3 Strategies for Retirees to Lower Their Tax Bills

·4 min read
3 Strategies for Retirees to Lower Their Tax Bills

To minimize taxes in retirement, here are three tax strategies that can help you keep more of your hard-earned money. When you spend $1 of retirement money, the cost to you could be as much as $1.59 (depending on your tax bracket) because you may have to pay income taxes on the amount you withdraw. Tax-efficient investments such as index funds and ETFs should be put in taxable accounts.

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting