Taxes may affect your retirement income surprisingly different than you might expect.   Tax planning for retirement means looking at your finances – present and future, to understand the tax implications of:

• Tax-deferred investment such as IRA’s, 401(k)s, 403(b)s, and similar retirement plans 
• Social Security income tax calculation
• Medicare 
• Income Related Monthly Adjustment Amount (IRMAA)
• Coverage gaps and late penalties
• Required Minimum Distributions
• Roth Conversions
• Qualified Charitable Distributions
• Wealth Transfer

Tax planning is a critical component of your overall financial plan and requires careful consideration during all stages of retirement.