Tax-Smart Strategies For Account Withdrawals | Old North State Wealth News
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Tax-Smart Strategies for Account Withdrawals



One of the upsides of retirement is that for the first time in years, you have control over your time. If you want to spend the afternoon watching Bonanza reruns, well, no one is going to stop you. 

Retirement also gives you more command over your money. While you’re working, you have limited control over how often or how much you’re paid, which limits your ability to lower your taxes. But if you’re drawing retirement income from a combination of different types of accounts, you can control not only the amount you withdraw but also the sources of those withdrawals — and that could have a big impact on your taxes now and in the future. 

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