Retirement Income Planning STEW Process: Smart Tax Efficient Withdrawal Process(For Near Retirees and Retirees)Retirement Budget and Cash flowCreate a budgetIdentify payment plan for remaining debtSet aside 1-2 years of expenses in cash (saving/checking, CDs and money market)To cover large unexpected expensesTo bridge a market correction or a prolonged period of market volatility Maximizing Income - Is there enough income from Pension, Social Security and Annuities, to cover the fixed costs identified in the budget?For Remaining Fixed Costs and Discretionary ExpensesDevelop tax sensitive spend down plan for accountsEmployer plan(s)IRAsRoth IRAsTaxable Brokerage AccountsInsurance - Cash Value PolicyTax Bracket – create enough income to meet the budget but not exceed the maximum sustainable withdrawal rate. Also, the goal is to avoid or minimize adding income that will taxed at the next higher bracketAdditional IncomeHome Equity – is a sale, downsize and/or refinance part of the plan? Rental Income – how much can be attributable to retirement income?Business Sale – how are proceeds being paid?Part Time Employment Get Access to Exclusive Content This page is only available to members of our community. Join us today and get full access. First Name Last Name Email Address Thank you! Oops!