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The old rules of thumb on how much you should withdraw from your retirement savings each year may no longer apply.T he old thinking was 4% a year, but after the financial crisis, new research predicts that is too much and you may run out of money. Three percent may be a better goa

Diversify your retirement assets by adding a Roth IRA, even if you are close to retirement.

Diversity does three things. It creates tax-planning options, gives you the ability to manage your tax liability, and sets up a hedge against future tax increases. With a Roth, contributions are not tax-deductible, but withdrawals are tax-free. Thus, in retirement, the Roth will let you withdraw tax-free money along with your taxable income.

Read: Financial Freedom: ROTH vs. Traditional IRA? You Be The Judge!

Remember, you must pay estimated taxes in retirement. If you’ve been working all your life, you’ve probably had taxes taken out of your paycheck automatically. But when you retire, that’s not necessarily the case. If you’re getting pension payments and taking IRA withdrawals, you’re going to have to get used to writing a check to the government every quarter.

Some financial institutions will let you withhold taxes from retirement plan withdrawals, but you have to set those up. You can also set up withholding from Social Security checks.

Read: Financial Freedom: Will Social Security Be Available For You?