Which retirement account should you spend from first, and how could that decision affect your long-term tax strategy?

Saving for retirement and spending your retirement savings require two very different skill sets. Once you begin taking income from checking and brokerage accounts, traditional IRAs, Roth IRAs, and other retirement assets, the order and timing of those withdrawals can have significant tax implications.

In Episode 55 of Her Money Revolution, Angela Brooks, CFP®, explains the three primary tax buckets and why there is no universal withdrawal order that works for every retiree. She discusses how withdrawal strategies may change throughout retirement, why the years before Social Security and required minimum distributions begin can create valuable planning opportunities, and how Roth assets can provide additional flexibility.

Angela also explores how retirement withdrawals can affect your tax bracket, Social Security taxation, Medicare premiums, and the assets you eventually leave to your family.

Because retirement planning is not simply about how much you have accumulated. It is about creating a coordinated strategy for turning those assets into income while considering your taxes, investments, healthcare, charitable giving, and legacy goals.

Listen now to learn how a thoughtful retirement withdrawal strategy can help you make more informed decisions for the years ahead.

• Why saving for retirement and spending retirement savings require different strategies
• The differences between taxable, tax-deferred, and tax-free accounts
• Why there is no universal rule for which retirement account to spend from first
• How strategic withdrawals can help manage your lifetime tax bill
• Why early retirement may create valuable tax-planning opportunities
• How required minimum distributions can affect taxes and Medicare premiums
• Why Roth accounts can provide greater flexibility throughout retirement
• How the accounts you leave behind can affect your family’s tax experience
• Why retirement income, taxes, investments, Social Security, Medicare, charitable giving, and estate planning should be coordinated
• Three practical steps for evaluating your retirement withdrawal strategy

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