How to retire with tax free income avoid tax increases to reduce the debt june 9 2015 comment use a tax free account to protect all your earnings and gains earn 10 12 on your retirement money with no taxes or fees spend 8 of your nest egg free of income tax annually avoid tax on up to 85 of your social security benefits turn your . How to retire with tax free income avoid tax increases to reduce the debt steeple mba law amazoncomau books. This may be the best tax free income ever rental real estate investments if you invest in rental real estate the net income from the rental is taxable as ordinary income however by the time you deduct expenses including depreciation you may have little or no rental income to pay tax on. To make it easier to get tax free income in retirement its useful to live on less money if you need less money you wont have to withdraw as much from your retirement accounts. The ideal goal is to have your taxable income below 46000 regardless of how much cash you get this is the lowest tax bracket even better if it is under 25000 for a single person or under 37000 total for a married couple you can also receive the tax free guaranteed income supplement gis