Advisers must consider the real-world impact of fees and taxes on a sustainable withdrawal rate during retirement, according to financial blogger Michael Kitces. He examines research that has modeled how taxes and fees affect withdrawal rates, but the application of these adjustments can be complex. Kitces discusses how to incorporate adjustments for taxes and other expenses to arrive at a safe withdrawal rate recommendation for clients. Access more resources, including a webcast series and in-depth newsletters, from Michael Kitces on safe withdrawal rates.
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