You may have a plan for saving money for retirement. But do you have a retirement withdrawal strategy? If you don't, it could cost you tens of thousands of dollars - or more - in excess taxes.
Retire With Confidence: Mastering Tax-Wise Wealth Preservation shows how to withdraw at lower tax rates and save big. Keep more of your hard-earned retirement savings and live the worry-free retirement you've always dreamed of.
Conventional Wisdom tells you to leave tax-deferred retirement accounts alone until age 72, when required minimum distributions begin. When I ran the numbers, however, I found that Conventional Wisdom can create huge tax bills for the years after age 72.
Fortunately, I found a better way. From Savvy Saver to Smart Spender shows that by starting withdrawals from IRA and 401(k) accounts well before age 72, retirees can withdraw at lower tax rates and save big.
It's not enough to know that you should begin withdrawals before 72. You need to know how much to withdraw as well. From Savvy Saver to Smart Spender guides you through a web-based tool that I created to find your best withdrawal rate.
Think this is only a millionaire problem? Think again. Retirement savings of just a few hundred thousand dollars trigger steep taxes in retirement, especially when Social Security benefits are considered (yes, Social Security can be taxed too!).
From Savvy Saver to Smart Spender will help you keep more of your hard-earned retirement savings and live the worry-free retirement you've always dreamed of.
