Retirement Withdrawal Strategy:  Which Accounts First?  

Your withdrawal strategy in retirement shouldn’t just focus on maximizing your income. It should maximize the amount of income that ends up in your pocket. This can be tricky when considering many people have a combination of pre-tax, Roth, and after-tax accounts.  Do you withdraw everything from the Roth accounts first, and have no taxable income? Or, does it make sense to withdraw money from … Continue reading Retirement Withdrawal Strategy:  Which Accounts First?  

Roth Conversion vs. Travel Optimization Strategy

Roth conversions in retirement seem to be a hot topic and are becoming more common. The recent tax law change, which lowers income tax rates, makes Roth conversions in the next few years even more attractive. Every retirement plan I run with my clients, we discuss the reasons a Roth conversion strategy may make financial sense  So, why did I advise recent clients to not … Continue reading Roth Conversion vs. Travel Optimization Strategy

5 Reasons You Should Not Roll Your 401(k) into an IRA in Retirement

The other day a client sent over his wife’s new 401(k) investment options, looking for some advice.  My advice was very simple.  Get out of this 401(k) plan as fast as you can! It was the worst of the worst of 401(k) plans.  First, each participant was charged 1.25% annually, just to be enrolled in the 401(k) plan.  Next, every investment option cost 1 to … Continue reading 5 Reasons You Should Not Roll Your 401(k) into an IRA in Retirement

Creating A Safe (but Flexible) Retirement Withdrawal Strategy

For the past 20 or 30 years you have saved and saved and probably have seen your accounts get steadily higher throughout the years.  Saving isn’t easy, but creating a withdrawal strategy may be even more difficult.  It isn’t easy seeing your life savings gradually start to go down.  Maybe you are nervous about taking money out and exhausting it too quickly.  At the same … Continue reading Creating A Safe (but Flexible) Retirement Withdrawal Strategy