From Savvy Saver to Smart Spender: How to Pick a Tax-Wise Retirement Withdrawal Strategy

An excellent overview of the key tax levers and considerations for establishing a retirement savings withdrawal plan. Daniel McDonald builds a strong case for a non-intuitive withdrawal approach with the potential for significant tax savings. A quick read, with an admirable sprinkle of humor, considering the pretty dry subject matter. The web-based tool that was developed for the book is flexible and easy to work with. I will recommend this book to all my baby boomer friends that are nearing retirement.

This book does a great job of making a difficult subject understandable. On the website, you can type in your situation and a few variables and out comes your tax costs. You can tweak the inputs to see what would give you the most savings from taxes.Good place to start your education on retirement planning.

There are simple takeaways for people with retirement funds on when, from where, and how much to withdraw during retirement. The website that goes along with the book is easy to use and gives another perspective from a tax viewpoint that many may not have thought about up until now.