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By: Tom Roberts CFP®, MBA, posted on 06/20/2017

Optimize withdrawals from your retirement savings

Optimize withdrawals from your retirement savings How you take withdrawals from your retirement and other savings can influence your tax payments, Medicare premiums and how long your savings last. The best withdrawal plan for you depends on your income from Social Security, pensions, annuities and other sources, the amount and location of your savings, and how much you want to pass on.

If you want to optimize your withdrawals from a tax and Medicare premium viewpoint, you need to look at how your income and withdrawals are counted by the IRS and Medicare. Let's consider ongoing income first, and then withdrawals from retirement or savings.

Read the rest of the 6/28/2016 Bradenton Herald article here.