It's not uncommon for people to reach their retirement years with money socked away in different types of accounts: a 401(k) from work, some personal money in a brokerage account, and maybe some Roth IRAs, to name a few.
Once you reach the stage of life where that money needs to be withdrawn, the important question is this: from which account(s) should my funds be taken out, and in what order? Do I spend my fully-taxable IRA money first, do I defer and use the Roth or personal funds, or some combination of all?
Getting it right is vital. Find out more about the "Spending Order of Funds" with podcast host Johnny Dean and his guest, "Professor" Rick Plum, CFP® on this week's episode of Managing Your Financial Future!
