Retirement withdrawal strategies: tax-efficient portfolio drawdowns
#83: You’ve worked hard all your life. At retirement, it’s time to kick back and relax, right?
Not so fast.
You still have to get THROUGH retirement.
That means knowing how to draw down your portfolio to:
This is very challenging because you have to forecast things you simply can’t know with certainty. Inflation rates. Market returns. Sequence risk. Tax rates. Your health condition and anticipated healthcare needs.
So, how can retirees plan their retirement portfolio withdrawals to actually enjoy retirement and not worry about running out of money?
This week, I sit down with Steve Parrish, Co-Director of the Center for Retirement Income at The American College of Financial Services, to talk about tax-efficient portfolio withdrawal strategies in retirement.
We discuss:
Check it out here:
https://hackyourwealth.com/retirement-withdrawal-strategies
Do you worry about running out of money in retirement? If so, what is the biggest reason why – not saving enough, spending too fast, market tanks during retirement, something else? Let me know by leaving a comment.
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Links mentioned in this episode:
Intro/Outro: Old Bossa by Twin Musicom.
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