Would you rather slowly sip a glass of iced tea… or be forced to chug the whole thing at once?
That’s exactly how I think about taxes in retirement.
I see too many people in their 60s and early 70s wait until the IRS forces them to take money out of their retirement accounts. And by then, they may end up paying more in lifetime taxes than they needed to.
So how do you avoid unnecessary taxes?
I call it…
“Sip Your Taxes.”
The idea is simple: take smaller withdrawals from retirement accounts while you have the opportunity… instead of potentially being forced to take much larger withdrawals later on… which can help reduce lifetime taxes.
In other words… sip your taxes instead of guzzling them.
That simple idea could help you keep more of your money.
If you’ve never heard someone talk about retirement taxes this way… give me a call.
I’m George Johnson with V8 Wealth Management.