Conserving for retirement during your job is the easy part of preparing for your future. Figuring out how you can take out retirement funds in a tax-savvy method once you quit working is a larger obstacle.
” As long as 70 percent of your hard-earned retirement funds could be eaten up by earnings, estate and state taxes,” states Individual Retirement Account expert Ed Slott, writer of the retirement-planning publications “Fund Your Future: A Tax-Smart Cost Savings Strategy in Your 20s and 30s” and “The Retirement Cost Savings Time Bomb … and The Best Ways To Restrain It.”
Right here are 5 smart withdrawal approaches that will help you prevent expensive traps and take full advantage of possibility. Continue reading