5 Strategies to Help You Hold on to More of Your Money in Retirement

Some savvy retirees could pay 0% in capital gains taxes if they manage their incomes right. Others could avoid paying hidden Medicare taxes with the help of Roth IRA conversions. It’s all about tax planning.

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Preparing for retirement requires a lot of adapting — not just emotionally, but financially. The closer you get, the more important it becomes to look at your budget, your asset allocation and where your income will come from when you’re creating your own paycheck.

It’s also critical to make tax efficiency a priority in your planning.

Disclaimer

This article was written by and presents the views of our contributing adviser, not the Kiplinger editorial staff. You can check adviser records with the SEC or with FINRA.

Disclaimer

This article was written by and presents the views of our contributing adviser, not the Kiplinger editorial staff. You can check adviser records with the SEC or with FINRA.

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Troy Sharpe, Certified Financial Planner
Founder and CEO, Oak Harvest Financial Group

Troy Sharpe is the founder and CEO of Texas-based Oak Harvest Financial Group. In 2023, Investopedia named Troy a top 100 adviser in the country. He holds a Series 65 license as well as a Texas life insurance license. Troy earned his bachelor’s degree in finance from Florida State University and completed his Certified Financial Planning certification at Rice University. He completed his Certified Private Wealth Advisor coursework through the Yale School of Management.