Fidelity offers a list of major money moves to help make retirement more financially comfortable. The Tax Cuts and Jobs Act caused most Americans to stop itemizing deductions, but temporary changes allow for increased deductions for certain taxpayers. A new senior deduction provides additional tax benefits for older taxpayers starting in 2025. Planning for required minimum distributions and charitable giving can optimize tax strategies for retirees. Reliable income sources like pensions and annuities can help smooth market fluctuations in retirement. Long-term care costs remain a risky variable for retirees, but proper planning can mitigate financial risks.

Read more at Yahoo Finance: 7 Smart Money Moves Fidelity Says Will Make Retirement More Comfortable