But by withdrawing funds each year from both accounts in a more tax-efficient manner and balancing that with when they take Social Security, there money can be made to last 46 years.
All of this can be shown in concrete numbers through the Income Solver, Reichenstein and Meyer say.
“In this way, the advisor can quantify the value he or she is adding for the client,” Meyer says. “As an industry, we can do better to help clients in retirement. For most middle class Americans, three to 10 years can be added to their portfolios by balancing withdrawals in a tax efficient manner.”