“Taxes are the single biggest cost in investing,” notes Jack Sharry, LifeYield’s chief marketing officer. His company’s software can help increase a client’s after-tax income by one-third, he says. “We show people how to accumulate assets but also how to withdraw assets more tax efficiently, and we quantify the benefit in dollars and cents. No one else does that.
“The basic idea is that if you can figure out a way to take money out of multiple accounts in a tax-efficient way, you will have more money to spend in retirement.”