A successful retirement plan is one that maximizes after-tax cash flow, while managing the risks that can negatively impact the cash flow. The significant risks we focus on are tax risk and risk of loss of principal. The Boyd process of retirement tax planning will explore the tax impact and risks to you of the following three retirement income streams:
Boyd recommends that your plan include a balance between all three income streams, rather than just one or two. This will prvovide you maximum flexibility to control your income streams effectively in the face of significant tax policy changes that impact your cash flow, or market turbulence that threatens your investment values.