Please stay tuned for important disclosure information at the conclusion of this episode.

Hi, I'm Christine Benz for Morningstar, and welcome to the How to Retire podcast.

It's a companion to my book, which is also called How to Retire.

Each episode will provide a bite-sized lesson about how to do

some aspect of your retirement well. Today's episode will focus on the tricky topic of tax

planning during retirement. To tackle this topic, I reached out to Jeff Levine, whose lead financial

planning nerd at Kitsis.com, and also serves as chief planning officer at Buckingham

Wealth Partners. Jeff is exceptionally good at explaining complex tax matters, so I knew that he would do a

great job of delving into this topic. Jeff, thank you so much for being here. Of course. Thanks so much

for having me. Well, it's my pleasure. And

you are one of the preeminent tax planning gurus in the U.S. So one topic I wanted to discuss with you today

is tax planning in retirement. I often hear from financial advisors that they say that this is one of

the key areas where they can

add value for their clients. But when I talk to individual investors, I sometimes pick up on

less appreciation for that. They really think that they're going to move the needle mainly with

investment selection, maybe portfolio construction. So can you talk about that why tax planning can be so very impactful

once people get into that mode where they're drawing upon their portfolios? Yeah, absolutely. And I think

one of the reasons for that disconnect is that, you know, sometimes what people think about as tax

planning may not be what the client thinks about as tax

planning. In other words, the advisor may look and say, hey, I'm selecting investments and putting them

in the right account. And they may be doing that, but the client doesn't necessarily understand

what's going on there. So there's sometimes an education element that has to occur here.

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