Rider Faculty Share Retirement Tips with Kiplinger
Lewis Coopersmith (left) and Al Sumutka told Kiplinger's Retirement Report how to save money through selective IRA withdrawals.
In the September issue of Kiplinger’s Retirement Report, Rider faculty members Al Sumutka, CPA, associate professor of Accounting, and Dr. Lewis Coopersmith, associate professor of Management Sciences, share new strategies of tapping into retirement savings.
Instead of following the traditional advice of withdrawing savings from taxable accounts, Sumutka and Coopersmith explain how withdrawing from traditional IRAs might keep one in a lower tax bracket and increase wealth over time. Read A New Rule of Thumb for Tapping Savings.
Sumutka and Coopersmith created a comprehensive tax model in order to produce 15 different retirement withdrawal strategies. Their research was initially published in the April 2012 issue of the Journal of Financial Planning.
Sumutka publishes primarily in the area of taxation and his research has appeared in The Journal of Financial Planning, The Journal of Accountancy, The Tax Adviser, Taxation for Accountants and The CPA Journal. Coopersmith’s research has appeared in Journal of International Business and Economy and Journal of Financial Planning. He has presented at various conferences, and provides consulting to industry and government on forecasting and market dynamics.