appy Mother’s Day
month and salute
to our veterans this
Memorial Day! Recently I held an event where I discussed the ways that consumers could access their retirement portfolios. The attendees were all looking to make sure they had been properly funding their retirement and was interested in what our team recommended for their future. We let them know it’s important to save for retirement, but equally important to reap the benefits and have a strong financial lifestyle. It’s important to have a well-planned withdrawal strategy, also known as a decumulation strategy. That’s because choosing the best way to access and spend your retirement savings will help you get the most out of it. By thinking ahead, you may avoid paying unnecessary taxes and running out of money.
There are many methods for withdrawing retirement savings, and there isn’t a single approach that’s right for everyone. In fact, most of us financial professionals agree it’s a good idea to use a combination of them. So here are my 7 Financial Lifestyle Withdrawal Tips.
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Photo Credit Allef Vinicius