Welcome back to the early retirement podcast. This is going to be a great episode for you if you're

anywhere from one to five years out from retirement or even if you're in retirement. Now, if you're

really into retirement planning and you are beyond five years out from retirement, of course,

you can still listen, but I want to be transparent. This is going to be most applicable for those

wondering,

how do I withdraw money in retirement? It's pretty simple when you are working. You have W2 or

you're self-employed and you pay yourself a salary. Income's coming in the door. And there's not a ton

of tax strategy you can do to minimize your bill. I mean, yes, you can do tax loss harvesting.

You can have mortgage interest and itemize different types of deductions. Like, yeah, there's things you can do,

but it's not like there's a ton. The reality is when you retire, that's where the value lies,

because that's when you can withdraw from certain accounts over others. Maybe you have a

brokerage account. It's got a big gain. Maybe you

have all your money in a 401k, and you're wondering, should you convert some to Roth, should you

withdraw more? What about before Social Security comes in? So there's more customization, and that's where

the value lies. So today is going to be a step-by-step guide. I'm going to use a case study so that you can see a real example.

Regardless if your numbers are similar, the same principle applies. So you don't have to go, well, that's not me. I don't have that amount of money. How am I going to do this? You could do the same thing if you had $10,000.

So I don't recommend retiring with $10,000, but to each their own. No, just kidding. So the point here is, guys, I want to keep these videos fun. I want to keep it, you know, entertaining. It's educational fun, informative content. Please don't go execute any strategy here without actually consulting with a financial advisor, tax prepare, a state attorney,

or if you are your own advisor, just please be smart about this.

Nothing should be construed as actual financial advice.

Now, I'm going to be hopping in.

If you are listening on the podcast app, please continue to listen.

This is going to be equally effective for you, I promise.

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