Should I Delay Taking My Social Security Benefit?
Tim discusses strategically claiming Social Security benefits to maximize retirement income. Factors to consider include health, life expectancy, income, & spousal benefits.
Hear from founder and president, Tim Doehrmann.
Tim discusses strategically claiming Social Security benefits to maximize retirement income. Factors to consider include health, life expectancy, income, & spousal benefits.
Tim breaks down everything you need to know about deploying a dynamic guardrail withdrawal strategy for a safe income stream during retirement.
Tim presents a retirement plan for a couple with $1.285 million in savings. He analyzes their cash flows, expenses, taxes, and withdrawal rates over time to determine if their savings will last through retirement.
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.
Is it inflation or is it ‘lifestyle creep’ that is really draining our bank accounts? Let's address what is actually making us feel like we have less money.
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 talks about how to reduce your lifetime tax liability by using Roth IRA conversions, how to get more money into a Roth IRA with a “backdoor Roth,” and how to use a Roth IRA for college savings.
A Roth IRA is a great tax planning tool to include in your retirement plan. Roth IRAs can be used to save for retirement, save for college (bet you didn’t know that one!), and convert traditional IRA assets. In this article, I talk about the difference between traditional IRAs and Roth IRAs and explain the Roth IRA contribution limits and Roth IRA distribution rules.
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.
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.
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.
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.
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, Tim shares a list of 7-figure retirement dos and don’ts. List lovers will appreciate these 8 financial tips for a successful retirement.
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!
Raise your standard of living for half the cost by living abroad? On Retire Your Way Radio, I share some benefits and tips for living abroad in retirement.
On Retire Your Way Radio, I share 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.
In this episode of Retire Your Way Radio, I interview Maggie Klokkenga, financial coach and owner of Make a Money Mindshift, and we dive into our money mindset.