We routinely rail against rules of thumb, as demand for customization from boomer retirees renders them increasingly obsolete — and dangerous.
Two areas of financial planning in particular bring this to bear — the coordination of Social Security with the overall retirement portfolio, and the subsequent tax-efficient distribution of accumulated assets.
Conventional wisdom dictates that retirees withdraw assets from their taxable accounts first, their tax-deferred accounts (401ks) second and their tax-exempt accounts third.
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