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collage of overlapping blue tops of Social Secuirity cards (Photo: Shutterstock)

Today, more retirees understand the value of maximizing their Social Security benefits by delaying collection up to as late as age 70. This sudden increase in retirement income, and potentially even greater amounts at age 72 when required minimum distributions (RMDs) begin, can trigger higher taxes that retirees may not have anticipated. As an advisor, how do you help your clients plan for this tax increase? 

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