So for example, if you have to pay for health insurance prior to Medicare, and you have these 3 buckets, and you want to keep your modified adjusted gross income low, you might not want to get all your income from your tax deferred bucket because that's going to increase your taxes and increase your health insurance costs.

You might want to look at taking money from one of these buckets, preferably the non-qualified bucket, if you can take withdrawals of that basis that I just mentioned absolutely tax-free. And that will also not increase the cost of your health insurance.

So to me, it makes sense to look at each of these different buckets independently from one another to determine how much of each bucket needs to be managed for short-term needs versus long-term needs based on your ten-year tentative game plan.

#RetirementPlanning #IncomeStrategies #TaxOptimization #HealthInsurance #FinancialAdvice #MedicarePrep #WealthManagement #InvestSmart #FinancialFreedom #BucketStrategy

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.