Breaking the Rules on Retirement Withdrawals

Here's the typical advice offered to retirees: In order to limit the drag of taxes on your retirement assets, you should first meet living expenses by taking required minimum distributions, then move on to taxable assets, followed by traditional IRAs and 401(k)s. Roth assets, whether IRA or 401(k), go last in the queue.

However, as explained in this article by Morningstar's Christine Benz, there are some specific instances when it is best to reconsider the conventional wisdom.  

As always, Innovest believes that it is essential for you to consult with your investment, estate planning and tax advisors regarding these complex personal issues.   

Scott Middleton