Three Ways to Pay Less Taxes to Uncle Sam

Retirees especially could benefit from these tax-efficient strategies that focus on what you leave your heirs and what kind of accounts your money is in.

A retired couple laugh together as they hike through a wooded area.
(Image credit: Getty Images)

Most people recognize that paying taxes is necessary. The money helps build and maintain highways and other infrastructure. It helps fight crime and keeps several important institutions operating. It helps defend the country.

But people also recognize this: No one wants to give Uncle Sam more money than necessary, especially since all of us have our own uses for that money.

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This article was written by and presents the views of our contributing adviser, not the Kiplinger editorial staff. You can check adviser records with the SEC or with FINRA.

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Matt D’Amico
Financial advisor, Networth Advisors LLC

Matt D’Amico is a financial advisor with Networth Advisors LLC, in Canonsburg, Pa. Previously, he worked at New York Life & MassMutual, where he earned his life, accident and health insurance licenses. D’Amico realized his passion for finance in college when a mentor exposed him to the industry. He is driven to help guide pre-retirees and retirees in making financial decisions that can help make a difference in their lives.