Retire Your Way Radio
81 episodes - English - Latest episode: 11 months ago - ★★★★★ - 6 ratingsYour 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, basic planning topics, and case study examples and answers any questions you may have. Topics include taxes, insurance, Social Security, healthcare, withdrawal rates and more. If you ever have a question or would like Tim to cover a topic, send us an email and let us know: [email protected].
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Episodes
Are You Sitting on a Retirement Tax Bomb, EP 055
June 07, 2023 06:00 - 13 minutes - 10.2 MBWhat 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
May 03, 2023 06:00 - 11 minutes - 8.19 MBIncome 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
April 05, 2023 06:00 - 11 minutes - 8.18 MBIn 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
March 08, 2023 07:00 - 9 minutes - 6.75 MBWhat'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
February 01, 2023 07:00 - 15 minutes - 11.6 MBParts 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
January 04, 2023 07:00 - 11 minutes - 8.38 MBA 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
December 07, 2022 12:00 - 10 minutes - 7.9 MBOn 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 Focus on a Social Security Break-even Analysis? EP 048
September 07, 2022 06:00 - 9 minutes - 6.79 MBA 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
August 03, 2022 06:00 - 10 minutes - 7.81 MBOn 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
July 06, 2022 06:00 - 5 minutes - 4.45 MBMoving 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
June 01, 2022 06:00 - 7 minutes - 5.64 MBTim 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
May 04, 2022 05:00 - 6 minutes - 4.71 MBThe 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
April 06, 2022 05:00 - 11 minutes - 8.63 MBIn 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
Is the Great Resignation Sustainable? EP 042
March 02, 2022 06:00 - 7 minutes - 5.67 MB2021 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
February 02, 2022 06:00 - 11 minutes - 8.47 MBRaise 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
January 05, 2022 06:00 - 8 minutes - 6.12 MBConsidering 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
December 01, 2021 06:00 - 8 minutes - 6.64 MBTim 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
November 03, 2021 05:00 - 11 minutes - 8.48 MBOn 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
October 06, 2021 05:00 - 7 minutes - 5.6 MBDo 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
September 01, 2021 05:00 - 19 minutes - 27.6 MBOn 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
August 04, 2021 05:00 - 21 minutes - 15 MBIn 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
July 07, 2021 05:00 - 8 minutes - 6.48 MBIn 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
June 02, 2021 05:00 - 11 minutes - 9.16 MBTim 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
May 05, 2021 05:00 - 13 minutes - 10.7 MBWhat 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
April 14, 2021 05:00 - 8 minutes - 6.72 MBIn 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
April 07, 2021 05:00 - 10 minutes - 8.25 MBThis 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
The GameStop Short Squeeze, EP 029
March 03, 2021 06:00 - 11 minutes - 9.32 MBIn 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
February 03, 2021 06:00 - 11 minutes - 9.08 MBIn 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
January 06, 2021 06:00 - 8 minutes - 6.47 MBThere 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
December 02, 2020 06:00 - 15 minutes - 12.2 MBSince 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
Medicare Basics, EP 026
December 02, 2020 06:00 - 15 minutes - 12.2 MBSince 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, EP 025
November 04, 2020 06:00 - 9 minutes - 8.01 MBToday 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
Test Your Knowledge about Social Security
November 04, 2020 06:00 - 9 minutes - 8.01 MBToday 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
Donor Advised Endowment Funds at Morton Community Foundation
October 07, 2020 05:00 - 14 minutes - 9.45 MBToday 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
Donor Advised Endowment Funds at Morton Community Foundation, EP 024
October 07, 2020 05:00 - 14 minutes - 9.45 MBToday 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
September 02, 2020 05:00 - 10 minutes - 8.47 MBThere 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 inf...
What IRA Owners Need to Know About Beneficiaries, EP 023
September 02, 2020 05:00 - 10 minutes - 8.47 MBThere 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 inf...
Tax Planning for the Charitably Inclined
August 05, 2020 05:00 - 8 minutes - 6.89 MBWe 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
Tax Planning for the Charitably Inclined, EP 022
August 05, 2020 05:00 - 8 minutes - 6.89 MBWe 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
July 01, 2020 05:00 - 8 minutes - 6.92 MBIn 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
Estate Planning Misconceptions, EP 021
July 01, 2020 05:00 - 8 minutes - 6.92 MBIn 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
May 20, 2020 05:00 - 12 minutes - 9.97 MBTim 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
This Market: Believe It or Not, EP 020
May 20, 2020 05:00 - 12 minutes - 9.97 MBTim 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?, EP 019
April 22, 2020 05:00 - 15 minutes - 12 MBToday, 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
What Insurance Do You Really Need?
April 22, 2020 05:00 - 15 minutes - 12 MBToday, 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
April 08, 2020 05:00 - 8 minutes - 6.73 MBIn 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
How to Rehearse or Practice for Retirement Right Now, EP 018
April 08, 2020 05:00 - 8 minutes - 6.73 MBIn 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, EP 017
March 11, 2020 05:00 - 7 minutes - 6.27 MBThis 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
Update on Current Market Volatility with 3 Action Items
March 11, 2020 05:00 - 7 minutes - 6.27 MBThis 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
February 19, 2020 06:00 - 10 minutes - 8.45 MBIn 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