Liquidating a roth ira
You may want to delay withdrawals from an annuity as long as you can, because the older you are when you start your payouts — annuitizing the asset — the greater your payout amount will be, although it too will be at least partially taxable.
As a retirement saver, you may have accumulated tax-deferred money in an IRA, a 401(k) or 403(b), or an annuity.
You also may have earmarked certain taxable money for retirement, such as stock you inherited from a deceased relative.
So by the time you actually enter retirement, you may have both taxable and tax-deferred resources.
To make the most of your money, does it matter which assets you sell first to create retirement income?
Doing so means you pay less tax now and you allow any other retirement savings you have to keep growing.