Roth, Personal, or IRA Funds: Which Should You Spend First?

Managing Your Financial Future with Lucia Capital Group

Once you hit retirement, you'll probably have money in several types of accounts: a 401(k) from work, some personal money in a brokerage account, your regular checking account at the bank, and maybe some Roth IRAs, to name a few.
Once it's time to start withdrawing that money, the important question you should ask yourself is this: from which account(s) should my funds be taken out, and in what order? Do I spend my fully-taxable IRA money first, do I defer and use the Roth or personal funds, or some combination of all of them?
Getting it wrong can be costly, and detrimental to your financial health. Find out more about the "Spending Order of Funds" with podcast host Johnny Dean and "Professor" Rick Plum, CFP® on this week's episode of Managing Your Financial Future!