Hear from founder and president, Tim Doehrmann.
In this episode of Retire Your Way Radio, I describe how our dynamic distribution strategy with guardrails works for providing on-going retirement income and how we determine how much money you can safely withdraw from your investments in retirement.
This week on Retire Your Way Radio, I talk about 4 strategies to consider in your Social Security planning process plus what you can do if you are not happy with the Social Security decision you have already made.
This episode of Retire Your Way Radio covers how to use Roth IRAs for tax planning. This includes how to reduce your lifetime tax liability by using Roth IRA conversions, how to get more money into a Roth IRA using the “backdoor Roth” method, and how you can use a Roth IRA for college savings.
A Roth IRA is a great tax planning tool to include in your retirement plan. Roth IRAs can be used to save for retirement, save for college (bet you didn’t know that one!), and convert traditional IRA assets. In this article, I talk about the difference between traditional IRAs and Roth IRAs and explain the Roth IRA contribution limits and Roth IRA distribution rules.
Continuing with the theme of tax planning, I’m going to cover a listener question: Will capital gains push me into a higher tax bracket? Then I will give some thoughts on the financial advice industry as a whole.
There is a lot of confusion about President-elect Joe Biden’s tax proposals. And with the state of the economy and a nearly split Senate, it’s hard to say what tax changes could actually be passed in 2021. Today, I’m going to highlight some of Biden’s tax proposals and what they could mean for your retirement.
Since we specialize in working with clients close to or in retirement, Medicare is often a topic of conversation and always a part of our planning process. Today, I am going to touch on some of the basics of Medicare.
Today we’re going to test your knowledge about Social Security. Social Security is one of those things that most of us don’t think much about until we get close to retirement. Of course, that's only natural! However, I’m in business to help you put all the pieces together before and when you get to this phase.
Today we welcome Scott Witzig of Morton Community Foundation to Retire Your Way Radio as our first podcast interviewee. In this interview, I asked Scott a few questions about Morton Community Foundation and donor advised endowment funds.
There are several nuances when it comes to inheriting the assets of an IRA. This depends on the relationship of the beneficiary to the IRA owner, whether the IRA was funded with pretax or after-tax money, and whether the account owner was required to take minimum distributions. I will touch on some of those nuances here as a guide of things to think about when it comes to planning your legacy. However, please consider talking to an estate attorney about your specific situation.
We focus on tax planning here at Eagle Ridge Wealth Advisors. Today I’m covering four ways to use charitable giving to your advantage to reduce your tax liability.
In this episode, I discuss estate planning, including why estate planning is important, common misconceptions about estate planning, and how to get started with estate planning.
Today, I’ll cover the main types of insurance coverage and how to determine what coverage you need. The types of insurance covered are life, disability, umbrella liability, property and casualty, and long-term care insurance.
In this week's episode of Retire Your Way Radio, I talk about how to assess the possible impact of the coronavirus (or any future pandemic) on your investment portfolio. I also use the story of Andy Dufresne from Shawshank Redemption as a great example of playing the long game.
This week we dig into Social Security. Optimizing Social Security is one of the biggest value-adds a good advisor can provide to the retirement planning process. I talk about why you shouldn't claim Social Security benefits just because you can, how important Social Security is for so many Americans and why the Social Security program isn't going anywhere anytime soon.
In an update to a recent episode about initial public offerings, I talk about why my opinion about IPOs hasn’t changed by discussing two recent IPO examples. Then, I'll describe why it's important for my firm to be the high-value option for financial planning by telling a story about a recent conversation with a prospective client.
In this episode of the Retire Your Way Podcast, I discuss risk management, and particularly whether or not you should buy long-term care insurance to supplement your retirement plan.
Retire Your Way Radio is a podcast hosted by me, Tim Doehrmann, CFP. In this first episode, I talk what you can expect in future episodes and why someone would want to work with a fiduciary. I also describe my backstory including how I went from running a hardware store to running a fiduciary, registered investment advisor firm.
A financial plan is used to reduce your stress about money, support your current needs, and build a nest egg for retirement. Continue reading to get started.
It can be difficult to put yourself in someone else’s shoes and this is certainly the case when it comes to money. However, helping them find an understanding or compromise can be rewarding for everyone. Like with most things, an objective third party can add great value to this type of situation.