How to Lower Your Retirement Tax Rate to Less Than 10%

Is it true that retirement changes everything?

No, not literally. But it does significantly change many aspects of your finances, and the more you understand your new situation, the more money you will have available to spend or save.

How you set up retirement income to be taxed is complex -- and a big part of retirement success.

I am surprised myself, in fact, by how much there is to learn. I've been studying annuities and retirement plans for 40 years and recently discovered calculations nestled within IRS schedules that might change your own plans for retirement. An important discovery was how taxes on one source of income, like dividends, are driven by how much a retiree has in another source, like taxable interest.

Know your retirement tax rate

Before we get into the nitty-gritty of how this retirement tax strategy works and whether it's right for you, you need to know the answer to this question: What is your true tax