This is an article that discusses something I haven't seen much about, how to manage income taxes in retirement. The strategies are quite different than in your working years.
How is that possible? The main thing to understand: When it comes to your income, the government doesn’t tax every dollar equally. In fact, some dollars don’t get taxed at all. If you know the rules and are able to structure your income wisely, you could find yourself enjoying a high standard of living in retirement—without paying much tax at all.