Retirement Tax Planning

Taxes don’t stop when you retire—in fact, they can become even more complicated. Changes in income sources, Required Minimum Distributions (RMDs), Social Security taxation, and evolving tax laws can all impact how much you owe. Without a strategy in place, you could end up paying more than necessary.

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Local financial advisors helping you Keep More of What You Earned

At 3 Rivers Financial Group, we take a proactive approach to tax planning, helping you potentially reduce your tax liabilities and structure your finances for long-term savings. Whether you’re transitioning into retirement, managing multiple income sources, or simply looking to maximize deductions, we’ll guide you through the process with clear, personalized strategies.

  • Tax-Efficient Withdrawals

We help determine the best order to pull money from your retirement accounts in an effort to avoid excessive tax bills.

  • Roth Conversions

Converting traditional IRA funds to a Roth IRA at the right time can save you thousands in taxes over the long run.

  • Required Minimum Distributions

We’ll help you plan for mandatory withdrawals from tax-deferred accounts so you don’t face penalties.

  • Investment Tax Strategies

Capital gains, dividends, and tax-efficient investing help protect your portfolio from unnecessary taxes.

  • Social Security & Pension Taxation

We structure withdrawals and income sources to potentially reduce your tax burden.

  • Legacy & Gifting Strategies

If you plan to pass on assets, we help structure them in a tax-efficient way to benefit your heirs.

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Why work with us? Retirement Tax Planning Experts

Unlike tax preparers who only focus on filing your return, we take a comprehensive, long-term approach to tax planning.

  • We look at the big picture.

    We integrate tax strategies with your overall retirement and investment plan.

  • We help you avoid surprises.

    No one likes unexpected tax bills. We plan ahead so you know what to expect.

  • We keep it simple and straightforward.

    Taxes are complicated, but we break things down so you understand your options.

  • We work exclusively with retirees.

    We specialize in tax strategies for people nearing or already in retirement.

Questions about retirement tax planning? Read our FAQs

Why do I need tax planning in retirement?

Many retirees are surprised to find they’re still paying significant taxes. A good strategy helps reduce unnecessary tax burdens and protect your savings.

How do I avoid penalties on Required Minimum Distributions?

Failing to take RMDs can result in hefty IRS penalties. We structure withdrawals and income sources to potentially reduce your tax burden.

Do I still need tax planning if I have a CPA?

CPAs focus on filing taxes, while we focus on lowering your tax burden over time. Working with a financial advisor ensures you have a tax-efficient retirement plan.

When should I start tax planning?

It’s best to start at least five years before retirement to take advantage of Roth conversions, tax-efficient withdrawals, and other strategies.

Can I reduce taxes on Social Security benefits?

Yes! By structuring your withdrawals strategically, we can help reduce how much of your Social Security income gets taxed.

Retirement planning Resources

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