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Which type of financial advisor should I consult to determine the optimal drawdown strategy to minimize taxes in retirement?

I'm retiring from the federal government in 2019 and my wife is retiring at the same time. Our savings are comprised of my thrift savings plan, her 403(b) and 401(k). We also have shared money outside our workplace savings in Roth retirement accounts, taxable investment accounts, and taxable mutual funds. Who should I consult to ensure my drawdown strategy is optimized to minimize taxes? I have been told to look into hiring a tax attorney, but have also been suggested to look into an investment advisor. Do some advisors specialize in drawdown versus the accumulation phase of retirement planning?

Financial Planning, Retirement, 401(k), Choosing an Advisor, IRAs
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March 2018

You should look into meeting with a fee-only financial advisor/planner. NAPFA is a great resource and directory for these types of professionals. You may also look for a CFP or certified financial planner. 

Professionals with those affiliations or designations are held to the highest standards and work to eliminate as many conflicts of interest that may sway their advice. For example, your TSP account probably has very low-cost investment options, it may or may not make sense to roll the funds out of that account into an IRA in retirement. A non-fiduciary would be inclined to recommend you do so to get paid on assets/commissions even if it's not necessarily the best choice. 

Most advisors will meet/chat with you for free initially so you can get a feel if it's a right fit. Best of luck and congrats on the coming retirement!

Best,

March 2018
March 2018
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March 2018