Inherited IRA Beneficiary and Estate Planning Considerations
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.
Hear from founder and president, Tim Doehrmann.
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.
Tim breaks down the "behavior gap" and why avoiding marketing timing and opting to stick to a well-thought-out financial plan is crucial for retirement success.
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 Dave Ramsey's controversial recommendation that retirees invest 100% in equities and withdraw 8% annually.
Tim breaks down the 20 most common investment mistakes as outlined by the CFA Institute. This emphasizes the importance of planning ahead, minimizing emotional decisions, considering risk tolerance, and the importance of partnering with a financial professional.
Knowing how to navigate capital gains tax rules can literally save you thousands of dollars immediately and tens of thousands, if not millions, over the long haul!
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.
On Retire Your Way Radio, I talked about annuities and how to decide whether or not to include them in your retirement portfolio.
On Retire Your Way Radio, I’m sharing a recent Morningstar study about why investors underperform every year and how to improve your returns. I also tie in how advisors can add value.
What is a robo-advisor and how do they compare with hiring a comprehensive financial planner? In this episode of Retire Your Way Radio, I’m going to talk 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.
In this episode of Retire Your Way Radio, I describe how our dynamic distribution strategy with guardrails works for providing on-going retirement income and how we determine how much money you can safely withdraw from your investments in retirement.
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. Today I talk 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.
Today I’m going to go a bit more in depth to explain the“Don’t fight the Fed” line you’ve been hearing in some of our weekly emails. Then we’ll wrap up with a Twitter thread from Peter Mallouk for more clarification on why the markets are bouncing back so well.
This week I want to provide an update on the current market volatility, discuss important things to keep in mind during this uncertainty, and share 3 action items I am recommending to my clients.
In this week's episode of Retire Your Way Radio, I talk about how to assess the possible impact of the coronavirus (or any future pandemic) on your investment portfolio. I also use the story of Andy Dufresne from Shawshank Redemption as a great example of playing the long game.
Understanding investment fees is challenging! In this article, I discuss 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.