Most retirees are surprised to learn just how differently their income is taxed once they stop working. From Social Security to pensions, IRAs, dividends, and even rental income, retirement brings a complex new tax landscape that can catch even the most financially savvy off guard. This episode is here to help you stay ahead of the curve.

Joining SHP Financial's Matthew Peck is returning guest and financial advisor Mike Guthrie. With over 25 years in the industry, Mike breaks down the different sources of retirement income and how each is taxed—from qualified accounts, such as 401(k)s and IRAs, to brokerage accounts, Roth IRAs, and beyond. He highlights the common pitfalls people often fall into and why proactive planning is essential to avoid unpleasant tax surprises.

By the end of this conversation, you’ll have a clearer understanding of how tax buckets work, which withholding tax strategies make sense, and how tax laws can impact everything from Social Security to capital gains. Whether you're planning for retirement or already there, this conversation will help you navigate retirement income with more confidence, control and peace of mind.

In this podcast interview, you’ll learn:

• Why not all retirement income is taxed the same—and how to plan accordingly.
• How interest, dividends, capital gains, and Roth withdrawals differ in tax treatment.
• What you can (and can’t) withhold taxes from in retirement.
• The importance of proactive tax planning in avoiding April surprises.
• How strategies like Roth conversions, gifting, and timing Social Security can reduce your tax burden.
• Why personalized advice is critical because no two retirees face the same tax situations.

Want the Full Show Notes?

To get access to the full show notes, including audio, transcripts, and links to all the resources mentioned, visit SHPfinancial.com/podcast

Connect With Us on Social

• Facebook
• LinkedIn
• YouTube