Retirement Retirement Traps to Avoid Full Size Version Share | Related Content Risk Perspective Is it possible to avoid loss? Not entirely, but you can attempt to manage risk. You May Need to Make Estimated Tax Payments If… Have income that isn’t subject to tax withholding? Or insufficient withholdings? You may have to pay estimated taxes. 6 Strategies to Help You Prepare for Living on Retirement Explore financial strategies that may help you prepare for living on a fixed budget during retirement on My Retirement Walk.