mfields2
Employee Tax Expert

Retirement tax questions

Hello - 

Our focus is on taxes and the tax implication of withdrawals, and you should probably have a financial adviser review your accounts to suggest a strategy.  But here is some general advice about withdrawals and tax implications of those withdrawals:

 

1) Roth accounts (if you have any) give you the greatest flexibility in choosing a distribution point (because they can be withdrawn without taxes) BUT also can provide the best "inheritance" of all "qualified" (tax-deferred) retirement accounts. 

 

2) Withdrawals in retirement will affect how much of your social security will be taxed.  See the information in this post for a deeper explanation:  https://ttlc.intuit.com/community/retirement/help/why-did-the-taxable-amount-of-my-social-security-b... .  

 

Your question is probably more about investment strategy and "stretching out" your existing accounts to make sure that you don't  deplete them too quickly, which is beyond the scope of what we can answer here.

 

 

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