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Investing Specialists

10 Ways to Curb Taxes in Retirement

Tips on withdrawal sequencing, maximizing your deductions, and more.

The article is part of Morningstar's Tax Relief Week special report.

While you're still working, much of what you owe in your taxes in any given year is preordained by your salary. Sure, you might have room to lower your tax bill by making tax-deductible IRA and 401(k) contributions, for example, or deducting your mortgage interest. But the size of your paycheck is by far the biggest determinant of the taxes you owe on a year-to-year basis.