LESS TAX, MORE JOY: SMART STRATEGIES FOR WOMEN NAVIGATING RETIREMENT

Life transitions can throw your finances for a loop—whether you’re newly single or adjusting to life without a partner.

Retirement might feel like a distant goal, or perhaps it's suddenly at the forefront of your mind.

Wherever you are in your journey, planning ahead to reduce taxes means more freedom to do the things that bring joy—like traveling, treating yourself and your family, or simply creating a sense of security.

Here are some strategies to help you keep more of your savings while enjoying retirement:

1. Converting Accounts: Pay Now, Gain Freedom Later

If you're coming out of a divorce or recently widowed, you might be reevaluating your retirement accounts.

Converting a traditional 401(k) or IRA into a Roth account could be a great way to simplify things—and set yourself up for fewer tax headaches in retirement. Yes, it means paying taxes on the converted amount now, but every dollar you save on taxes later will feel like a gift to your future self.

Think of it as making things easier down the line—one less thing to worry about so you can focus on enjoying life’s next chapter.

2. Get Smart with Social Security and Divorce Benefits

Social Security can be tricky, but for divorced women, there are additional opportunities to maximize it.

Did you know that if you were married for at least 10 years, you may be eligible to collect benefits based on your ex-spouse’s earnings? And if you wait until full retirement age to collect, it won’t affect their benefits one bit.

Timing also matters—delaying Social Security while managing other income sources could reduce your tax burden. With the right strategy, you’ll keep more in your pocket where it belongs.

3. Use Investments Wisely to Maximize Gains

Transitioning to single life often means revisiting your investments.

Whether you're receiving a settlement or managing your own portfolio for the first time, tax-smart investing is key.

Long-term capital gains—such as from stocks held over a year—are taxed at lower rates.

And if you own real estate, depreciation can offset some taxes while keeping your rental income working for you.

The goal is to ensure that every investment decision brings you closer to financial freedom—one intentional step at a time.

4. Give Back—and Get a Tax Break

Many women find purpose in giving back, especially after life-changing events.

Whether it’s supporting a charity close to your heart or honoring a late spouse’s legacy, charitable donations can offer both emotional and financial rewards.

If you're over 70?, making a qualified charitable distribution (QCD) directly from your IRA is a powerful way to give while reducing your tax bill.

Giving back becomes not just a way to support others but also a meaningful part of your financial plan—letting your generosity shine while easing your tax burden.

Take Control of Your Retirement—One Step at a Time

Financial transitions can feel overwhelming, but taxes don’t have to add to the stress.

By using strategies that align with your unique situation, you can keep more of your savings where they belong—working for you.

You’ve already weathered life’s challenges; now it’s time to thrive.

Every dollar you save can help create the life you deserve and make your retirement years as joyful as possible.