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Optimizing Retirement Plan Distributions

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You’ve accumulated significant assets for retirement in a variety of accounts, but now you wonder, “What’s the best way to draw upon my assets to receive the highest level of retirement income?” Asset type, retirement or taxable account, and nearer- or longer-term needs, among many other factors, can all affect the best choices.

Selecting the wrong combination of options can mean thousands of dollars in foregone income in retirement. When choosing your options, it’s important to consider the following:

  • In which accounts should I purchase select types of assets as I’m accumulating retirement funds?
  • From which accounts — taxable, IRA, 401(k), Roth IRA, or pension — should I pull retirement income first? What about last?
  • Should I take a lump sum withdrawal from my company’s pension plan or a lifetime annuity?
  • When is the best time to claim my Social Security benefits?

Planning with a trusted advisor is key. B|O|S has guided many clients through these decisions. Our goal is to help you make smart decisions and free up your time to focus on what matters most to you.

Ask a question about Optimizing Retirement Plan Distributions

Speak with Aaron Waxman, CPA, CFP®, Principal, who has extensive experience in working through complex retirement and tax planning issues.

B|O|S Recognition

B|O|S  is proud to have been recognized as an industry leader in the registered investment advisor space. These accolades and peer-recognitions reflect not only our passion, but also our deep commitment to every aspect of our relationship with our clients.

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