In the following video, senior advisor of The Motley Fool's Rule Your Retirement service Robert Brokamp takes a question from a Fool reader, who asks, "Can a retiree pay the income taxes owed on his/her tax-deferred retirement accounts using funds from a Roth IRA or Roth 401(k) and still have adequate resources remaining within those Roth accounts to have a comfortable retirement?"
What's the best way to manage the tax burden on your retirement funds?
About the Author
Robert Brokamp, CFP®, is a Senior Retirement Advisor and Financial Planning Expert at The Motley Fool, where he has worked since 1999. He serves as a Senior Advisor for GamePlan and hosts the Saturday episodes of the Motley Fool Money podcast. Robert serves on The Motley Fool’s 401(k) and Financial Wellness committees and is the author, co-author, or contributor to eight Motley Fool books. Before joining The Motley Fool, he was a Financial Advisor at Prudential Securities and an English teacher. He holds a B.A. in English and pre-med from The Catholic University of America; an M.A. in Teaching Secondary English from Trinity Washington University; a Graduate Certificate in Financial Therapy and a Master’s in Personal Financial Planning from Kansas State University; and a Certificate in Financial Planning from Georgetown University. Robert also volunteers as a tax preparer for the IRS VITA program and serves on the board of Together We Bake, an organization providing workforce training and personal development to women facing employment barriers.