Tax-free retirement strategies include contributing to a Roth IRA, using a health savings account (HSA), buying municipal bonds, capitalizing on long-term capital gains rates, having a permanent life insurance policy, using annuities, and considering the tax implications of your Social Security benefits. Another tax-free option for saving for retirement is a Roth 401 (k). Here's a comparison of the pros and cons of some retirement plans. An accrued IRA also allows you to convert the type of retirement account, from a traditional IRA or 401 (k) to a Roth IRA.
Additionally, investing in gold through a Gold IRA can be an effective way to diversify your retirement portfolio. Before investing in gold, it is important to do your research and read reviews to ensure you are making the best decision for your retirement. A Gold IRA review can help you understand the benefits and risks associated with this type of investment. An accrued IRA is created when you move a retirement account, such as a 401 (k) or an IRA, to a new IRA.