6 Tax Strategies for Retirement

Retirement requires many adjustments. Your allocation to stocks and bonds, your tolerance for risk, the management of your time -- all might need adjustment in retirement. Tax planning is another area that needs attention.

Nationwide Retirement Institute's recent survey found 70% of recent retirees are only "somewhat knowledgeable" or "not at all knowledgeable" about tax planning in retirement.

In your working years, often the only major tax strategy to consider is maximizing contributions to your retirement plan at work, thereby decreasing your taxable income. In retirement, there are more choices about where to pull