Council Post: 15 Strategies For Building Tax-Free Retirement Income

Contributing sentiments towards policy:

45% : - Brian Niksa, Capstone Financial Advisors, Inc. A little-known but effective strategy to create tax-free income in retirement is investing in a health savings account (HSA).
44% : - Anthony Williams, Mosaic Financial Associates Start early; whether in the U.K. or the U.S., utilizing tax-free ISA allowances and pension or 401k contributions from a relatively young age maximizes your ability to build up tax-free later-life income.
42% : Jaime Raskulinecz, Next Generation Trust Company Contributions to health savings accounts, Roth IRAs, Roth 401(k)s and investing in municipal bonds can provide tax-free income.
42% : Similarly, in the United Kingdom, ISAs (individual savings accounts) allow for tax-free interest, dividends and capital gains.
42% : - Pankaj Vasani, Cube Highways InvIT Utilize investments that offer tax-free income at distribution, of course!
42% : These vehicles used together will not only provide tax-free income but also varying levels of market exposure which, depending on time frames, is important.
40% : In the U.S., Roth IRAs provide the benefit of tax-free returns on investments, while HSAs (health savings accounts) offer triple tax advantages for medical expenses.
40% : Frankie DiAntonio, Lexington Capital Holdings Some of the best sources for tax-free income during retirement are government utility and bond funds and income-producing real estate in opportunity zones that have strong depreciation shelters.
36% : - Joshua Sherrard, Strategic Navigators Inc. Roth IRAs and HSAs are great vehicles for tax-free income later.
33% : Louis Cannataro, Cannataro Family Capital Partners A great strategy for tax-free income is the use of IRS code 7702.

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