In this episode of the Functional Retirement Podcast, host Thatcher Taylor, a Certified Financial Planner, dives into a practical scenario involving a couple, Dan and Sally, who have just retired. With a combined need of $72,000 per year from their investment accounts to supplement their Social Security income, Thatcher explores the complexities of determining which accounts to draw from—traditional IRA, Roth IRA, or taxable brokerage account. He emphasizes that the answer is not straightforward and depends on various factors, including tax brackets, future distribution requirements, Medicare considerations, and estate planning goals. Listeners are encouraged to think critically about their own retirement planning and the unique variables that impact their income distribution strategies. Tune in for an insightful discussion on navigating retirement finances effectively.

[00:02:23] Withdrawal sequencing strategies.

[00:05:58] Withdrawal strategies and tax implications.

[00:09:31] Roth IRA withdrawal strategy.

[00:13:01] Tax deferral strategies in retirement.

[00:17:02] Retirement income tax strategies.

[00:20:57] Managing tax brackets in retirement.

[00:25:40] Roth conversion strategies for retirement.

[00:28:50] Medicare IRMA surcharge explained.

[00:33:30] Tax strategies in retirement income.

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DISCLAIMER: The information provided in these videos is only to be considered helpful hints and education. Nothing said or shown in any of these videos is to be misconstrued as specific tax, legal or investment advice. Consult with your tax, legal or investment professional before acting on anything you see in these videos.

✅Contact Thatcher at [email protected] with comments and questions!

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DISCLAIMER: The information provided in these episodes is only to be considered helpful hints and education. Nothing said or shown is to be misconstrued as specific tax, legal, or investment advice. Consult with your tax, legal, or investment professional before acting on anything you see in these videos.

​​Investment Advisory Services are offered through ProPath Financial, a registered investment adviser authorized to do business in states where registered or otherwise exempt from registration. Nothing discussed in this podcast should be viewed as investment advice.