Taxes

Browsing through an online article on retirement income one day, I came across a paragraph similar to this: The other consideration is which accounts to withdraw from first. In general, if you have a taxable investment account, you should withdraw from this account before you touch your retirement accounts. Why? Because the longer the investments in your retirement accounts continue to grow tax deferred, the better. That paragraph reflects what is called conventional wisdom, and many people who follow this particular conventional wisdom are paying far more in taxes than they would be if they took a different approach.