Retire Your Way Radio

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Your host, Tim Doehrmann, CFP®, wants to make sure you don’t run out of money in retirement. We spend our entire lives building and saving for retirement and Tim's goal is to help you turn those savings into income without getting killed in taxes! This show covers financial topics in the news, basi…

Tim Doehrmann


    • Aug 2, 2023 LATEST EPISODE
    • every other week NEW EPISODES
    • 10m AVG DURATION
    • 61 EPISODES


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    Latest episodes from Retire Your Way Radio

    Tax Efficiency - Tax Loss Harvesting & Step-up in Basis, EP 060

    Play Episode Listen Later Aug 2, 2023 9:25


    Tim expertly covers the three main types of accounts individuals may possess and their corresponding tax implications with capital gains. He also talks about tax loss harvesting as a way to offset gains and reduce tax liability with caution. Finally, he explores the potential tax burdens of passing on money in different types of accounts to beneficiaries. For more information, visit the show notes at https://erwealth.com/podcastblog/tax-efficiency-tax-loss-harvesting-and-step-up-in-basis

    How Social Security & Medicare are Taxed: TIR 201 Part 2, EP 059

    Play Episode Listen Later Jul 26, 2023 9:04


    Tim discusses the taxation of Social Security income in retirement and highlights the provisional income formula, which determines the taxable portion of Social Security. He also discusses how adjusted gross income can affect Medicare premiums, also known as Income Related Monthly Adjustment Amount or IRMAA. For more information, visit the show notes at https://erwealth.com/podcastblog/how-social-security-and-medicare-are-taxed

    RMDs & Capital Gains: Taxes in Retirement 201 Part 1, EP 058

    Play Episode Listen Later Jul 19, 2023 7:01


    Changes in RMD ages provide more years for tax planning, allowing individuals to lower their lifetime tax liability. Tim also discusses how capital gains on mutual funds affect taxes in retirement.  For more information, visit the show notes at https://erwealth.com/podcastblog/rmds-capital-gains-taxes-in-retirement-201-part-1

    Taxes in Retirement 101, EP 057

    Play Episode Listen Later Jul 12, 2023 7:39


    Understanding how taxes relate to you in retirement is crucial for effective financial planning. By considering the tax implications of different income sources, implementing tax planning strategies, and staying informed about federal and state tax laws, you can make informed decisions that maximize your retirement income and minimize your tax burden. For more information, visit the show notes at https://erwealth.com/podcastblog/taxes-in-retirement-101

    History of the Tax Code in The U.S., EP 056

    Play Episode Listen Later Jul 5, 2023 5:42


    The 16th Amendment in 1913 established the federal income tax, evolving into a complex system influenced by economic policies, political agendas, and societal needs. It underwent major revisions and reforms over time, shaping the nation's fiscal landscape. For more information, visit the show notes at https://erwealth.com/podcastblog/history-of-the-tax-code-in-the-united-states

    Are You Sitting on a Retirement Tax Bomb, EP 055

    Play Episode Listen Later Jun 7, 2023 13:44


    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. For more information, visit the show notes at https://erwealth.com/podcastblog/are-you-sitting-on-a-retirement-tax-bomb

    Should I Get an Annuity? EP 054

    Play Episode Listen Later May 3, 2023 11:00


    Income annuities and fixed indexed annuities might be better than bonds for retirees, but it depends on your own situation and goals. Let's look at some options. For more information, visit the show notes at https://erwealth.com/podcastblog/should-i-get-an-annuity

    What Would You Choose: $100 Billion at 90 or Broke at 20? EP 053

    Play Episode Listen Later Apr 5, 2023 11:13


    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. For more information, visit the show notes at https://erwealth.com/podcastblog/100-billion-at-90-or-broke-at-20

    What's up with the housing market? EP 052

    Play Episode Listen Later Mar 8, 2023 9:10


    What's up with the housing market, and how is there a housing shortage? Tim Doehrmann, CFP®, answers these questions here and on Retire Your Way Radio.  For more information, visit the show notes at https://erwealth.com/podcastblog/whats-up-with-the-housing-market

    How Will the Secure Act 2.0 Affect Your Retirement? EP 051

    Play Episode Listen Later Feb 1, 2023 15:53


    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. For more information, visit the show notes at https://erwealth.com/podcastblog/how-will-the-secure-act-20-affect-your-retirement

    How Tax Planning Boosts Investment Performance, EP 050

    Play Episode Listen Later Jan 4, 2023 11:42


    A good, comprehensive financial advisor can boost investment performance by using tax planning strategies, such as asset location. Here's how. For more information, visit the show notes at https://erwealth.com/podcastblog/how-tax-planning-boosts-investment-performance.

    Should You Consider an Annuity? EP 049

    Play Episode Listen Later Dec 7, 2022 10:01


    On Retire Your Way Radio, Tim Doehrmann, CFP®, talks about annuities and how to decide whether or not to include an annuity in your retirement portfolio. For more information, visit the show notes at https://erwealth.com/podcastblog/should-you-consider-an-annuity.

    Should You Consider an Annuity? EP 049

    Play Episode Listen Later Oct 5, 2022 10:18


    On Retire Your Way Radio, Tim Doehrmann, CFP®, talks about annuities and how to decide whether or not to include them in your retirement portfolio. For more information, visit the show notes at https://erwealth.com/podcastblog/should-you-consider-an-annuity

    Should you Focus on a Social Security Break-even Analysis? EP 048

    Play Episode Listen Later Sep 7, 2022 9:17


    A break-even analysis is useful for comparing investments, but Social Security is not an investment. Social Security is more like an insurance policy. For more information, visit the show notes at https://erwealth.com/podcastblog/social-security-break-even-analysis

    Your 7-figure Retirement Dos and Don'ts, EP 047

    Play Episode Listen Later Aug 3, 2022 10:44


    On Retire Your Way Radio, Tim shares a list of 7-figure retirement dos and don'ts. List lovers will appreciate these 8 tips for a successful retirement. For more information, visit the show notes at https://erwealth.com/podcastblog/your-7-figure-retirement-dos-and-donts 

    Moving to a State with Low (or no!) Income Taxes, EP 046

    Play Episode Listen Later Jul 6, 2022 5:24


    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! For more information, visit the show notes at https://erwealth.com/podcastblog/moving-to-a-state-with-low-income-taxes

    New RMD Rules for IRA Beneficiaries, EP 045

    Play Episode Listen Later Jun 1, 2022 7:56


    Tim Doehrmann, CFP®, talks about how proposed guidance from the IRS on required minimum distributions (RMDs) from inherited IRAs could affect you or your heirs. For more information, visit the show notes at https://erwealth.com/podcastblog/new-rmd-rules-for-ira-beneficiaries

    Start Part-time Retirement with a Phased Retirement Plan, EP 044

    Play Episode Listen Later May 4, 2022 6:46


    The jump to retirement is a big change after working full time for many years or decades. What if you could phase into it with a part-time retirement? Here's how! For more information, visit the show notes at https://erwealth.com/podcastblog/part-time-retirement-with-phased-retirement

    Reduce Taxable Income with Asset Location, EP 043

    Play Episode Listen Later Apr 6, 2022 11:34


    In this episode of Retire Your Way Radio, Tim talks about how asset location can be combined with your desired asset allocation to reduce your taxable income. For more information, visit the show notes at https://erwealth.com/podcastblog/reduce-taxable-income-with-asset-location

    reduce location asset taxable income
    Is the Great Resignation Sustainable? EP 042

    Play Episode Listen Later Mar 2, 2022 7:24


    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? For more information, visit the show notes at https://erwealth.com/podcastblog/is-the-great-resignation-sustainable.

    Living Abroad in Retirement, EP 041

    Play Episode Listen Later Feb 2, 2022 11:15


    Raise your standard of living for half the cost by living abroad? On Retire Your Way Radio, Tim shares some benefits and tips for living abroad in retirement. For more information, visit the show notes at https://erwealth.com/podcastblog/living-abroad-in-retirement

    Is Social Security REALLY going to run out? EP 040

    Play Episode Listen Later Jan 5, 2022 8:21


    Considering Social Security? On Retire Your Way Radio, Tim gives you the facts beyond the headlines about Social Security being depleted sooner than expected. For more information, visit the show notes at https://erwealth.com/podcastblog/is-social-security-really-going-to-run-out

    Why Investors Underperform Every Year and How to Improve Returns, EP 039

    Play Episode Listen Later Dec 1, 2021 8:51


    Tim shares a Morningstar study about why investors underperform every year and how to improve your returns. He also ties in how advisors can add value. For more information, visit the show notes at https://erwealth.com/podcastblog/why-investors-underperform-every-year-how-to-improve-returns

    How will the U.S. Government Pay its Debt? EP 038

    Play Episode Listen Later Nov 3, 2021 11:29


    On Retire Your Way Radio, Tim talks about the U.S. national debt, why the debt ceiling doesn't really matter, and the role of Modern Monetary Theory. For more information, visit the show notes at https://erwealth.com/podcastblog/how-will-us-government-pay-debt

    Do You Feel the Rush to Retire? EP 037

    Play Episode Listen Later Oct 6, 2021 7:28


    Do you feel a rush to retire? On the Retire Your Way Radio podcast, Tim reviews an article about more Americans considering retirement now due to the pandemic. For more information, visit the show notes at https://erwealth.com/podcastblog/do-you-feel-the-rush-to-retire

    Planning for Long-term Care, EP 036

    Play Episode Listen Later Sep 1, 2021 19:46


    On Retire Your Way Radio, Tim shares 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. For more information, visit the show notes at https://erwealth.com/podcastblog/planning-for-long-term-care

    Make a Money Mindshift with Maggie Klokkenga, EP 035

    Play Episode Listen Later Aug 4, 2021 21:44


    In this episode of Retire Your Way Radio, Tim interviews Maggie Klokkenga, financial coach and owner of Make a Money Mindshift, and they dive into money mindset. For more information, visit the show notes at: https://erwealth.com/podcastblog/make-a-money-mindshift-with-maggie-klokkenga

    7 Steps for Widows and Widowers in the First Year, EP 034

    Play Episode Listen Later Jul 7, 2021 8:28


    In this episode of Retire Your Way Radio, Tim shares 7 steps for widows and widowers to manage the first year alone, based on estate attorney Anna Byrne's personal and professional experience. For more information, visit the show notes at https://erwealth.com/podcastblog/7-steps-for-widows-and-widowers-in-the-first-year

    Financial Mistakes Made in 2020, EP 033

    Play Episode Listen Later Jun 2, 2021 11:46


    Tim talks about 4 financial mistakes made in 2020 and 3 general financial mistakes that are not specific to 2020.  For more information, visit the show notes at https://erwealth.com/podcastblog/financial-mistakes-made-in-2020

    Should You Use a Robo-advisor? EP032

    Play Episode Listen Later May 5, 2021 13:52


    What is a robo-advisor and how do they compare with hiring a comprehensive financial planner? In this episode of Retire Your Way Radio, Tim talks about what a robo-advisor is, how a robo-advisor works, and who may or may not be a good fit for a robo-advisor.  For more information, visit the show notes at https://erwealth.com/podcastblog/should-you-use-a-robo-advisor

    Using Dynamic Distribution for Your Retirement Income Withdrawal Strategy, EP 031

    Play Episode Listen Later Apr 14, 2021 8:17


    In this episode of Retire Your Way Radio, Tim describes how our dynamic distribution strategy with guardrails works to provided on-going retirement income and how we determine how much money you can safely withdraw from your investments in retirement. For more information, visit the show notes at https://erwealth.com/podcastblog/dynamic-distribution-retirement-income-withdrawal-strategy

    Strategies for Social Security Planning, EP 030

    Play Episode Listen Later Apr 7, 2021 10:20


    This week on Retire Your Way Radio, Tim talks 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. For more information, visit the show notes at https://erwealth.com/podcastblog/strategies-for-social-security-planning

    strategy social security
    The GameStop Short Squeeze, EP 029

    Play Episode Listen Later Mar 3, 2021 11:22


    In January 2021, a short squeeze of the stock of GameStop and other publicly-traded companies made headlines. Perhaps you heard the term "short squeeze" and wondered what a short squeeze is. Tim talks about what happened to cause the rapid increase in the stock price of GameStop, why it could happen again, and how it doesn’t have to affect your retirement. For more information, visit the show notes at https://erwealth.com/podcastblog/the-gamestop-short-squeeze

    The Gilded Pandemic, EP 028

    Play Episode Listen Later Feb 3, 2021 11:02


    In this episode, Tim talks about two true and seemingly opposite stories of how American consumers as a whole are in the best financial shape they have ever been in while so many consumers are in the worst financial shape they have ever been in. Then he compares the present time to The Gilded Age in American History. For more information, visit the show notes at https://erwealth.com/podcastblog/the-gilded-pandemic

    How Biden's Tax Proposals could Affect Your Retirement, EP 027

    Play Episode Listen Later Jan 6, 2021 8:05


    There is a lot of confusion about President-elect Joe Biden’s tax proposals. And with the state of the economy and a likely republican senate, it’s hard to say what tax changes could actually be passed in 2021. Today, Tim highlights some of Biden’s tax proposals and what they could mean for your retirement. For more information, visit the show notes at https://erwealth.com/podcastblog/how-bidens-tax-proposals-could-affect-your-retirement  

    Medicare Basics

    Play Episode Listen Later Dec 2, 2020 15:08


    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. Here in episode 26, Tim touches on some of the basics of Medicare. For more information, visit the show notes at: https://erwealth.com/podcastblog/medicare-basics

    Test Your Knowledge about Social Security

    Play Episode Listen Later Nov 4, 2020 9:53


    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, Tim is in business to help you put all the pieces together before and when you get to this phase. For more information, visit the show notes at: https://erwealth.com/podcastblog/test-your-knowledge-about-social-security

    social security test your knowledge
    Donor Advised Endowment Funds at Morton Community Foundation

    Play Episode Listen Later Oct 7, 2020 14:16


    Today we welcome Scott Witzig of Morton Community Foundation to Retire Your Way Radio as our first podcast interviewee. In this interview, Tim asked Scott a few questions about Morton Community Foundation and donor advised endowment funds. For more information, visit the show notes at https://erwealth.com/podcastblog/donor-advised-endowment-funds-morton-community-foundation

    What IRA Owners Need to Know About Beneficiaries

    Play Episode Listen Later Sep 2, 2020 10:40


    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. Tim touches 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. For more information, visit the show notes at https://erwealth.com/podcastblog/what-ira-owners-need-to-know-about-beneficiaries

    Tax Planning for the Charitably Inclined

    Play Episode Listen Later Aug 5, 2020 8:54


    We focus on tax planning here at Eagle Ridge Wealth Advisors. Today Tim covers four ways to use charitable giving to your advantage to reduce your tax liability. For more information, visit the show notes at https://erwealth.com/podcastblog/tax-planning-for-the-charitably-inclined

    Estate Planning Misconceptions

    Play Episode Listen Later Jul 1, 2020 8:49


    In this episode, Tim discusses estate planning, including why estate planning is important, common misconceptions about estate planning, and how to get started with estate planning. For more information, visit the show notes at: https://erwealth.com/podcastblog/estate-planning-misconceptions

    This Market: Believe It or Not

    Play Episode Listen Later May 20, 2020 12:49


    Tim goes more in depth to explain the“Don’t fight the Fed” line you’ve been hearing in some of our weekly emails. Then he wraps up with a Twitter thread from Peter Mallouk for more clarification on why the markets are bouncing back so well. For more information, visit the show notes at https://erwealth.com/podcastblog/this-market-believe-it-or-not

    What Insurance Do You Really Need?

    Play Episode Listen Later Apr 22, 2020 15:14


    Today, Tim covers 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. For more information, visit the show notes at https://erwealth.com/podcastblog/what-insurance-do-you-really-need

    How to Rehearse or Practice for Retirement Right Now

    Play Episode Listen Later Apr 8, 2020 8:34


    In this episode, Tim talks about the difference between a retirement rehearsal and a practice retirement and how either one can be used to help you determine if you are ready for the intangibles that go into retirement. Afterall, it's not just the dollars you need to think about when it comes to retirement.  For more information, visit the show notes at  https://erwealth.com/podcastblog/how-to-rehearse-or-practice-for-retirement

    Update on Current Market Volatility with 3 Action Items

    Play Episode Listen Later Mar 11, 2020 7:23


    This week Tim provides an update on the current market volatility, discusses important things to keep in mind during this uncertainty, and shares 3 action items he is recommending to his clients. For more information, visit the show notes at: https://erwealth.com/podcastblog/update-on-current-market-volatility-with-3-action-items

    Coronavirus, The Long Game, and Andy Dufresne

    Play Episode Listen Later Feb 19, 2020 10:30


    In this week's episode of Retire Your Way Radio, Tim talks about how to assess the possible impact of the coronavirus (or any future pandemic) on your investment portfolio. He also uses the story of Andy Dufresne from Shawshank Redemption as a great example of playing the long game. For more information, visit the show notes at: https://erwealth.com/podcastblog/coronavirus-the-long-game-and-andy-dufresne

    Investment Returns and Receiving Value from Your Advisor

    Play Episode Listen Later Jan 29, 2020 8:22


    Understanding investment fees is challenging! In this article, Tim discusses why investment fees are traditionally so high, how to think about value in relation to an advisor's fees, and why Eagle Ridge Wealth Advisors is different when it comes to value and transparency. For more information, visit the show notes at https://erwealth.com/podcastblog/investment-returns-receiving-value-from-your-advisor

    The SECURE Act: What It Means to You

    Play Episode Listen Later Jan 15, 2020 9:52


    The SECURE Act has been called the most comprehensive, sweeping retirement security legislation in recent history, and is now the law. But does this act address the massive scale of millions of Americans that are unprepared for their retirement? Let's review seven provisions of The SECURE Act to determine how this act might affect you. For more information, visit the show notes at https://erwealth.com/podcastblog/the-secure-act-what-it-means-to-you

    The Story of the Mexican Fisherman

    Play Episode Listen Later Dec 18, 2019 5:59


    The Story of the Mexican Fisherman has been bouncing around the internet for years in one form or another. It’s been an inspiration to many, that live in the rat race or try to keep up with the Joneses, to slow down, reassess their situations, and really think about the lives they want to live. For more information, visit the show notes at https://erwealth.com/podcastblog/the-story-of-the-mexican-fisherman

    story joneses mexican fisherman
    Custody of Assets - Avoiding Bernie Madoff Situations

    Play Episode Listen Later Nov 27, 2019 11:38


    There can be quite a bit of confusion over how and where your assets are actually held when you have an investment account in general or when you have an account with a registered investment advisor (RIA) firm like Eagle Ridge Wealth Advisors. This week, Tim covers what a custodian is and does and how to avoid getting Bernie Madoffed! For more information, visit the show notes at: https://erwealth.com/podcastblog/custody-of-assets-avoiding-bernie-madoff-situations

    Retirees Lose Thousands by Claiming Social Security too Early

    Play Episode Listen Later Nov 20, 2019 9:21


    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. Tim talks 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. For more information, visit the show notes at https://erwealth.com/podcastblog/retirees-lose-thousands-by-claiming-social-security-too-early

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