How 10 Types of Retirement Income Get Taxed

When you're planning for retirement, it's fun to contemplate all the cruises, rounds of golf and restaurant meals you have ahead of you. You've earned it! However, many retirees don't take into consideration the cumulative impact of federal and state income taxes on withdrawals from their nest eggs.

"Finding tax-efficient investments is the key to successfully saving for retirement," says financial planner , of Dias Wealth LLC. Unfortunately, most forms of retirement income -- including Social Security benefits, as well as withdrawals from your 401(k)s and traditional IRAs -- are taxed by Uncle Sam. And unless you live in one of , you can expect your home state to ding you in retirement as well. (Taxes on retirees vary from state to state, so make sure you check our for each state's overall tax impact on your retirement