8 – Minimize Taxation
Minimizing taxes is on everyone’s list: before, during and after
retirement! Tax-smart strategies encompass the kind of income
you receive, when it’s received, gifting (both lifetime and
testamentary), and “income with respect to a decedent”.
And don’t forget, tax laws change in Congress’ never-ending
pursuit to raise revenue.
- Tax-free municipal bonds
- Capital gains
- Charitable giving from appreciated assets
- Charitable giving from IRAs as an offset to Required Minimum Distributions
- Charitable Income and Remainder Trusts
- 1031 tax-free exchanges