Though taxes might not be the first thing you think of when it comes to how you want to spend money in retirement, planning strategically can mean more funds for the things you love. That's why when you're budgeting for retirement, it's important to factor in how much of your money will be going to the IRS each year.
Social Security: Proposal for $2,400 Extra in Checks Expanded and Reintroduced in Congress
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Reducing your taxes after retirement can help you reduce the savings you need to retire in your state. See how you can maximize your retirement savings.
This article originally appeared on GOBankingRates.com: 10 Brilliant Ways To Reduce Your Taxes in Retirement
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