How to Manage Taxes in Retirement

Here are some tips on how to manage taxes in retirement;

  • To stay within the 15% income tax bracket: maximum annual income = single, $37,950; married filing jointly, $75,900.
  • Investors can harvest capital gains with a zero tax rate as long as their income stays in or below the 15% tax bracket.
  • To help reduce retirement tax liability, traditional IRA owners can conduct partial conversions to a Roth each year in amounts low enough to remain in the lower tax bracket.
  • Drawing down income from taxable accounts first allows tax-deferred accounts to compound growth as long as possible.


The content provided here is designed to provide general information on the subjects covered. It is not, however, intended to provide specific legal or tax advice.  Contact us at or call us at (952) 460­-3260 to schedule a time to discuss your financial situation and the potential role of investments in your financial strategy.

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