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The pros and cons of Roth Individual Retirement Accounts (IRA), which were introduced 20 years ago, are well understood. All money flowing into Roth IRAs is after-tax, so there is no upfront tax benefit. As a tradeoff, all qualified Roth IRA distributions can be tax-free, including...

In 2018, the maximum Social Security benefit for a worker retiring at full retirement age is $2,788 a month; that is $33,456 a year. For people born from 1943 to 1954, full retirement age is 66. For those born later, full retirement age gradually increases...