FINANCIAL LITERACY

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.

Tim discusses the taxation of Social Security income and highlights the provisional income formula. He also discusses how adjusted gross income can affect Medicare premiums.

Changes in RMD ages provide more "gap years" for tax planning, allowing individuals to lower their lifetime tax liability. We also look at how capital gains on mutual funds affect taxes in retirement.

By implementing tax planning strategies, you can make informed decisions that maximize your retirement income and minimize your tax burden.

Are you worried about the looming threat of a retirement tax bomb? In this short video, I'll explore what the main problem is and how it relates to paying too much in taxes during retirement!

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.

What is a retirement tax bomb? This episode covers the problem and how it can lead to an income tax bomb and a Medicare tax bomb. We also discuss the widow's tax and how an income tax bomb can affect your heirs.

In this episode of Retire You Way Radio, we talk about more than just money. We look at the relationship of money, health, and time and how to maximize those resources to create memorable experiences throughout your life.

Parts of the SECURE Act 2.0 go into effect January 1, 2023. There is a lot to unpack, but Tim hits on the highlights and how it will affect your retirement.

On Retire Your Way Radio, I talked about annuities and how to decide whether or not to include them in your retirement portfolio.

A break-even analysis is useful for comparing investments, but Social Security is not an investment. Social Security is more like an insurance policy.

On Retire Your Way Radio, Tim shares a list of 7-figure retirement dos and don’ts. List lovers will appreciate these 8 financial tips for a successful retirement.

Moving to a state with no income tax in retirement sounds great, but what about property taxes, sales taxes, and insurance rates? Move for lifestyle, not taxes!

The jump to retirement is a big change after working full time for many years or decades. But what if you could start with a part-time retirement? Here's how!

2021 has been called the Great Resignation as Americans chose to leave their jobs in record numbers. But is the Great Resignation sustainable for retirees?

Raise your standard of living for half the cost by living abroad? On Retire Your Way Radio, I share some benefits and tips for living abroad in retirement.

Are you considering Social Security? On Retire Your Way Radio, I give you the facts beyond the headlines about Social Security being depleted sooner than expected.

Do you feel a rush to retire? On the Retire Your Way Radio podcast, I review an article about more Americans considering retirement now due to the pandemic.

On Retire Your Way Radio, I share how to decide if you can self fund for long-term care and the two types of long-term care insurance with pros and cons.

In this episode of Retire Your Way Radio, I talk about 4 financial mistakes made in 2020 and 3 general financial mistakes that are not specific to 2020.