Financial Education

Discover the powerful strategies of tax loss harvesting and asset placement to optimize your investment portfolio and reduce your tax burden.

Tim discusses the "retirement tax bomb" - the large tax liability many retirees face from their pre-tax retirement accounts, like 401(k)s.

Tim covers 5 problems with dividend investing and what he believes to be a superior long-term investment strategy.

See how Tim helped a couple with $1.5 million retire comfortably through tax planning, analyzing expenses, and determining probabilities.

Tim clarifies RMD rules and highlights the IRS's recent decision to waive penalties for failing to take RMDs from inherited IRAs under the 10-year payout rule for the 4th consecutive year.

Maximize your retirement savings with strategic Roth IRA conversions. Discover how to thread the needle each year to minimize taxes and avoid higher Medicare premiums later.

Tim explains the often confusing Roth IRA 5-year rule in detail, including the 5-year contribution rule and the 5-year conversion rule.

Whether you're navigating inheritance or planning your estate you'll want to know how the 10-year RMD rules work for inherited IRAs. Tim provides clarity on distribution timelines, tax implications, and beneficiary designations.

In this video, Tim discusses Individual Retirement Accounts (IRAs) as well as inherited IRAs, beneficiaries of different account types, and some estate planning items to consider.

Tim outlines the tax implications of pre-tax, Roth, and taxable accounts, and he discusses managing taxes and locations of investments for optimal tax efficiency in retirement.

Tim discusses options for 401(k) accounts considering fees, investment options, and account consolidation. He outlines rules for withdrawing from retirement accounts before age 59.5, like the rule of 55.

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.

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 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.

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.