Putting money into retirement accounts can be a smart way to create a nest egg for your future self. But a tax-efficient retirement plan goes beyond focusing on how much to save and what investments to buy. Being strategic about where you put your money can help minimize your tax bill during retirement.

Some factors will be out of your control, such as whether tax rates or Social Security payments change in the future. Even so, incorporating tax planning can be an important part of managing your finances and preparing for retirement.