Preparing for retirement isn't just about accumulating enough savings. It's critical to consider your overall tax picture, as well. You can't always assume that you'll have a lower tax rate in retirement — especially if most of your funds come from a 401(k) plan, traditional individual retirement account or other taxable income sources.
To help you keep more of your income in retirement, I'm proposing a strategy called tax mapping. This can involve shifting some beaten-down assets from tax-deferred status to tax-exempt status or, more generally, redirecting investments into tax-favored categories before retirement.