Smart Income Radio, hosted by financial experts Edwin Mendoza-Bach and Mauricio Garcia, addresses the misconception that retirees can escape taxes after retirement. The show emphasizes the importance of strategic tax planning to protect retirement savings from excessive taxation. Common traps include the taxation of Social Security benefits and the impact of Required Minimum Distributions (RMDs). Through real-life examples and actionable advice, the hosts outline how retirees can minimize their tax burden by understanding income taxes on sources like 401(k) plans and by considering Roth conversions, thus ensuring a financially secure retirement.