For most retirement brings changes in the source of our income. Usually by this point in life most of your deductions are gone so maximizing the tax impact of your income is something you need to understand. This class will discuss the timing of your distributions from retirement plans, offsetting gains with losses in your portfolios, and strategies for utilizing IRA’s to provide an income for your beneficiaries. The other item that impacts retirees and taxes is employment in retirement. Often that part-time job can have a significant impact on your tax situation. Planning for the tax impact of these jobs is very important to avoid underpayment of income tax penalties.