Four on Keeping Taxes Low in Retirement

June 17, 2014

A Lincoln Financial Group survey shows that retirees are missing an important part of planning for retirement, and are neglecting to plan for the related taxes. Here are four tips for keeping the tax bill low when planning for retirement:

Go into retirement without debt
Have a varied tax status
Plan for which accounts to withdraw from first
Lower Adjusted Gross Income

See Kathryn Buschman Vasel, 4 Tips for Reducing Your Taxes in Retirement, Fox Business, June 6, 2014.

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Estate Planning - Generally, Income Tax and Non-Probate Assets