Adopting creative approaches to finance can help some retirees simplify their lives while maximizing their tax savings. One potentially powerful but perhaps lesser-known strategy involves minimalism.
The minimalist mindset began as an art movement about 70 years ago. In recent decades, the movement has gained traction by becoming synonymous with stuff and time: Spending less, keeping only what you need and removing frivolous distractions to focus more on what matters to you most.
About 11% of adults in the United States today are minimalists, according to a Carnegie Mellon business project, with 26% of U.S. adults reportedly interested in becoming one.
