As seniors approach retirement age, its important for them to begin thinking about their golden years. This not only means checking out senior care and retirement communities, but also planning things out financially.

According to the Chicago Tribune, changing tax laws can make things difficult for those who are planning ahead. It's important for seniors to meet regularly with accountants and finance managers in order to keep abreast of the latest changes.

"It's all about bracket management," tax planner Robert Keebler told the news source. Keebler helps his clients spread their money around in order to avoid being bumped into higher income tax brackets, which can cost them more money.

It's also helpful to have someone who knows about upcoming changes, especially on a state-to-state basis. When deciding where to retire, for example, many choose Florida because it has no income tax. Yet other states, such as Georgia, are hoping to attract retirees by phasing out income tax for elderly residents over time - and this could expand a senior's search for an elder care facility.

Overall, having a solid retirement plan that takes taxation into account is one of the keys to maintaining a fulfilling lifestyle throughout old age.