How Tax Planning Can Extend Your Retirement Income

Retirement planning is not just about investments, it is also about tax efficiency. Withdrawals from IRAs and 401(k)s are taxed as ordinary income. Without coordination, you could push yourself into higher brackets unnecessarily. Strategic sequencing of withdrawals and proactive planning can help preserve more of what you have built. Daniel Aaron Smith IV, CFP®, ChFC®, CLU®, CASL, CEPA Managing Partner, Signature Wealth Partners Financial Planner, RJFS Private Wealth Advisor Opinions expressed in the attached article are those of the author and are not necessarily those of Raymond James. All opinions are as of this date and are subject to change without notice. Raymond James and its advisors do not offer tax or legal advice. You should discuss any tax or legal matters with the appropriate professional. Every investor's situation is unique, and you should consider your investment goals, risk tolerance,e and time horizon before making any investment. Prior to making an investment decision, please consult with your financial advisor about your individual situation. Investing involves risk, and you may incur a profit or loss regardless of the strategy selected, including diversification and asset allocation.

Added 19 May 2026