4. Be conscious of your well-deserved tax breaks
Being aware of the wide number of tax breaks available leads you one step closer to achieving financial independence during retirement.
There is plenty of favorable treatment for seniors when it comes to paying taxes. For instance, when referring to the standard deduction for those who are actually 65 or older, you can benefit from $1,650 as a single filer and no more than $1,300 for joint filers.
Look for other great tax perks; you might be surprised to see how many apply for you as a retiree.
