Living in Retirement: Have a Solid Withdrawal Strategy

Understand how withdrawals impact your savings

It's important to have a strategy for your withdrawals so that you can help your savings last through retirement. As you enter retirement, you may start withdrawing from your savings in order to provide a stream of income. Also, if you have a Traditional IRA or other tax-deferred retirement account, there are mandatory withdrawals known as minimum required distributions (MRDs), once you reach 70½. Learn more about MRDs.

With all these withdrawals, it's important to be strategic so that your savings can last. You may want to consider reinvesting a portion of your distributions. Also, your withdrawal strategy should factor in tax considerations so that you can make informed decisions about which accounts to withdraw from first. Be sure to:

  • Understand withdrawal tax considerations.
  • Prepare for required withdrawals from your accounts.
  • Consider consolidating your savings to help manage withdrawals.

Learn more

Income Diversification (PDF)
Learn about creating a plan to support your lifestyle in retirement.

Next steps

Stay Focused on Your Goals
See how we can help you keep tabs on your portfolio and make sure it continues to stay aligned with your goals throughout your retirement.

Retirement Distribution Center
Learn more about how to manage your MRDs, including having your paid MRD taxes tracked, with the Retirement Distribution Center.