A short YouTube video by Craig Wear, CFP® explaining how different retirement "buckets" (brokerage accounts, annuities, etc.) affect flexibility, access to funds, and tax consequences. The speaker warns that moving money into certain products (e.g., deferred annuities) can reduce access even if they defer taxes.
All those are things that come into all these different buckets. Right. But another consideration is just the flexibility and the access that you might have in these different buckets that you have. If you have all your money in a brokerage account, then you go put it into an annuity. Now, your access is limited. You say you saved a little bit of tax because you're kicking the can down the street a little bit more by putting it into a deferred annuity. But now you can't get to it. And so each of these investment decisions have an impact on what's going to happen in your ability to get income out and what the tax implication is going to be with it.
