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These tactics will protect retirement income from taxes

Source: cnbc.com/2017/06/28/these-tactics-will-protect-retirement-income-from-taxes.html - Jun 28, 2017

Financial advisors can deploy a variety of strategies to decrease the toll that taxes can take on retiree clients' portfolios. The following are three areas of focus.

Income: Sources and timing of income can affect tax liability.

Retirees with large taxable investment accounts should utilize qualified dividends, long-term capital gains and tax-free municipal bond income, said James A. Daniel, certified financial planner and owner of The Advisory Firm.

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Category: General Business