Michael Becker shares his insights on strategic considerations for retirees in the Investopedia article titled, “How a 457 Plan Works After Retirement: Withdrawals and Rollovers.”
“Becker said he cautions against attempting rollovers unless you understand that by doing so, you’ll be forfeiting your ability to withdraw from the plan before the age of 59 ½ penalty-free.”
He goes on to say:
“Retirees should consider coordinating withdrawals with other income sources, such as Social Security and pensions, to optimize their yearly tax bracket.”
Book a call with our team to learn more about the strategies that minimize financial, medical, and tax liabilities throughout the transition into retirement.
Michael is a highly knowledgeable and experienced partner at Toberman Becker Wealth in St. Louis. With his background in investment management, behavioral finance, and retirement planning, Michael is dedicated to providing his clients with the best financial guidance possible.
Having worked with clients on complex estate planning and developing investment strategies for a team of advisors, Michael’s experience spans across various areas of financial planning. What truly sets him apart is his unyielding desire to acquire knowledge for the betterment of his clients. At Toberman Becker Wealth, this commitment to continuous learning is the foundation upon which exceptional client experiences are built.
Michael earned a Bachelor of Science degree in Finance and Banking from the University of Missouri – Columbia. Additionally, he holds designations as a Chartered Financial Analyst (CFA) charterholder and Certified Financial Planner (CFP).
Beyond his professional achievements, Michael enjoys a fulfilling personal life in St. Louis. Living with his wife, Lindsey, and their beloved dog, Birk, he finds joy in activities such as golfing together and exploring local restaurants.