How to Use Retirement Withdrawal Strategies to Lower Your Taxes


You've worked your entire life to save for the retirement of your dreams. According to a 2022 study, most Americans think $1.1 Million is enough for retirement, but a successful retirement requires ongoing planning to make your accumulated savings go further. As you settle into your retirement years, your numerous financial decisions impact and compound off of one another. On top of that, each withdrawal you make to support your retirement lifestyle directly affects your tax bill.

While many professionals think retirement signifies the end of their financial planning needs, financial planning is more crucial than ever because making just one or two wrong decisions can create a significant headache and higher tax bills in retirement. For many retirees, planning how to make savings last and making tax-efficient choices in each of these financial areas can bring anxiety and stress. We'll walk you through common scenarios we see with retirees so you can make the necessary decisions with confidence and keep more of what's yours.

Join Certified Financial Planner™ and Certified Public Accountant Sarah Sikorski as she covers the most critical considerations and action items professionals need to address in the first few years of retirement. After working with countless energy employees to make important benefit elections as well as tax and investment decisions, Sarah has made a career of helping people retire with confidence and will be addressing many of the common concerns we hear from clients including:

  • Regarding retirement income, what common mistakes should you avoid when pulling from your savings, and which financial planning strategies should you employ? Understanding the key benefits and optimization strategies of your 401(k)s, Roth IRAs, cash reserves, and brokerage accounts can help you get more from each savings vessel without pushing you into higher tax brackets.
  • How do your company benefits, RMD payouts, and other withdrawals in retirement all impact your tax bill, and what's the most tax-efficient withdrawal strategy for your retirement income?
  • Which account should you pull money from first in retirement?
    You've spent years building up your savings, but pulling from certain accounts before others may negate the benefits and tax savings opportunities those accounts provide! We'll discuss a framework to help you determine the right order of accounts to pay yourself from in retirement.
  • How should you navigate new tax scenarios that could arise in the later years of retirement such as Medicare premiums and social security taxability?
  • What are the common retirement mistakes made in early retirement years and how can you fix them?
    During retirement, there are pivotal milestones that no one talks about for important decisions and additional tax planning opportunities to occur, so we'll walk you through them step-by-step.

If a successful retirement is part of your long-term plan, this webinar will provide you with plenty of useful, actionable information to implement within the early years of retirement to set yourself on a path of worry-free golden years. You will not want to miss this webinar.
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