))
GRFTFS: How to Withdraw for Lower Taxes?
Manage episode 485270684 series 3033836
Content provided by GenWealth Financial Advisors. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by GenWealth Financial Advisors or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.
"We have a mix of accounts—$850,000 in traditional IRAs and about $320,000 in a Roth IRA. We’re both 66 and about to retire. What’s the smartest order to draw from these accounts to keep our taxes low?" We're answering YOUR questions on this week's Get Ready For The Future Show!
I’m 62 and just got laid off. I’m eligible for Social Security but have about $520,000 in a 401(k). Should I go ahead and start my benefits or hold off a few years and draw from my savings instead? We live in a 4-bedroom home that’s worth about $390,000, but we’re thinking about downsizing to something under $250,000. With interest rates up, is this still a good move? And how do we know we’ll actually save money doing it? We’re both in our late 50s and don’t have long-term care insurance. We’ve got about $2M saved and are in decent health. Is it too late to get a policy that makes sense, or are we better off self-insuring?
And if you've got a question you want answered on the show, call or text 501.381.5228! Or email your question to [email protected]!
Originally aired 5/21/2025
300 episodes
Share
