Building an Income
Distribution Strategy

Where Does the Money Come From?


Jonathan Clements, a former columnist for The Wall Street Journal, once said, “Retirement is like a long vacation in Las Vegas. The goal is to enjoy it to the fullest, but not so fully that you run out of money.” There is quite a bit of truth to his point. While retirement provides folks with the chance to work less and enjoy life more, at least in theory, it is very easy to burn through your savings in a hurry if you are not careful. Life certainly has a way of throwing curveballs at us from time to time, but you can significantly reduce your risk of running out of money in retirement by establishing a comprehensive plan. If you have saved most of your money in retirement accounts, an important aspect of your plan should be an income distribution strategy.

As you prepare for retirement, there are many different moving parts to take into consideration. It is one thing to figure out what your budget is and determine how much income you will need to sustain your desired lifestyle in retirement. However, it is a far more complicated exercise to develop a tax-efficient income distribution strategy that addresses RMDs, Social Security benefits, capital gains, Roth IRA conversions, and any other factors that might be unique to your situation. There are seemingly countless pitfalls when it comes to successfully navigating through retirement in a financial sense, which is why it is vital to partner with a financial advisor who collaborates with you to establish a comprehensive plan with your best interests in mind. Cookie-cutter strategies will simply not cut it with so many critical factors at play, so do not settle for anything less than a partnership with an advisor who will take the time to understand your situation and make recommendations designed to ensure that you are able to avoid running out of money in retirement.

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