it down, but people with a small IRA 100k to 300k where you would wipe out the IRA balance almost completely to wait for SS benefits. That's the real question your video doesn't answer

[@Dolphinfinancialgroupfl]

You describe the heart of true financial planning. If delaying Social Security requires a complete depletion of other assets, then there is even more reason get the decision right. You'll want to hire a financial planner to explore this very personal and important decision.

[@missouri6014]

It seems like all you KZbinrs give the example of taking out Social Security at 62 rather than at 70 I think the reason you do that is because the difference is dramatic. However, I wish you KZbinrs would do the same analysis, but with those who work till 65 or full retirement age, and I do believe you will find the difference less traumatic. Using me as an example I took mine at age 66 rather than my full retirement of 66 1/2. Best decision I ever made. If I were to draw down my million dollar IRA until I made 70 I’d have a heart attack watching that balance go down I think I’m not alone. Note for those who have 2 million and above that might not be as traumatic because you would still have 1.5 million left over so there’s a sweet spot in there as well I’m trying to say. Either way, I enjoyed the discussion and I am grateful for the preparation that you put into it. Thank you.

[@Dolphinfinancialgroupfl]

There are 96 different months one could claim benefits. We pick the first and last for comparison purposes. The math changes based on age, life expectancy, tax bracket, income need, assets, and emotional control. We hope viewers are learning the moving parts to apply to their own situation. You delayed your benefits for 4 years rather than 0 years or 8 years. Glad you found your sweet spot.

[@missouri6014]

Nice answer

[@richardhead3211]

that is what i have been doing. i retired at 60 with a ira. i get obamacre since my ira is taxable. i was going to ride my 401k till 67. then my brother dropped dead at 63 and he only got 1 ss check before he died. so i signed up for ss and now i am banking the ira money.

[@Dolphinfinancialgroupfl]

Sorry to hear about your brother. If you delay Social Security, you can always change your mind and start claiming should your life situation change as yours did.

[@jeffpierce3300]

Hi Dan, I left work at the Orange County Gov at the age of 65 to take care of my wife with cancer. I have a small pension of $1500 mth and my wife took her SS at 62 in the amount for $760 mth. Our 457B was only $300000+ and I have been withdrawing $2000 mth since 8/2023 in order to increase SS. I plan to take it at full retirement age of 66.8. My question is should I worry about taxes or delay my SS a couple more years? Thanks, love the videos.

[@Dolphinfinancialgroupfl]

Taxes might be an issue to consider since the brackets are scheduled to increase when the 2017 Tax Cuts expire in 2025. You might also consider Roth conversions. This situation is complex and will require a tax planning conversation to give an answer.

[@bigkahuna3085]

You should mencion protect your IRA while drawing it down, pulling out when the market is down is bad. Bond, MYGA, or CD ladder will help.

[@Dolphinfinancialgroupfl]

We've done many shows on the risks of creating income from sources that are at risk of going down: kzbin.info/www/bejne/nZfZp4upi7KmaMU

[@bigkahuna3085]

@@Dolphinfinancialgroupfl thanks 🥓

[@joerubalcava11]

No one knows when they are going to die, and if you die and your wife lives longer she will be able to getting your SS until she dies. My wife took hers at 62 then I waited until I was 66 because my family lives into their high 90’s

[@Dolphinfinancialgroupfl]

What held you back from waiting until age 70 to claim SS?

[@davidhankins5708]

Couple of things:you have to have a minimum income, currently around 14,000 for single and in the 20's for married on order to qualify for health subsidies with Affordable Care Act. Also you can offset the increased benefit for the survivor benefit or death benefit for your spouse by purchasing a term life insurance policy to offset the difference. I'm 60 now and am in the process of acquiring a term life insurance policy . 1800 year for $150,000.00 to age 90. I have a military pension of 2500 a month. Plan on taking social security at 63.

[@bhinbayoucity5691]

What about continuing to work full time (til age 70) to delay SS AND not spend down my 401k/IRA? Is that advised? Thats my plan...

[@Dolphinfinancialgroupfl]

If you enjoy your work, your plan makes sense. Most people come to us looking for a way to retire earlier than 70.

[@bernie9728]

It would be an easy answer if you had the one piece of information that you don't have. And that is, the date of your death. Without that little piece of information you are just guessing. If you don't have that information, then look at family history. If you have a history in your family of people living well past 80 years old, then you might want to take the risk of waiting. Without that history of living past 80 in your family it's makes the most sense to take the money early at 62. Don't be fooled by the more per month you get when you delay. Keep in mind the checks if you wait are bigger, but you will fewer of them. I took my money at 62 and I will get 48 more checks over the person who waits until age 66 and I will get 96 more checks than the per who waits until 70. Ask yourself one question. Why does Social Security offer that "incentive" to wait? Do they do it because they think it's better for you, or do they do it because it's better for them? Something to think about.

[@Dolphinfinancialgroupfl]

We did a show on this very topic: kzbin.info/www/bejne/bYjCY2Z4q7apmLMsi=CXHqkl6FhUuBcjwj

[@josephjuno9555]

I heard an advisor tell someone that wanted to leave $1 millions to his kids? Get a Life Insurance Policy for them and spend your IRA on Yourself!

[@Dolphinfinancialgroupfl]

Better yet, have the kids pay for the policy.

[@Newlinjim]

@@Dolphinfinancialgroupfl?

[@RickWalkerSaunders]

Correct, your kids won’t feel much value of the 1 million because they did not sweat for it but you did.They can easily spend that 1 million of things that won’t matter,be smart and enjoy it, you worked hard for it, your kids will have investments and their own ss.

[@imagesbyjk]

The thing these discussions always seem to ignore is what does taking SS do to your investments. After running the numbers with various scenarios we've found by taking SS early it allows us to leave more in our investments over a longer period of time and have more money over the long term. Is there a flaw in this strategy that I'm missing?

[@Dolphinfinancialgroupfl]

Perhaps. There is no "right" answer. Over time, the tax advantage growth in SS income becomes quite pronounced when delayed. When turning on SS at 70, you may be able to NOT touch your investments at all, allowing compounding growth. Also, the assumed return on investments is a big factor. What if your investments lose money, particularly in the beginning of retirement? What if your investment performance is poor and your early SS income isn't enough - that's a dangerous combination.

[@imagesbyjk]

Even at a modest rate of return of 5% we found by taking SS early we still had significantly more in our investments than if we spent them down in the beginning. So we could put all our money (not that we would necessarily) in CD's and be better off than waiting for the higher SS.

[@scottsinnott2636]

I use the Maximize my Social Security software but I am skeptical. How can there be 27,840 collection strategies? That number does not seem right. And the answer comes back to file at 70 which is what most financial advisors say anyway.

[@Dolphinfinancialgroupfl]

Are you skeptical of the claims made by the software vendor in how many calculations are made or are you skeptical of the recommendation to file at 70?

[@scottsinnott2636]

@@Dolphinfinancialgroupfl I am skeptical of both. I made a spreadsheet in a few minutes to calculate my breakeven point without consideration of the time-value of money. That is simple. How can there be over 20,000 strategies? What we really need is software that will use my info and my wife's info but also account for the returns we would make by filing for SS early and leaving that amount in our IRA.

[@bruceeigsti5274]

No... take ss early leave retirement alone

[@BRunner12]

Facts; Life expectancy at birth Both sexes: 76.4 years Males: 73.5 years Females: 79.3 years

[@Dolphinfinancialgroupfl]

Since the earliest most people can claim Social Security is age 62, one's life expectancy at at 62 (both sexes over age 80) is much more relevant than one's life expectancy at birth. www.ssa.gov/oact/STATS/table4c6.html

[@BRunner12]

@@Dolphinfinancialgroupfl true, which is about the break even point for taking it at 62, the upside is in the 80s when folks spend less money

[@Laura-kb5sr]

@@BRunner12 Unless folks have increased healthcare needs (related to personal care) then, which many (most?) will

[@BRunner12]

@@Laura-kb5sr it seems to make sense but in reality no, most seniors want and do stay independent with some needing to move to a home for the last couple years, a little higher social security is not going to matter to cover that

[@Laura-kb5sr]

@@BRunner12 I'm also thinking of people staying at home mostly independent--but maybe wanting to hire a home health aide a few times a week to help with bathing and laundry, or hiring someone to help temporarily for a while after each surgery and hospitalization. My point is not to assume that expenses will stay low in the super-senior years just because traveling etc stops. Higher monthly income absolutely helps with that.

[@jtixtlan]

At 62, I have many years of work, and many years as SAHM with no income, or part time jobs. Husband is 64 with no plan to retire soon. I was told I can collect SS at his rate until he retired and then when he retires I would be reduced to SS based on my own earnings. It this true?

[@Dolphinfinancialgroupfl]

That's not how it works. You would claim your own benefits and maybe get a spousal step-up when your husband begins claiming benefits.

[@susieq9186]

Spouse only cares about himself and filed early. I'm on my own should he die, so I'm trying to work as long as I can to get some delayed social security. It won't work out for me, but that is ok. I don't have to drawn down our savings and should I by some miracle reach age 70, I will most likely bring in as much as I was working since I won't have to pay FICA tax, Medicare tax, and only have to pay tax 85% of my social security.

[@Dolphinfinancialgroupfl]

Many people took SS early without considering Survivor Benefits for their spouse.

[@keywestjoe1]

Why delay if the 401k can have big gains? If i deduct 25k in a year, and it could have grown considerably if i collected instead, i would lose a ton

[@Dolphinfinancialgroupfl]

What IF you have big losses in the 401k?

[@sailfishski]

Show us the 8 year down side plus lose assets to get there

[@Maximus1351]

1. I don't like panel discussions. They tend to waste time being nice to each other and clever (or funny). 2. The guy on the right brought nothing to the discussion. He's just a hype man.

[@Protogen82659]

Great video.... I know I fall into that category of having 'money in the bank'....but little retirement income so for me, too withdraw from my IRA at age 67 and live off of until 68 or? , makes sense. That increases my SS as I delay it, allows me to live off some of my IRA, reduces future RMD's from those same IRA's... Well stated. Oh, another thing to think about as you mentioned regarding health insurance etc, is that we are one of those minority (really? I think more than you think), that are purposely not 'getting married' because marriage would effect the health insurance subsidy she is receiving being currently enrolled in Obamacare. Makes no sense. We still get the subsidy for her health insurance instead of being married and counting my current working income. Just wanted to mention

[@Dolphinfinancialgroupfl]

More and more are delaying marriage for healthcare subsidy reasons!

[@sailfishski]

You will be more then happy to draw more rmd amounts then less , means you have larger nest egg to sleep on!

[@jwall62]

Explain 9:37, why delay until 70, it doesn't increase survivor benefits.

[@Dolphinfinancialgroupfl]

Delaying your benefit DOES increase the Survivor Benefit your survivor would receive. Delaying might not benefit you, but it will increase the benefit your spouse would receive at your death.

[@jwall62]

@@Dolphinfinancialgroupfl hmm, was not aware of that. I thought everything was just based on FRA benefit. Lots of conflicting information out there.

[@jwall62]

@@Dolphinfinancialgroupfl would the surviving spouse also need to wait until they are 70 to collect the full amount or would they be able to get it at their FRA?

[@Dolphinfinancialgroupfl]

@@jwall62 full survivor benefit at FRA. There are no delayed retirement credits if you delay survivor benefit past your FRA so it makes no sense to delay after reaching FRA.

[@jwall62]

@@Dolphinfinancialgroupfl thanks, I went back to 3 prominent ‘Social security expert’ channels and all said survivors benefit was only eligible Up to the deceased spouses FRA, so thanks for the info.

[@josephjuno9555]

Small majority of people? 🤔

[@johngoldfarb3655]

He corrected himself moments later.

[@josephjuno9555]

@johngoldfarb3655 yes, I know, I saw the entire video. I just thought that was a funny phrase.

[@bruceeigsti5274]

Tell me I'll make it to 70 then I'll decide😊

[@samzach2057]

No way. Take social security as early as possible, and leave your unused savings to your heirs.

[@gloriahall4394]

Yes, so the nursing home can take UT away .

[@gloriahall4394]

It

[@roberts.1400]

I'm filing for SS earlier than I originally anticipated ... Drawing down on my 457b / IRA in a down market seems like a guaranteed losing bet due to sequence of returns risk. I'll take SS at 64 not FRA using an early filing for SS to delay portfolio withdrawals as a strategy against getting caught up in a negative spiral that's hard to recover from. I know there are RMD's and tax implications but right now drawing down from a portfolio in 2023 seems like a bad situation that should be avoided if at all possible ...

[@Dolphinfinancialgroupfl]

Sequence risk is real. If you are delaying SS, you need a drawdown plan ahead of time. Money you need while delaying SS is often best left out of the market since the need is short term. Here is a show on retiring during volatile times: kzbin.info/www/bejne/qH6uhKt8lsx7hMUsi=o0QlffA7zxzfVqQW

[@Calventius]

To much small talk

[@jeffl.oliverson6690]

To long and boring. I’ll go watch some paint dry.

[@markbajek2541]

What color?

[@Newlinjim]

@@markbajek2541earth colors dry faster.

[@wlc2195]

My husband and I are 66, plan to retire in 2024 (67). Should we wait taking s.s till 70 to maximize the Roth conversion?

[@Dolphinfinancialgroupfl]

You should have a very specific SS claiming strategy before retirement. Oftentimes it makes sense for at least one of you to delay to 70. You should contact us to run a Social Security Maximization Report. The Roth conversion conversation is also complex and should be thought out in advance.