If there’s one thing almost everyone can agree on, it’s not wanting to pay taxes. After all, who wants to give up their hard-earned money to the government? The retirement savings gap is a multifaceted issue for many working people. With many challenges workers face, it’s easy to forget about taxes when it comes to saving for retirement. If you’re planning for retirement or nearing retirement, minimizing taxes is essential to a successful retirement plan. Here are three ways you can potentially accumulate tax-free income in retirement:

1. Permanent life insurance. This is a wonderful tool that offers you the ability to transfer your assets tax-free (both income and estate) to beneficiaries and also build up tax-deferred growth of cash inside the policy.
2. Health Savings Account (HSA). They’re unique for their triple-tax advantage: contributions are tax deductible, funds grow tax-free, and withdrawals are also tax-free, if used properly.
3. Roth IRA. After age 59 ½ and as long as you’ve had the account for at least five years, earnings grow tax-free and you can withdraw contributions at any time without tax or penalty.

Most Americans will enter their golden years with less money than they need, so it’s wise to find ways to minimize or avoid the tax bite. Through thoughtful planning and a sound strategy, you can keep more of your money.