Hey, Retirees: Looking for a Tax-Free Source of Income?

Generating retirement income has rarely been as challenging as it is right now, thanks to a combination of market volatility in the midst of the coronavirus, low interest rates, disappearing pensions and an uncertain future for Social Security.

This is no time to be stuck in "conventional wisdom" paradigms.

For example, despite the popularity of 401(k)s and IRAs, it can be risky to save almost exclusively in tax-deferred retirement accounts. The strategy of putting off paying taxes as long as possible, which seems so appealing in one's working years, can result in a significant tax burden for retirees, or for the beneficiaries who inherit those accounts.

On the other hand, tools that may have developed a bad reputation in the past, such as reverse mortgages, may deserve a second look. While their history of misuse is