LifeYield Tax-Smart Withdrawals is an API-based tool for financial advisors choosing how to fund a withdrawal from a client household’s investment accounts. Its engine models the scenario and shows which accounts and assets to sell, and in what order, to meet the requested amount. It supports single-account and multi-account withdrawals across taxable, tax-deferred, and tax-free accounts, including hybrid scenarios at multiple levels. The analysis considers asset location and asset allocation when raising cash, and brings tax-loss harvesting opportunities forward to help offset gains. Advisors can model ad hoc income requests or withdrawals scheduled over time. The product is also described as helping maintain asset location, limit drift from target allocation, and handle rebalancing after a withdrawal. The LifeYield API Library can combine withdrawal planning with tax harvesting, rebalancing, and asset location. Firms can incorporate the API into their own advice platforms, or access SEI LifeYield solutions through a Multi-Account Overlay interface with client-ready proposals and reports. LifeYield was founded in 2008, is headquartered in Boston, Massachusetts, and was acquired by SEI in December 2024. SEI LifeYield says it and its affiliates do not provide tax advice and recommends consulting an independent tax advisor about individual circumstances.
Who it is for
It suits financial advisors and financial services firms coordinating investment and retirement income planning across households with multiple accounts. Firms building proprietary advice platforms can incorporate its API, while the Multi-Account Overlay option provides an interface and client-ready proposals and reports.
What is good
- Models withdrawals across taxable, tax-deferred, and tax-free accounts.
- Shows which assets to sell and the recommended sequence.
- Supports ad hoc and scheduled withdrawal requests.
- Considers asset location, asset allocation, and tax-loss harvesting.
- Can combine withdrawals with tax harvesting and rebalancing.
What to know first
- Access is offered through a demo request, with no trial offer stated.
- LifeYield says it cannot guarantee information security in transit or on its system.
Verdict
Choose LifeYield Tax-Smart Withdrawals if your advisory firm needs to model household withdrawals across multiple account types and account for tax-aware asset positioning. Its API and Multi-Account Overlay delivery options support different firm workflows. Firms seeking a self-service trial or a stated price will need to look elsewhere; pricing is available on request.
Get started with LifeYield Tax-Smart Withdrawals
- Visit the LifeYield Tax-Smart Withdrawals website.
- Schedule a demo to discuss the product.
- Ask about API integration into a proprietary advice platform or the Multi-Account Overlay solution.
- Contact [email protected] with questions about Tax-Smart Withdrawals.
Limits to know first
The product page offers a demo request, but no trial or price is stated. SEI LifeYield and its affiliates do not provide tax advice, and the company recommends consulting an independent tax advisor about individual circumstances.
Questions about LifeYield Tax-Smart Withdrawals
What does Tax-Smart Withdrawals do?
It models a household withdrawal and recommends which accounts and assets to sell, and in what order. It considers asset location, asset allocation, and tax-loss harvesting opportunities.
Which account types does it support?
It supports withdrawals from taxable, tax-deferred, and tax-free accounts, including single-account and multi-account scenarios.
How can a firm access it?
LifeYield says its technology is available through an API that firms can incorporate into their proprietary advice platforms. SEI LifeYield also offers a Multi-Account Overlay solution with an interface, proposals, and reports.
How much does it cost, and is there a free trial?
Pricing is on request. The product page invites visitors to schedule a demo and does not state a trial offer.
Does it provide tax advice?
No. SEI LifeYield says neither SEI nor its affiliates provide tax advice and recommends consulting an independent tax advisor about individual circumstances.
Who owns LifeYield?
LifeYield was acquired by SEI in December 2024.
LifeYield Tax-Smart Withdrawals plans and pricing
All plansCompared on tax planning software
- Scenario modeling
- Yes
- Capital gains modeling
- Yes
- Retirement income modeling
- Yes
