Retired or About to Retire? Think Carefully about Your Tax Strategy

Contributing sentiments towards policy:

64% : Don't be so quick about deciding when to take Social Security benefits or 401 benefits.
60% : And taking Social Security benefits earlier than needed could result in receiving a lot less every month than if you'd waited until the maximum age of 70.
55% : NEW YORK (AP) - Coming up with the best tax strategy in retirement can be much trickier than it seems, and tax pros agree it's a time when people need to be especially careful to look at their entire financial picture before deciding on things like 401(k) withdrawal amounts and timing, or when to begin taking Social Security.
47% : It may save you a lot in tax dollars," says Tom O'Saben, director of tax content and government relations at the National Association of Tax Professionals.

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