Riding out the Recession

Retire Wiser (and Richer)

Joslyn Ewart recalls a couple who'd become quite concerned that the income they were drawing from their investment portfolio was creating a serious drain on the principle.

"The couple had sufficient investments to comfortably provide the income they needed," says Ewart, President of Wayne's Entrust Financial. "But the sources being drawn from had heavy tax implications."

Ewart was able to reconfigure the clients' portfolio disbursements in such a way to save the pair about $25,000 in annual tax payments, reducing their annual income needs accordingly. Principal preserved; case closed.

As important as it is to have enough resources to fund your retirement goals, it's equally important to determine where you'll be drawing that income from those sources. "Taxation greatly affects the value of your nest egg," Ewart says.

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