Advising the Affluent Client: Retirement Distribution Planning

A common misconception is that retirement planning ends when retirement occurs and retirement distributions begin. Nothing could be further from the truth and the failure to plan retirement distributions, especially for the affluent client, can be a financial disaster of unrecoverable proportions. A carefully structured retirement distribution plan must balance income tax, Social Security, and health care account decisions against the timing of distributions from qualified plans, Traditional IRAs, Roth IRAs and personal savings. Therefore, the objective of this lesson is to equip advisors with the competency to recognize vital issues in retirement distribution planning. An understanding of those vital issues will help advisors navigate the maze of tax, Social Security, investment, qualified plan, and IRA rules to create the most effective after-tax retirement income stream for clients. Key topics include: • Managing Distributions o IRAs o Qualified Plans o Annuities o Other Retirement Plans o Stock Options • Social Security Retirement Benefits • Minimizing Income Tax in Retirement • Estate/Beneficiary Distribution Planning