As you pass through the various phases of the decumulation process, you will be presented with opportunities that, if exploited, can significantly improve the odds of achieving your goals. Efficiently managing your assets during the withdrawal phase requires not only that you take the long-term view (not trying to minimize taxes in any one year, but minimizing them over your lifetime and beyond), but also that the investment management, estate planning, and tax management be fully integrated. Therefore, it requires that someone with expertise in all three areas act as the quarterback on your financial services team.

Excerpted with permission from Your Complete Guide To A Successful And Secure Retirement by Larry E. Swedroe and Kevin Grogan. Published by Harriman House. © 2019. All rights reserved.

Larry E. Swedroe is director of research for Buckingham Strategic Wealth and The BAM Alliance. Kevin Grogan is director of investment strategy for Buckingham Strategic Wealth and The BAM Alliance.

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