Stroup emphasized the importance of this, particularly for individuals with “complex retirement income sources (like Social Security, pensions and 401(k) withdrawals) or investments that might require advanced tax planning.” Many financial institutions, credit unions or independent planners offer low-cost workshops to help you understand the nuances of Social Security, Medicare, estate planning and tax-efficient retirement withdrawal strategies,” he said. Stroup said that for $100, retirees hoping to focus on budgeting and saving can invest in a financial planning software subscription, while those overwhelmed with debt can consider credit counseling services.