Tax planning is a key part of effective wealth management. Depending on your unique financial situation, there can be numerous opportunities to strategically reduce your taxable income and prevent a significant chunk of your hard-earned money from unnecessarily going to the government.
It is especially important to avoid big tax hits in retirement, when your income will likely be fixed and a larger-than-expected tax bill can throw off your retirement budget. This Kiplinger article highlights three strategies you can use to reduce your tax risk in retirement.
Click here to read the article.
This communication is for informational purposes only. No content or reference to a third-party article is intended to be a recommendation for the sale or investment in any product, strategy or service nor should it be perceived as individual advice. This commentary does not necessarily reflect the opinions of all employees or XML Financial Group and its affiliates (“XML”). XML is not responsible for any actions taken related to this information.
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