How to save on income taxes when you're retired | Tampa Bay Times "This year, holy cow, we were in the 15 percent tax bracket for the first time in probably 30-something years," said Clark, who retired after a 40-year career in the oil and gas engineering industry. "That is pretty sweet." When the paychecks stop coming, minimizing the tax bite becomes even more important. There are several strategies that can help, but they are not always obvious. Manage tax brackets: You will need different types of retirement accounts to work with, including a traditional 401(k) or IRA (tax-deferred), a Roth IRA (money is withdrawn tax-free) and taxable investment accounts. That way, you can strategize about what to draw from in a given year and better manage how much of your income is taxable. One approach is to simply start spending down traditional IRA accounts first perhaps while delaying taking Social Security. By doing that, the eventual required minimum distributions will be lower. For those w

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