Ensure cream cheese and butter are at room temperature.
In a mixing bowl, combine the cream cheese and butter.
Beat with an electric mixer until creamy and smooth.
Add vanilla extract and a pinch of salt, mixing well.
Gradually add powdered sugar, mixing on low speed.
Increase speed to medium-high and beat until light and fluffy.
Check consistency; add milk if too thick.
Taste and adjust sweetness by adding more sugar if needed.
Use immediately or store in the refrigerator.