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When an Ounce of Discretion(ary) Is Worth a Pound of Core

by Jonathan Guyton, CFP®

We’ve all been there with a retired client.

The “paycheck” from their retirement is being deposited regularly. The taxes it will generate are being withheld. This total annual income distribution meets our definition of one that seems quite safe and sustainable for the remaining retirement years. From a cash flow, distribution, and tax planning standpoint, everything is going according to plan.

Reprinted with permission by the Financial Planning Association, Journal of Financial Planning. For more information on the Financial Planning Association, please visit www.fpanet.org or call 1.800.322.4237.