Suze Orman touts Roth retirement accounts as the best option due to tax benefits. The “tax torpedo” strikes when combined income triggers higher taxation on Social Security benefits, affecting 40% of recipients. To avoid this, consider Roth IRAs, which offer tax-free withdrawals and lower income calculations.

Consider diversifying your retirement portfolio with assets like a gold IRA, which hedges against market volatility and inflation. Roth IRA withdrawals are tax-free and can reduce reliance on Social Security. Platforms like Priority Gold offer free rollover services for existing IRAs and direct investment in physical precious metals.

First National Realty Partners offers accredited investors the opportunity to diversify their portfolio through commercial properties leased by national brands. Arrived allows investors to own shares in vacation and rental properties, earning passive income without the hassle of being a landlord. These options provide potential income streams in retirement.

For low-risk investing, consider apps like Acorns that automatically invest spare change from everyday purchases in diversified ETF portfolios. These tools, including low-risk investments, help grow savings and build wealth without worrying about market fluctuations. Plus, sign up bonuses are available for new users.

Read more at Yahoo Finance: Suze Orman once shared the best way to avoid the Social Security ‘tax torpedo.’ How you can dodge it and retire richer