As you prepare for the future, don’t forget to consider taxes. Your tax liability during retirement can make or break your budget — and your ability to live comfortably.
If you want to reduce your tax liability during retirement, here are 3 strategies to consider:
Evaluate Your Income Needs
Just because you’re retired doesn’t mean you aren’t going to be taxed. Consider your income needs, and try to adjust to meet them. If you can reduce your expenses so that a smaller income will do, you can save money on taxes in a number […]