Andrea, who is single and in the 37% tax bracket, is interested in reducing her taxes. She is considering several alternatives:

• Charitable giving
• Retirement planning (income deferral)
• Buying tax-exempt bonds
• Shifting income to her 3 children
• Purchase of rental real estate

Given the above options, what would you recommend to Andrea? Is one option more attractive than the other? Please be detailed with your answer. (based on 2020 tax rules/calculation)