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Retirees Urged to Plan Taxes Before April

Original: Retirees Who Wait Until April to Think About Taxes Miss the Moves That Actually Save Money

Retirees who wait until the April tax deadline to think about taxes miss out on the moves that actually save money, according to personal finance guidance from 24/7 Wall St. The advice points to year-end and early-year strategies — such as managing withdrawals and timing deductions — that can no longer be executed once the filing season arrives, making early planning the key to lowering retirees' tax bills.

Why now: Tax planning season prompts attention to money-saving moves retirees must make before the April deadline.

24/7 Wall St.retireesIRS

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