Updated for 2024:

Saving and properly investing money tends to be the focus for people as they work toward retiring. But once you get into the retirement critical zone (within 10 to 15 years of retiring), the focus should include a withdrawal strategy. The strategy can help you keep more of what you’ve earned by timing when and where your money comes from, prolong the life of your money, and allow you to give less to Uncle Sam by using tax-smart tools. Having an understanding of the impact a withdrawal strategy can have on the money you have for retirement can be empowering and help you make better decisions about your finances.

In this guide, you will learn about: 

  • Withdrawal Strategy Basics
  • Traditional Withdrawal Strategies
  • Tax-Smart Strategies