3 Reasons to Have a Withdrawal Plan in Retirement

All these years, you might have been focusing on efficient ways to save your retirement money.

But when it is finally time to take it out, which accounts do you withdraw from first? When is the best time to withdraw? Does it make sense to delay Social Security and pension?

Your withdrawal plan can have a huge impact on your lifetime taxes — potentially even hundreds of thousands of dollars!

In this episode, Jeremy Keil speaks with Chris Lanfranca of Social Security Solutions and Income Solver about how to create tax-efficient withdrawal strategies to generate retirement income.

Chris discusses:

  • Three areas that can generate advisor alpha
  • Why building a custom withdrawal plan is far beneficial than conventional withdrawal methods
  • How the Income Solver software helps you make smart, research-based decisions
  • Ways to avoid the “Social Security tax torpedo”
  • And more

Related: 5 Things to Know Before Filing Your 2021 Taxes