The Optimal Retirement Withdrawal Strategy

Big Picture Retirement®

Devin Carroll

News, Business News, Investing, Business

4.7 • 546 Ratings

🗓️ 15 May 2023

⏱️ 22 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

The sequence that you use to withdraw your money in retirement can make a massive difference in the amount of taxes you pay AND how long your money lasts. In today's episode, we're talking about an alternate way to think about taking withdrawals that very few people are talking about. If you're thinking about retiring, or you've just retired, you're going to be glad you listened to this episode.

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Transcript

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0:00.0	The Big Picture Retirement Show does not provide tax, legal, or financial advice.
0:04.3	Listeners are encouraged to seek out their own advisors in these areas.
0:11.0	Hey, everyone, welcome to the Big Picture Retirement Show.
0:14.1	I'm your host, Evan, joined by my co-host, John Ross.
0:17.4	Howdy.
0:24.3	John... John Ross. Howdy. John, you know that you and I both.
0:27.0	We like to tackle the conventional accepted wisdom occasionally.
0:30.2	Absolutely.
0:30.9	Because it's wrong.
0:32.0	Not all the time.
0:32.8	Not all the time.
0:33.3	It's conventional and accepted for a reason.
0:34.9	It's right for a lot of people.
0:36.1	But it's so broadly applied. It is. And you know what? It's funny because just as you were saying that,
0:41.3	it immediately made me think of bigotry, right? And stereotypes. And particularly, you know,
0:49.5	and things like that, right? You know, Asian people are good at math or something like that, right?
0:56.7	Are there a lot of Asian people that are good at math?
0:58.9	Sure.
0:59.2	But you don't just generalize the entire, you know, two billion community.
1:04.6	And, you know, that's just horribly wrong and stupid.
1:09.0	Yeah.
1:09.5	But if you take it and everybody knows that, right?
	...

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