You and your spouse both have good retirement plans through work and you both receive good Social Security checks based on your own incomes- If your goal is to maximize the size of your annuity check every month, which option should you choose?

Retirement planning refers to financial strategies of saving, investments, and ultimately distributing money meant to sustain oneself during retirement. Many popular investment vehicles, such as individual retirement accounts (IRAs) and 401(k)s, allow retirement savers to grow their money with certain tax advantages.