January 29, 2010, Newsletter Issue #105: Smart planning for your retirement

Tip of the Week

Careful retirement planning means deciding in what order to use your retirement plan resources. After you've stopped working, use up your non-retirement money first. When you sell non-retirement investments, the only taxes you pay are on the increase in price. With retirement investing that you have contributed to with pre-tax dollars, money you withdraw is taxed as ordinary income in the year you liquidate the investment. Always, always try to defer taxes as long as possible.

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