[ACEsthetics] New Post/Thread Notification: Retirement & Long-term care

Hello,

Flynch has just posted in the Retirement & Long-term care forum of ACE Dental World under the title of Efficient Retirement Liquidation Strategies.

This thread is located at http://www.acedentalforum.com/forum/threads/2504-Efficient-Retirement-Liquidation-Strategies

Here is the message that has just been posted:
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When assessing and meeting ones income needs during retirment, the given individual needs to devise a plan that will not only meet the income needs but manage the impact of taxes. One of the biggest issues we see today with our clients in this stage of their lives i.e. asset distribution is the general lack of guaranteed income streams. A properly designed plan will calculate the needs to cover essential, recurring expenses and provide guaranteed incomestreams to cover this need i.e. social security, income from annuities, income from properties, dividends, etc. Unfortunately, many of the individuals with whom we work, have positioned themselves for very little guaranteed income and must rely on the liquidation of assets to meet income needs. The big question then becomes, which assets do I liquidate first in order to create the most efficient liquidation strategy possible. As a general rule, we usually recommend that non-retirement brokerage assets be used first, followed by qualified assets, and finally Roth and Cash Value Life Insurance proceeds. This strategy will maximize tax efficiency during distribution. If any of you are approaching or living in retirement and would like to further discuss how to create greater guaranteed income streams or a more efficient liquidation strategy, please feel free to conatct me anytime.
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