[Video] Is $1 Million Enough to Retire at 65?
Tim breaks down whether a $1 million nest egg is enough to retire on at age 65 in 2024. He discusses Social Security, Medicare, and strategies for withdrawing retirement income.
Hear from founder and president, Tim Doehrmann.
Tim breaks down whether a $1 million nest egg is enough to retire on at age 65 in 2024. He discusses Social Security, Medicare, and strategies for withdrawing retirement income.
Does retirement income get taxed in Illinois? Find out in this quick overview of Illinois tax laws. We also examine property, sales, gas, alcohol, and other taxes IL residents pay.
Our 50 united states have a wide discrepancy in the way they tax retirement income. So location can be an important consideration in financial planning for retirement.
Is it inflation or is it ‘lifestyle creep’ that is really draining our bank accounts? Let's address what is actually making us feel like we have less money.
Tim breaks down the "behavior gap" and why avoiding marketing timing and opting to stick to a well-thought-out financial plan is crucial for retirement success.
Get the lowdown on how expiring tax laws could impact you in 2026. Tim breaks down the potential effects of the TCJA sunset and strategies you can take to prepare.
Five crucial mistakes that often slip under the radar for retirees can cost them large sums of money, often reaching into the hundreds of thousands, if not millions of dollars, over the course of their retirement.
Tim unveils a real-life case study of a couple worth $2.4 million. They were sitting on a "tax bomb" set to explode to over $1.7 million in taxes! Tim's strategy of Roth conversions and withdrawal planning could save them $2.2 million!
Tim discusses the difference between Roth IRA contributions and Roth IRA conversions. He also outlines the benefits of Roth IRAs.
Tim discusses Dave Ramsey's controversial recommendation that retirees invest 100% in equities and withdraw 8% annually.
Tim Doehrmann shows how your monthly Social Security payment is affected if you claim early at age 62 or delay until 70. Determine the best strategy for your retirement by understanding the complex rules around spousal benefits, taxes, and work earnings.
Tim breaks down the 20 most common investment mistakes as outlined by the CFA Institute. This emphasizes the importance of planning ahead, minimizing emotional decisions, considering risk tolerance, and the importance of partnering with a financial professional.
Which accounts will serve you best in retirement? Tim breaks down the key factors to consider during your retirement planning and stresses the importance of balancing cash inflows vs. cash outflows.
Tim shares how calculating your retirement expenses and choosing the right investment accounts can mean the difference between living your retirement lifestyle dreams and running out of money!
How Can You Increase Your Social Security Benefit? In today's video, I will share a few simple strategies to boost your Social Security benefits during your retirement.
Knowing how to navigate capital gains tax rules can literally save you thousands of dollars immediately and tens of thousands, if not millions, over the long haul!
Tim discusses a little-known benefit in the US tax code: the 0% tax rate on investment income. Certain individuals may pay no taxes on capital gains from taxable investment accounts.
In this short YouTube video, Tim describes what the widow's or widower's tax is. With careful tax planning, you can avoid this this extra tax hit at an already difficult time in your life.
Tim talks about how to reduce your lifetime tax liability by using Roth IRA conversions, how to get more money into a Roth IRA with a “backdoor Roth,” and how to use a Roth IRA for college savings.
In this podcast episode and on YouTube, I talk about how asset location can be combined with your desired asset allocation to reduce your taxable income.