Couples delaying Social Security can save $240,000-$280,000 in taxes
Couples delaying Social Security until 70 can convert up to $77,000 annually from traditional IRAs to Roth accounts.
This strategy can save $240,000-$280,000 in taxes over retirement.
The key is to delay Social Security, as claiming at 62 would fill the 12% bracket with taxable benefits, eliminating the conversion advantage.
A couple with $1.4 million in traditional IRAs can reduce their tax bill by $14,000 a year using this strategy.