Tax Efficient Withdrawals

Описание: CONTACT DAN: https://app.precisefp.com/w/dfvu7p
OUR WEBSITE: http://www.unitedwealthmanagement.com

Channel Overview:    • Welcome to my YouTube Channel  
1. Five Key Issues with Retirement Tax Planning:    • Tax Planning Overview - Five Key Issues  
2. Four Stages of Retirement Tax Planning:    • Four Stages of Retirement Tax planning  
3. Taxation and Surprises of Social Security:    • Taxation of Social Security and a few surp...  
4. Working and Social Security:    • Working and taking Social Security  
5. Medicare Costs and Surcharges:    • Medicare Costs and Surcharges  
6. RMDs: Avoid this 50% Tax Penalty:    • RMDs: Avoid this 50% Tax Penalty  
7. Tax Efficient Withdrawals:    • Tax Efficient Withdrawals  

Dan Lohmar is a CFP Professional with United Wealth Management. They specialize in PRAP Management and financial planning for pilots at United Airlines. Dan is also a pilot for United.

When it comes to helping your investments last as long as they can in retirement you must plan how and when you will use taxable, tax-deferred, and tax-free assets to manage your income and tax brackets efficiently. You cannot be haphazard about tapping your tax deferred savings. Timing is everything - that is as it relates to the stage of retirement you are in and which accounts you pull from and in what order. If you don’t plan carefully, through all stages of retirement, you may encounter unintended tax consequences.

There are so many possibilities to strategize retirement income that it is impossible to say one method works best. The best thing you can do is compare your options as they relate to your situation and make an informed decision. For now let me just show you a good example of how much difference the order of withdrawal can make and we’ll improve a little more with a Roth conversion.