Reported about 1 month ago
Maximizing retirement savings involves not just how much you earn, but also how much you keep after taxes. This article outlines four effective strategies to minimize taxes during retirement: utilizing the 'rule of 55' for penalty-free withdrawals from 401(k) plans, transferring 401(k) funds to a Health Savings Account (HSA), managing capital gains to remain within the 0% tax bracket, and considering Roth IRA conversions when the market is down. Consulting a financial advisor is recommended to tailor these strategies to individual circumstances.
Source: YAHOO