In this conversation, Ben and Matt discuss the importance of continuing to invest once you retire. They highlight the reasons why investing in retirement is necessary, such as longevity, unexpected expenses, and growth. They also emphasize the need for proper asset allocation based on risk tolerance, time horizon, and legacy goals. Additionally, they discuss the strategic withdrawal of funds from retirement accounts to maximize growth and minimize taxes. In this conversation, Ben and Matt discuss the importance of tax planning in retirement and the strategies to consider. They emphasize the need for a specific strategy when it comes to using investment accounts and drawing income. They also discuss the factors to consider when deciding when to claim Social Security benefits and the growth rates of benefits based on age. The conversation then shifts to withdrawing from 401(k) and IRA accounts before required minimum distributions (RMDs) kick in, and the potential tax implications. They also touch on the use of Roth conversions and the timing of tapping into Roth accounts. The conversation concludes with a discussion on the importance of having a formal retirement investment plan and the benefits of working with a financial advisor. Reach out to Ben and Matt at 877-249-6900 or https://soundpathretirement.com/See omnystudio.com/listener for privacy information.

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