Retirement should be a time of freedom and fulfillment not a season of tax surprises. Yet, many retirees unknowingly pay more in taxes than necessary simply because their income sources, withdrawal strategies, and planning weren’t coordinated in advance.

At Feliciano Financial Group, our holistic approach to financial planning puts tax strategy at the heart of every retirement conversation. Here’s how we help you make the most of what you’ve earned, without giving more to the IRS than you need to. That’s “Tax Planning”.

1. Know What’s Taxable (and What’s Not)

Not all retirement income is taxed equally. Social Security, for example, may be partially taxable depending on your total income. Traditional IRA and 401(k) withdrawals are fully taxable, while Roth IRAs , under most circumstances, generally are not. Understanding the tax characteristics of your income sources is the first step in creating a plan that protects your money.

2. Use Smart Withdrawal Sequencing

The order in which you tap into accounts can significantly impact your tax bill. We help clients structure withdrawals in a way that blends income sources, keeping you in a lower tax bracket and preserving tax-free growth where possible.

3. Minimize Medicare Surcharges

Medicare premiums are tied to your income. If your retirement income spikes, even temporarily, you could be hit with an IRMAA surcharge. By managing income and withdrawals proactively, we help you avoid unnecessary penalties and premiums.

4. Consider Roth Conversions

For many clients, converting a portion of traditional retirement accounts to a Roth IRA during lower-income years can create future tax-free income, however, conversions are  taxable events. We evaluate if this strategy fits your plan and walk you through timing, tax implications, and how it connects to your broader goals

5. Coordinate With Your Full Plan

Your tax strategy shouldn’t live in a silo. We help it align with your estate plan, investment strategy, charitable giving goals, and retirement timeline. That’s the power of holistic planning.

A Retirement Plan That Saves More Than Just Money

Tax efficiency is about more than minimizing what you owe, it’s about gaining confidence that your money is working for you in retirement, not against you.

Let us help you build a plan that not only protects your capital, but helps you achieve your goals. Because every dollar you keep is a dollar you can use to live life on purpose.

Learn more about Estate Planning and Tax Planning with Feliciano Financial Group, contact us today to discuss Wealth Planning, Wealth Management Services and your Financial Blueprint.

Schedule your discovery call at 903-533-8585.

Organize. Simplify. Clarify. Plan with tax purpose.

This content is for informational purposes only and does not constitute legal or tax advice. Please consult with your legal or tax advisor for guidance specific to your situation.