Tax-Efficient Withdrawal Order Worksheet
Which account you tap first in retirement can significantly affect how long your money lasts and how much you pay in taxes. This worksheet helps you map out a tax-efficient withdrawal sequence tailored to your situation. Work through each section and review annually with your tax advisor.
💰Withdrawal PlanningWhich account you tap first in retirement can significantly affect how long your money lasts and how much you pay in taxes. This worksheet helps you map out a tax-efficient withdrawal sequence tailored to your situation. Work through each section and review annually with your tax advisor.
Step 1: Inventory Your Account Types
Step 2: The Standard Withdrawal Order
The conventional wisdom for tax-efficient withdrawals follows this general sequence, though your situation may call for adjustments:
Step 3: Your Tax Bracket Planning
Step 4: Situations That Change the Standard Order
My Withdrawal Order Decision
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