Use Other Tax-Advantaged Vehicles:Investing in tax-advantaged vehicles such as municipal bonds, Roth IRAs, or529 college savings planscan also reduce your MAGI. If you're looking to generate income but also want to minimize taxes, be mindful how you hold the investments. Harvest Capital Losses...
College savings plans permit investors are commonly invested in a pre-approved list of mutual funds. Many of these funds are age-based funds, which operate similarly to target-date funds. As the child ages and the date on which tuition must be paid approaches, the asset allocation becomes mor...