5 Strategies for Tax Planning Now and in Retirement

Tax planning is one of the best things you can do to keep more money in your pocket in retirement. There are specific things to consider when planning for your taxes in the future.

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Long-term tax planning is one of the best things you can do to boost your income in retirement, however, it’s often overlooked. To change that, when thinking about tax planning, choose to think of it as tax saving instead.

Here are some moves you can make now and in retirement to better control how much money you owe come tax time.


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.

Tony Drake, CFP®, Investment Advisor Representative
Founder & CEO, Drake and Associates

Tony Drake is a CERTIFIED FINANCIAL PLANNER™and the founder and CEO of Drake & Associates in Waukesha, Wis. Tony is an Investment Adviser Representative and has helped clients prepare for retirement for more than a decade. He hosts The Retirement Ready Radio Show on WTMJ Radio each week and is featured regularly on TV stations in Milwaukee. Tony is passionate about building strong relationships with his clients so he can help them build a strong plan for their retirement.