3 Powerful Tax Strategies for Retirees

Saving money in your 401(k) and IRA is probably what got you to retirement, but being smart about how you manage those funds once you get there can make a big difference in your tax bills over the years.

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Retirees often overlook tax planning. This typically is because retirees are in one of the lower tax brackets and are living on fixed incomes that don’t provide a lot of tax or financial flexibility.

But there are strategies that can lower the overall tax burden and enable seniors to sleep at night. Let’s take a closer look at three essential planning ideas.

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Paul Sundin, CPA
Partner, Sundin and Fish, PLC

Paul Sundin is a CPA and tax strategist. With a worldwide client base, he specializes in tax planning and tax structuring for individuals, entrepreneurs and the real estate industry. In addition to being a CPA, he is also an author, speaker and consultant. His professional mission is to educate taxpayers on tax strategies and personal finance.