We routinely rail against rules of thumb, as demand for customization from boomer retirees renders them increasingly obsolete — and dangerous.
Two areas of financial planning in particular bring this to bear — the coordination of Social Security with the overall retirement portfolio, and the subsequent tax-efficient distribution of accumulated assets.
Conventional wisdom dictates that retirees withdraw assets from their taxable accounts first, their tax-deferred accounts (401ks) second and their tax-exempt accounts third.
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
