Many people imagine that when they finally walk away from the workforce, they’ll be done with taxes as well.

However, Social Security taxes are a burden that retirees still have to deal with. But there are some strategies you can use to reduce these costs. Doing so can help you enjoy more of your own money in your old age.

For state taxes, it largely depends on where you live. 41 states don’t tax benefits, which makes them more appealing as retirement destinations than the 9 that do.

As for federal taxes, you can use the strategy discussed here to reduce or eliminate this cost in retirement.

Do you have a strategy to save on taxes in retirement? Let us know, and follow us for more tips like this. You can also catch us on Facebook and Twitter for weekly content.

And don’t forget – taxes aren’t the only threat to your retirement income. Poor management of Social Security by policymakers has shortchanged seniors for decades. Sign our petition to make Congress guarantee yearly cost-of-living adjustments (COLAs) and reimbursement for years skipped.