How do you know which account to draw from first in retirement?
In today’s day and age, many people have a 401(k), a Roth IRA, and other types of investments. Choosing which accounts to draw from at which time is called withdrawal sequencing, and it can have huge implications for your tax bill, for better or for worse. However, making a withdrawal plan that accounts for all the variables is not always straightforward.
At Secure Money Advisors, our goal is to help our clients create a withdrawal sequencing plan that allows them to manage their taxable income for any given year. With good sequencing strategies, many retirees are able to save tens of thousands of dollars over a 20-year retirement. Watch today’s video to learn more about withdrawal sequencing and how it might fit into your retirement plan.
