Tax Efficient Withdrawal Strategies in Retirement

11:00 AM - 12:15 PM

The traditional approach to liquidations in retirement is straightforward: spend taxable dollars first and let tax-deferred retirement accounts keep growing, because "no one" wants to pay taxes sooner than they have to. The reality is that there is such a thing as "too much" tax-deferred compounding growth, which makes future retirement distributions so large it drives the retiree into higher tax brackets and results in less wealth. Learn about a more effective tax-efficient withdrawal approach of equalizing tax brackets throughout life, by mixing together taxable, tax-deferred, and tax-free accounts over time, and leveraging strategies like systematic partial Roth conversions and even capital gains harvesting to smooth out tax brackets from year to year and reduce cumulative taxation throughout retirement.

Learning Objectives:

  • Identify the four pillars of retirement income.
  • Identify the differences between options for how to generate retirement paychecks.
  • Identify the strategies for retirement account sequencing.
  • Identify the impact of utilizing a Partial Roth Conversion strategy.
  • Identify what a Withdrawal Policy Statement is and how it can be used with clients.

Session Content Level: Advanced