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The good news is that many people are entering the decade before retirement with substantial monies in investment and retirement accounts to supplement their Social Security. The bad news is that the rules associated with how to take distributions from those accounts are complex and not well understood. As a result, retirees are paying substantially more in taxes than they should, which is a shame, as most of these taxes could be avoided or reduced with proper planning.
Develop a retirement distribution optimization strategy
You must have a retirement tax strategy that manages your assets for an "optimal drawdown" so you pay as few taxes as necessary. And this strategy should be revisited each year in retirement.