Having a larger retirement income is great; having a larger tax-free retirement income is even better. Keep in mind that for most people, you will owe taxes on your Social Security, 401(k) withdrawals, pension income, and many other ways you can earn income in retirement. Keep reading as we share six strategies to get more tax-free income in retirement.
Over the past 20 years, I have helped numerous people reach financial freedom. This is the day work becomes an option. If you love what you do, continue working, all the while knowing you could retire any time you so choose. Part of this process often includes tax planning to help minimize the drag of taxes on your retirement income.