Retirement Distribution Planning

Our team’s approach to retirement distribution planning is rooted in collaboration. We engage with clients and their other professional advisors to understand each client’s unique financial situation, aspirations and concerns. This partnership allows us to craft personalized solutions that address both immediate needs and long-term goals. Our estate planning attorneys coordinate with financial advisors and tax professionals to deliver a cohesive strategy that maximizes your retirement income while minimizing risks, ensuring that you can enjoy your retirement without financial stress. For many clients, effective planning also involves ensuring that some portion of retirement assets remains to pass on to their surviving spouse or other family members, or to establish a charitable legacy.

Retirement distribution planning involves the strategic management of retirement assets to ensure a sustainable income stream during retirement. This process includes analyzing various sources of retirement income, such as Social Security, pensions and personal savings accounts, like IRAs and 401(k)s. A well-structured distribution plan considers the timing and amount of withdrawals, helping clients navigate tax implications and maintain their desired lifestyle. Our attorneys work closely with clients to consider the timing of retirement plan distributions and analyze other strategies, such as Roth conversions or qualified charitable distributions.  Given their unique tax characteristics, retirement plan assets require special attention in legacy planning, and our attorneys are experienced in helping clients position retirement plan assets to be the first assets used to effectuate a client’s charitable legacy or consider the complexities that come with leaving such assets in trust for family at death.