Where Should I Withdraw My Next Dollar From For Retirement Expenses?

Making tax-efficient retirement withdrawals can significantly impact a client’s long-term financial success. Whether the need is for income, healthcare, education, or charitable giving, each withdrawal decision comes with implications that can affect portfolio longevity and taxation.

This flowchart helps you walk clients through the decision of where to make their next retirement withdrawal. It covers:

• Common retirement expenses such as income needs, medical costs, education, and charitable giving
• Tax treatment of accounts like IRAs, Roth IRAs, HSAs, and 529s
• How to avoid penalties and be cognizant of AGI thresholds and tax bracket shifts
• Strategic use of QCDs and capital gains harvesting
• How to minimize taxes while meeting short- and long-term goals