My wife is turning 66 and I am 72 and collecting SS. We are both still self employed and want to know if there is a tax deferred or tax free vehicle that we can put our social security income into at this age. Thanks for your help and suggestions.

Look for flexible premium equity index annuities or fixed annuities. Also, if you are self employed, poor as much as you can into a SEP. You can also buy Muni bonds, just make sure you don't have any AMT issues.