By Arden Dale
Of DOW JONES NEWSWIRES
1 June 2009
NEW YORK (Dow Jones)--Looming tax hikes make it important for retirees who write their own paychecks to rethink the order in which they tap savings accounts.
Conventional wisdom in many quarters is that it is best to use taxable accounts first and let tax-deferred savings compound.
But there are always exceptions, and now "we have to plan knowing tax rates are going up," says Laurence J. Kotlikoff, a professor of economics at Boston University.