401(k) and IRA Distribution Planning

Saving for retirement is half the battle. Withdrawing from your retirement funds so they provide a steady income after you stop working presents a whole other set of challenges. Some professionals believe as much as 70% of your hard-earned retirement funds can be eaten up by income, estate and state taxes.

When you retire, you have to decide what to do with your 401(k) money. Generally speaking, you will have some, if not all, of the following five choices: leave your money parked in the plan; take a lump- sum distribution; roll the money into an IRA; take periodic distributions; or purchase an annuity through an insurer recommended by the plan sponsor (i.e., your employer). All have different advantages and consequences depending on your personal situation. We help you to make sense of these choices, and win the other half of the battle.