BiggerPockets Money Podcast

The Four Fundamentals of Retirement Drawdown

30 snips
Sep 26, 2025
Sean Mullaney, known as The FI Tax Guy, and Cody Garrett, a certified financial planner, delve into essential retirement drawdown strategies. They discuss four critical rules for tax-efficient withdrawals, emphasizing spending taxable accounts first and delaying Social Security. The duo highlights advanced tactics, like Roth conversions, to maximize tax benefits and healthcare cost management. With insights into the five phases of retirement, listeners discover how to balance income, credits, and taxes for a financially secure future.
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ADVICE

Preferred Drawdown Order

  • Spend taxable brokerage accounts first in retirement before tapping traditional pre-tax accounts. Delay Social Security and use Roths/HSAs strategically to manage taxes and subsidies.
INSIGHT

Five Retirement Phases Matter

  • Retirement divides into distinct tax-planning phases that change strategy over time. Treat each phase differently to optimize withdrawals and benefits.
ADVICE

Use Taxable Accounts Early

  • Live off taxable accounts early to use basis recovery and low capital gains rates. This lowers sequence-of-return risk and avoids taxing dividends and unrevealed creditors.
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