Welcome to a new week and a new theme here on the One Minute Retirement Tip! 

This week I’m talking about how to lower your tax bill in retirement. 

If you are like 101% of Americans, you would like to pay less in taxes. So this week, I’ll be sharing with you 5 tax-smart strategies to help you lower your tax bill in retirement. 

We’ll talk about how you can effectively utilize HSA and Roth accounts, as well as be smart about asset location and withdrawal strategies in retirement to keep that tax bill low. I’ll also share with you how you can be smarter about your donations by utilizing donor-advised funds, and how making donations directly from your IRA accounts in retirement could save you thousands in taxes. 

And if you have no idea what I mean by donor advised funds or asset location - that’s ok. Just be sure to listen in each day this week, where I’ll break down the what and the how of each tax-saving strategy to explain how it all works and help you decide if each of these strategies makes sense for you. 

That’s it for today. If you know someone who is close to retirement and needs to hear this week’s message, please share this podcast with them and encourage them to check it out by adding it to their flash briefing in Alexa or subscribing wherever they listen to podcasts!

Thanks for listening. My name is Ashley Micciche and this is the One Minute Retirement Tip.

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