For years, policymakers in both parties have raised questions about taxes on Social Security. Still, eliminating them could create problems for future beneficiaries.

If you're strategic about your retirement account withdrawals, you can potentially minimize the taxes you'll pay on your Social Security benefits.

Social Security is one of the more important social programs the U.S. offers. Since retirement benefits began in 1940, Social Security has helped keep hundreds of millions of people out of poverty, including many of the 52 million who currently receive benefits.