How to Minimize Taxes in Retirement

Key strategies include: drawing from taxable brokerage accounts first to allow tax-advantaged accounts to continue growing; executing Roth conversions in lower-income years before RMDs begin to reduce future taxable distributions; using Qualified Charitable Distributions (QCDs) from your IRA after age 70.5 to satisfy RMDs without the withdrawal counting as taxable income; harvesting capital losses in taxable accounts to offset gains; and timing large expenses or income events to stay within favorable tax brackets. Holding investments with high growth potential inside Roth accounts and keeping income-producing assets in tax-deferred accounts can also reduce annual tax drag. Georgia residents benefit from a retirement income exclusion of up to $65,000 per person at age 65, providing additional state-level relief. Because every retiree’s account mix and income sources are different, personalized tax planning is far more effective than any one-size-fits-all approach. Moore Invested works with clients to build year-by-year tax strategies throughout retirement.

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