For retirees over age 65, it's more important than ever to take full advantage of every available tax break. That's especially true if you're on a fixed income. After all, some retirees have to stretch out their retirement savings to help cover finances for the rest of their lives.
But holding on to your money during retirement is easier said than done. That's partly because of how different types of retirement income are taxed. As a result, retirees, who sometimes miss valuable tax-saving opportunities, must pay close attention to their tax situation.
