Which Accounts Should You Withdraw From First in Retirement? (Tax Strategy Explained) | Part 2
Ditch the Suits - Your Money, Your Life · Travis Maus
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Show Notes
When you start taking income in retirement, where should your money come from first?
In this episode of Ditch the Suits, we continue our retirement income planning series by breaking down how to manage taxes over your lifetime, not just year by year.
We explore how different types of accounts are taxed, why aiming for a 0% tax bracket can actually be a mistake, and how to think strategically about withdrawals to keep more of your money long-term.
What You’ll Learn:
• How to think about taxes over your entire retirement not just annually
• The difference between tax-deferred, tax-free, and taxable accounts
• Which accounts to draw from first in retirement
• Why aiming for a 0% tax bracket can backfire
• How to structure withdrawals to reduce long-term taxes
• How to build a more efficient retirement income strategy
Who This Is For:
Individuals and couples approaching retirement who want to understand how to draw income from their investments in a tax-efficient way.
Key Takeaway:
It’s not just how much you withdraw, it’s where you withdraw from that determines how much you keep. A smart strategy can significantly reduce taxes over time.
Learn More:
If you’re looking for a financial plan built around your life, not just your numbers; visit: https://www.seedpg.com