Considering a withdraw from your retirement accounts? Watch this first!

When you need to take a distribution from your investment accounts there are a lot of factors to consider. What are your long-term goals for this account? What are the tax ramifications? Are there penalties associated with the distribution?

There are some strategies that work in many circumstances, but if you are not careful, then following a traditional distribution plan could cost you in taxes and penalties. Before making any decisions about distributions, take some time to determine what path will be right for your goals and specific circumstances.

Join us as we discuss distribution strategies.

This content was written by Spencer S. Hall CFP®, RLP ®, CKA ®, MBA, MDiv

Spencer is a Certified Financial Planner™ with 14 years in the field of retirement and financial planning. As a second-generation financial advisor at Retirement Planning Services, Spencer brings a wealth of experience and passion to help clients align their wealth with their core values.

Advisory services offered through Retirement Planning Services, LLC.

The information in this article is intended for general educational and informational purposes only, and should not be construed as investment advisory, financial planning, legal, tax, or other professional advice based on your specific situation. Please consult with your professional advisor(s) before taking any action based on its contents.