Spring is tax season, and for many people, it's typically the only time they think about their taxes. Although there are very few things you can do to change your taxation from the previous year at this point, a year-round tax plan will allow you to manage your tax bill going forward.
This is particularly important for retirees, who are often surprised by the amount of tax they owe. Even though income may be lower in retirement, Social Security income may be subject to federal taxes, and withdrawals from traditional pre-tax retirement accounts are subject to income tax.
