The article discusses the importance of tax planning for retirees, highlighting a Redditor's experience as they prepare to retire in a couple of years. This individual is focused on making adjustments to their investment strategy to minimize taxes when accessing their funds. They aim to retire at 55 and utilize their brokerage account until age 59.5, at which point they can access their 401(k) and IRA without penalties. This proactive approach emphasizes the necessity of creating a tax-efficient investment structure for a financially secure retirement.
Knowing that they are going to retire in a couple of years, they hope to determine now what needs to be done to avoid a significant tax hit when they turn 59.5 and begin drawing from their brokerage account.
The good news is that this Redditor and their spouse are getting ready for retirement in a couple of years. Knowing this, they are trying to get ahead of the curve and make any necessary changes to their current investment structure to become as tax-efficient as possible.
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