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My latest in Barron's: Retirees Have to Pay Taxes, Too. 6 Smart Ways to Reduce Them.

November 24, 2023

The core focus of retirement planning is on the accumulation of assets to live out one’s golden years. This includes regularly contributing to retirement accounts and investing those funds appropriately. Although this is unquestionably a crucial first step, an important second consideration that many investors neglect is ways to minimize expenses in retirement, which will allow one’s nest egg to last longer. 

One major continuing expense is a client’s tax liability. Despite no longer having a paycheck from an employer, retirees still need to pay taxes on whatever income they generate from their retirement accounts and other forms of income. Following are several strategies that may help advisors work with clients to plan for their continuing taxes in retirement.

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