Which Retirement Withdrawal Strategy Is Best For You?

As you approach retirement, it’s important to develop a retirement income strategy. Developing tax-efficient retirement withdrawal strategies to plan your income stream should be an annual process. Each year your taxable income will change, and potentially your living expenses. The tax code has also changed repeatedly in the last 10 years, so it’s important to make sure your withdrawal strategy is current with the latest rules.

Retirement Income Strategies: How Different Accounts Are Taxed

Retirement funds are typically held in three different types of accounts: