It's a minimalist Monday edition of Optimal Finance Daily, episode 1200, a surprising contender for

tax-efficient retirement saving by Darrow Kirkpatrick of Can I Retire Yet.com.

And I'm Dan, I'm your host and hope your week is off to a great start. Happy Monday.

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A surprising contender for tax-efficient retirement saving by Darrow Kirkpatrick of Can I Retire Yet.com

Samuel Foote, a famous British comedic actor of his time, was chatting with a member of the Royal Court.

The entitled aristocrat complained bitterly of having been thrown out a second floor window for cheating at cards.

Foote's advice? Don't play so high. One secret

to successful retirement saving in addition to getting started is to avoid paying

taxes, especially in high income tax brackets.

When you put your retirement money into play at higher tax rates, the government gets more of

it. If instead you can limit or smooth out your income, staying out of those high tax brackets, you'll keep more of your money

over time. The conventional advice is to do your retirement saving in tax advantaged accounts,

such as traditional and Roth IRAs and 401k's.

Your savings will simply grow faster when liberated from an annual tax levy.

That conventional advice makes sense in almost all cases,

and most of us have accepted it without much question.

But I recently found myself wondering about that conventional wisdom.

...