Here's how: An advisor can help minimize the total taxes paid over the course of retirement by following this withdrawal order: required minimum distributions (mandated by law for investors age 70 1/2 or older who own assets in tax - deferred accounts), followed by dividends and interest on assets held in taxable accounts, taxable assets, and finally tax - advantaged assets. (investor.vanguard.com)
Additionally, less than one in ten (9 %) Canadians — and only 3 % of younger Canadian investors aged 35 - 44 — indicate that saving for retirement is one of their key financial priorities this year. (manulife.ca)
In addition, advisors can help minimize the total taxes paid over the course of retirement by advising an investor to follow tax - smart withdrawal strategies using this order: required minimum distributions (mandated by law for retired investors age 70 1/2 or older who own assets in tax - deferred accounts), followed by dividends and interest on assets held in taxable accounts, taxable assets, and finally tax - advantaged assets. (investor.vanguard.com)