What Order Should I Pull Funds in Retirement? | The Limitless Retirement Podcast

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Many retirees unknowingly set themselves up for higher taxes by following outdated withdrawal advice. Danny Gudorf explains why focusing on tax brackets—not account order—is the smarter path. His three-bucket strategy, combined with careful management of RMDs and Social Security, offers a practical way to minimize taxes and maximize retirement income.

Key Takeaways

• The order of withdrawals in retirement affects lifetime taxes.
• Filling tax brackets strategically can save significant money.
• Roth IRAs should be preserved for as long as possible.
• Required minimum distributions can push retirees into higher tax brackets.
• Social Security benefits can be taxed based on other income.
• Understanding tax brackets gives retirees control over their taxes.
• Tax bracket arbitrage can optimize tax situations.
• It's essential to manage overall income levels in retirement.
• Working with a financial planner can enhance tax efficiency.
• Long-term tax optimization is key to retirement planning.

Resources:

• Gudorf Financial Group
• Get Your Free Retirement Assessment
• The Retire Ready Toolkit (free resource)
• Subscribe on Youtube