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I'm looking for software where I can input my investments and where it is invested, to find the best way to withdraw X amount each year to minimize taxes and remain balanced. It is a little complicate...
There are hundreds of methods for how to spend from a retirement portfolio. Let's go over a few of them to see what might work best for you. The post Comparing Portfolio Withdrawal Strategies in Retir...
Since our very first post in 2010, our focus has been on helping households determine how much they can afford to spend each year in retirement (hence the title of our website). By contrast, the focus...
Choose an effective strategy to withdraw from your savings in retirement to help you sleep at night and better enjoy your retirement years...
I am a 75 year old retired father who would like to understand how to efficiently withdrawal from my two accounts. Here is more information about my current situation. Debt: No debt and house is fully...
It’s finally time to start using the money you managed to save and invest over the years. But be careful: Taxes are just one of the tricky parts....
This article in the November 2024 Bulletin by Richard Eisenberg should mention MaxiFi. It is a wonderful tool to plan withdrawals from pre-tax and post-tax retirement accounts and other financial acco...
Learn about distribution rules for inherited IRAs and learn how to strategize your distributions for your financial goals. The post Have an Inherited IRA? Here is Your Guide to Strategizing Required W...
The rule of $1,000 a month can estimate how much you need to save for retirement. But it assumes an aggressive withdrawal rate....
New study from IRALOGIX examines challenges of managing withdrawals; finds half of…...
There’s a lot of enthusiasm for Roth IRA conversions and Mega Backdoor Roth IRAs—and for good reason. Paying taxes upfront on your retirement accounts can be a savvy move, especially if yo...
*** 3 Comments so far on AARP Website. Stop by to read comments & add yours. *** FROM THE ARTICLE - SEE ARTICLE FOR MORE!!! New 401(k) Rules Let You Withdraw $1,000 Without Penalty — but Sho...
Don't withdraw retirement assets haphazardly. Managing distributions intentionally can lower your taxes, conserve your wealth and reduce Medicare premiums....
Hi all. I’ve been reading about different withdrawal strategies when making the leap to retirement. It seems there is the “4% Rule,” which suggests withdrawing 4% in year one and adj...
Introducing the age 55 exception for a withdrawal from a 401(k) plan. Penalty free, with some restrictions applied. The post The Post-55 Exception to the 10% Penalty for Withdrawals from 401(k) appear...
Tax efficient withdrawal options depend heavily on relative balances in tax-deferred, tax-free and taxable accounts....
Should David in Ohio use 457 funds to do an in-plan Roth conversion in his 403(b) plan, and should he hire a financial advisor? Chris in DC needs a retirement and Roth conversion spitball analysis, an...
Patrick and Mary will soon both be retired. They are curious about what their withdrawal strategy should be as they balance various retirement accounts, including a pension, IRAs, and a brokerage acco...
Mark asks a common question – What should I do regarding my withdrawal strategy? Should I first pull from my brokerage account or my IRA? There is no one-size-fits-all answer, but James provides...
The 4% rule helps us understand how much we can safely take out of our portfolio each year without running out of money in retirement. Yet, as simple as the 4 percent rule seems, the practical implica...
James explores the nuanced aspects of Roth IRAs, shedding light on intricacies that can confound even experienced investors. Through a listener question from Manfred, a retiree contemplating a $50,000...
Retirement, a phase many of us anticipate for a long time, comes with its own set of financial intricacies. Specifically, how do you effectively withdraw funds from your savings to ensure a comfortabl...
If you're increasing your safe withdrawal rate for retirement now, you're likely making a mistake. You might be inadvertently top-ticking the market as the Fed embarks on what is likely a multi-year r...
I retired and 62, and filed and started receiving social security. I recently had a great job opportunity and decided to “un-retire”, and filed a form SSA-521 to withdraw my social securit...
I will be doing that as I want to leave money to my kids. But what if I didn't have a kid or didn't care to leave money to anyone? IDK, I saved my entire life to have enough money to retire on. The th...
Learn how retirement withdrawals impact your tax bracket and explore strategies to minimize tax hits on your income during retirement....
Evaluate the pros and cons of different orders of accounts for withdrawals. See how to make smart decisions about your choices. The post How to Decide the Order of Accounts for Retirement Withdrawals:...
Learn about the ideal withdrawal rate and the 4% rule. Plus, understand a more personalized approach to retirement withdrawals. The post The Ideal Retirement Withdrawal Rate: How to Make Sure Your Sav...
Does a withdrawal strategy in retirement have to be complicated or can you simply do a reverse of dollar cost averaging? In this episode, we’ll take a look at how reverse dollar-cost averaging w...
One of our listeners actually has a better mortgage rate than me! However, as they begin to test their retirement budget they have found that the mortgage payment leaves that budget a bit tight. So th...
Will Duke and Daisy’s retirement spending plan work? If you’re a fan of hearing Joe Anderson, CFP® and Big Al Clopine, CPA debate, you’re in luck today on Your Money, Your Wealth...
Early 401(k) withdrawals are soaring. According to the Vanguard Group, “A record-breaking number of Americans are making emergency withdrawals from their 401(k) retirement plans in order to cove...
Is timing the market when you withdraw money from your retirement accounts or do Roth conversions an effective strategy to minimize tax and maximize returns for YMYW listener Robert? That’s toda...
Your early retirement withdrawal plan can make or break your FIRE strategy. Think beyond financial independence to how you will maintain a stable portfolio....
If you need money now and are thinking about tapping your 401(k) savings, you might want to consider other available options....
Mark asks a common question – What should I do regarding my withdrawal strategy? Should I first pull from my brokerage account or my IRA? There is no one-size-fits-all answer, but James provides...
More people are taking early emergency withdrawals from retirement savings accounts. New tax rules might offer some relief....
To make your savings last, you need to know how to draw from the right investment … at the right moment....
Understanding the best way to tap your IRAs and other accounts can help you preserve your savings and lower your tax bill....
A couple learning about the different types of withdrawal strategies to consider for retirement. Planning for retirement involves not only accumulating savings but also strategically withdrawing funds...
A prominent lawyer was recently sentenced to home confinement for falsely claiming hardship to withdraw funds. How desperate must you be to take money out?...
Interested to know how you track spending v your budget. We are semi-retired w a variable income that we do not figure into our income so taking withdrawals down savings and not tapping SS until 70 pe...
May 16, 2024 – Welcome to another Safe Withdrawal Rate Series installment. Please see the landing page of the series for a guide to all parts so far. In Part 60, dealing with the “Die With...
One of my ongoing challenges as a writer is explaining financial concepts in an easy-to-understand manner. With a background in business school and 13 years in banking, financial concepts come natural...
Americans are taking early withdrawals from their 401(k)s at record rates “across different ages and income levels.”¹ According to Capitalize, “Half of Americans have made early...
Avoid penalties and minimize taxes when you pull money out of your 401(k) or IRA....
I've read that it's recommended to pull out 4-6% annually from one's IRA to subsidize retirement income. Assuming 6% withdrawal per year at my current value, that nets me an additional $1000 per month...
March 7, 2024 – My claim to fame in the personal finance and early retirement community is my Safe Withdrawal Rate Series, which has now grown to 60 parts. But I also have another passion: tradi...
Barney and Betty in Maryland hit the jackpot. How’s Barney’s strategy for net unrealized appreciation, retirement withdrawals, and asset location for his $5 million employee stock ownershi...
There is a common rule-of thumb that 4% can be withdrawn from a IRA or 401K account each year in retirement, and the balance of the account should not go down. What would be the reasons for a retired ...