Having a tax-efficient withdrawal strategy in #retirement can save you thousands of dollars. A good strategy will minimize the total taxes paid over the course of your retirement, which will increase your wealth and the longevity of your portfolio. In this video, Peter Richon with Richon Planning and Erin Kennedy break down two very different strategies: traditional and proportional. The traditional approach has you spend your retirement money in this order: taxable, tax deferred, tax exempt. On the other hand, the proportional withdrawal method would have you take a proportional amount from all of your accounts. While certain headlines will champion one strategy instead of the other, there is no clear-cut answer for everyone. The only way to determine your most tax-efficient withdrawal strategy is to crunch the numbers, speak with an expert, and revisit that strategy as your goals and finances change. If you'd like to see which strategy makes the most sense for you right now, please feel free to give Peter a call at (919) 300-5886 or schedule a complimentary visit at www.RichonPlanning.com #WealthManagement #TaxStrategy #Taxes