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Friday, September 7, 2012
The study by Coopersmith, Sumutka, Arvensen of Rider University entitled "Optimal Tax-efficient Planning of Withdrawals from Retirement Accounts" shows that CW is not always correct. In the critical period leading up to the RMDs at age 70 and 1/2, it may pay to draw funds from IRAs, etc. Avoiding RMDs that throw a retiree into a higher tax bracket can have an important impact.
An overview of the study is presented by Susan B. Garland of Kiplinger in "A New Rule of Thumb for Tapping Savings."