most people have unnecessary worry when it comes to withdrawing money in retirement. Now, what I mean by

that is I know why you're worried because it's been the first time. You've never actually taken

money from your 401k or IRA to live in retirement. So right now, if you're in your 40s or 50s or 60s or

even 30s going, look, I'm going to retire early one day. I just don't know when. Well, the truth is, it's going to feel weird the first time. And then it's going to be one of those things you're used to. You just want to make sure you're withdrawing from the right account and not paying more in taxes than you need to. I always like to say I'm all about being patriotic, just not to the point that you pay more

in taxes than necessary. So with that being said, let's look at an example and understand

how you can withdraw income to minimize your tax bill in retirement. In light of being recently

married as of August 15th, so depending on when this episode is officially released, it might be a few

months. But I am

officially married as of the recording, and I'm going to go ahead and use a married filing jointly

example, since that's what I'm going to get to do. Very exciting stuff. That's what keeps me

excited nowadays, guys. Now, some of you are going to joke with me. Is that the only reason you got

married? No, of course not, obviously, but it is a perk. Now, my wife Alice, did say, is this why we're doing it before the end of the year? I said, no, no, no, nothing to do with that. And it's true. It did have nothing to do with that. But we're going to go through an example now so you can get some clarity. So I'm going to go ahead and read through an example. So whether you're watching on YouTube or listening on the podcast, you'll have the same exact experience. Now, my name is Ari. I'm a certified financial planner, host of this podcast, the early retirement podcast and chief growth officer here at Root. and I want to help you retire early with confidence.

So there's not that little thing in the back of your head wondering, oh, I should have thought

about this or why did I miss that?

This is all I do, and I love it.

So let's assume you're 60 years old in this example, and if you're not 60 right now, it

doesn't matter.

You can use the same logic if you retire at 50 or 70, but we're going

to assume you're 60 and you want to withdraw $100,000 in retirement. Now, that's $100,000. I'm calling

that after tax adjusted for inflation. So if you actually want $100,000 to spend, you might need

$120,000 or $135 or $140,000 if you actually actually want to net 100,000. In this example,

we're just going to keep it simple and say you're withdrawing 100,000 in retirement. And I'm going to

...