Retire Your Way Radio

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

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

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

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

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

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

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

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, 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

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