Hear from founder and president, Tim Doehrmann.
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.
Look at a real-life case study of a couple worth $2.4 million sitting on a "tax bomb." 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.
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!
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 asset location can be combined with your desired asset allocation to reduce your taxable income.
Tim expertly covers the three main types of accounts and their tax implications with capital gains. He also explores tax loss harvesting and the potential tax burdens of passing different types of accounts to beneficiaries.
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.
The U.S. income tax code has always had seven tax brackets based on income level, but the rates have fluctuated based on economic policies, political agendas, and societal needs.