One of the things I always encourage people to do is think about when you retire and where you're going to be getting income from, and how much of your income is going to have to come from investments. And early on in retirement, your needs will probably be very different than later on in retirement. And thinking about where you're going to get your income from in each of these buckets can help you determine how to allocate your assets in the different buckets. A lot of times it can make sense to take a larger amount of income out of the tax-deferred bucket early on in retirement. And there's a variety of different strategies on how to do that. But many times it makes sense to take money out of multiple buckets in one year to potentially keep you from going into a higher than needed, higher than necessary tax bracket.

#RetirementPlanning #IncomeStrategies #FinancialIndependence #InvestmentBuckets #TaxEfficiency #AssetAllocation #RetirementIncome #FinancialLiteracy #WealthManagement #futureplanning

DISCLAIMER: The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly. The economic forecasts set forth in this material may not develop.