We are all familiar with the required minimum distributions from our qualified accounts being taxed in retirement, but did you realize you will also have to pay tax on these income producers too:
Equity Investments:
Profits from the sale of investments or the capital gains earned will be taxed at capital gains rates, even in retirement. The good news is capital gains rates are generally lower than ordinary income rates.
Social Security Income:
Most retirees are shocked to learn that part of their Social Security benefits could be taxable. Depending on when you take your Social Security and what your provisional income is, will determine if part of your Social Security is taxable at ordinary income rates.

Pensions:
While pension income does not count against you when calculating your Social Security incomes, payments from private & government pensions are taxed at ordinary income rates.

Tax planning is an important part of our financial lives – our whole financial lives.

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