The Retirement Nerds

By Erik SoderborgEducation

The Retirement Nerds episodes

February 06, 2025 Stop Losing Money to Taxes When You Understand America's Tax Basics with Zacc Call
As you prepare to file your taxes, you will want to understand how your taxes are calculated to ensure you are making the most of your tax situation. There are different types of income, tax rates, and the progressive tax structure of the United States tax code.
Zacc Call goes over how to simplify the taxation in America and where they may be some opportunities for you as you plan your tax filings.
Get the full Money & Mind eBook for Free here:
https://theretirementnerds.com/money-mind/
Get the Tax-Specific Money & Mind article here:
https://cdn.prod.website-files.com/61bbaf4759074aa904a63ee6/67927ae3cb05c724e0aa9cbf_Tax.pdf
Get the Free Social Security Taxability Worksheet here:
https://theretirementnerds.com/social-security-worksheet/
Connect with Zacc's team here:
https://www.capitafinancialnetwork.com/
Check out our resources at https://TheRetirementNerds.com/
=============================
Send me a message!
[email protected]
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Be Sure to Subscribe to our Channel!
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YouTube: @theretirementnerds
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Join our newsletter for monthly tips, book recommendations, and personal stories!
https://theretirementnerds.com/newsletter/
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⏰ TIME CODES ⏰
0:00 Intro
1:00 Tax Equation
3:05 Progressive Tax Brackets
6:40 Retiree Tax Situation Realities
9:55 Ways to File Relationships
13:59 Different Types of Income
16:46 Long Term Capital Gains
19:20 Tracking Lots
24:01 Long Term Capital Gain Rates
28:30 Qualified Dividends
32:04 Interest Income
34:21 Unrealized Capital Gains
38:35 Standard vs Itemized Deduction
42:01 Charitable Giving
46:34 Final Summary
50:13 Modified Adjusted Gross Income
52:23 Giveaway
54:08 Where to get help
=============================
#tax #taxplanning #taxes #retirementnerds
Federal Disclaimer:
We do not offer every plan available in your area. Any information we provide is limited to those plans we do offer in your area. Please contact Medicare.gov or 1-800-MEDICARE to get information on all your options.

Disclosure:
This podcast is intended for informational purposes only, and is not a substitute for personal advice from Capita. This is not a recommendation, offer, or solicitation to buy or sell any security. Past performance is not indicative of future results. There can be no assurance that investment objectives will be achieved.
Different types of investments involve varying degrees of risk, including the loss of money invested. Therefore it should not be assumed that future performance of any specific investment or investment strategy, including the investments or investment strategies recommended or proposed by Capita will be profitable. Further, Capita does not provide legal or tax advice. Please consult with your legal or tax professional for advice prior to implementing any strategies discussed during this podcast.
Certain information discussed during this podcast is based upon forward-looking statements, information and opinions, including descriptions of anticipated market changes and expectations of future activity. Capita believes that such statements, information and opinions are based upon reasonable estimates and assumptions. However, forward-looking statements, information and opinions are inherently uncertain and actual events or results may differ materially from those reflected in the forward-looking statements. Therefore, undue reliance should not be placed on such forward-looking statements, information, and opinions. Registration with the SEC does not imply a certain level of skill or training.
57 min
February 04, 2025 The Important Responsibilities of Successor Trustees, Executors, and Powers of Attorney with Jim Burch
Putting in the right people to act in your Estate Plan is as important as any other decision. Who will act as your successor trustee (trusts), executor (wills), and financial powers of attorney for finances and healthcare decisions will impact how your estate plan is executed upon death.
On the other side of the coin, if you are named as one of these important individuals, it is important to understand your responsibilities to carry out the wishes of the people entrusting you with this responsibility.
Jim Burch of EasyLegalPlanning.com outlines all of this in this video.
Want your estate plan set up?
Jim and his team can complete your estate plan in all 50 states.
https://easylegalplanning.com/
Or, reach out to me to connect you to Jim.
[email protected]
=============================
Find more retirement resources at https://TheRetirementNerds.com/
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Join our newsletter for monthly tips, book recommendations, and personal stories!
https://theretirementnerds.com/newsletter/
============================================================
⏰ TIME CODES ⏰
0:00 Intro
0:44 Setting up your own trust
0:57 Naming Successor Trustee
7:19 Naming Beneficiaries
17:42 Naming Guardianship
20:05 Financial Power of Attorney (Financial)
27:22 Medical Power of Attorney (Medical Directive)
30:42 YOU are the Successor Trustee
37:15 YOU are the Power of Attorney
39:34 YOU are the Beneficiary
45:00 Be Proactive
47:23 Where to get help
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#estateplanning #willsandtrusts #theretirementnerds #retirementnerds
Federal Disclaimer:
We do not offer every plan available in your area. Any information we provide is limited to those plans we do offer in your area. Please contact Medicare.gov or 1-800-MEDICARE to get information on all your options.
49 min
January 31, 2025 The Social Security Fairness Act's Impact on Government Workers with Tyler Williamson
The Social Security Fairness Act, HR 82, concerning the Windfall Elimination Provision and Government Pension Offset, was signed into law on January 5, 2025 by President Joe Biden.
Tyler Williamson from Capita Financial Network explains what this means for those impacted. This impacts 2.7 million Americans who had their Social Security Benefits reduced by the Windfall Elimination Provision (WEP) or the Government Pension Offset (GPO).
The impact of this Act will cause an average increase of about $360 per month for those impacted by WEP or GPO.
Connect with Capita Financial Network here:
https://www.capitafinancialnetwork.com/
Check out our resources at https://TheRetirementNerds.com/
=============================
Send me a message!
[email protected]
=============================
=============================
Be Sure to Subscribe to our Channel!
=============================
YouTube: @theretirementnerds
============================================================
Join our newsletter for monthly tips, book recommendations, and personal stories!
https://theretirementnerds.com/newsletter/
============================================================
⏰ TIME CODES ⏰
0:00 Intro
1:15 Social Security Fairness Act
2:30 Windfall Elimination Provision
3:35 Who is affected?
5:43 Calculating the WEP penalty
7:30 Is it "Fair?"
10:00 Government Pension Offset
13:20 How it impacts SS Trust Fund
16:40 Social Security reform options
19:01 When Payments will hit
19:50 How to plan for Social Security
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#socialsecurity #socialsecurityfairness #wep #GPO #theretirementnerds #finance
Federal Disclaimer:
We do not offer every plan available in your area. Any information we provide is limited to those plans we do offer in your area. Please contact Medicare.gov or 1-800-MEDICARE to get information on all your options.

Disclosure:
This podcast is intended for informational purposes only, and is not a substitute for personal advice from Capita. This is not a recommendation, offer, or solicitation to buy or sell any security. Past performance is not indicative of future results. There can be no assurance that investment objectives will be achieved.
Different types of investments involve varying degrees of risk, including the loss of money invested. Therefore it should not be assumed that future performance of any specific investment or investment strategy, including the investments or investment strategies recommended or proposed by Capita will be profitable. Further, Capita does not provide legal or tax advice. Please consult with your legal or tax professional for advice prior to implementing any strategies discussed during this podcast.
Certain information discussed during this podcast is based upon forward-looking statements, information and opinions, including descriptions of anticipated market changes and expectations of future activity. Capita believes that such statements, information and opinions are based upon reasonable estimates and assumptions. However, forward-looking statements, information and opinions are inherently uncertain and actual events or results may differ materially from those reflected in the forward-looking statements. Therefore, undue reliance should not be placed on such forward-looking statements, information, and opinions. Registration with the SEC does not imply a certain level of skill or training.
23 min
January 29, 2025 Protect ANY Form of Real Estate You May Own with Jim Burch
There are many ways to title your real estate properties, but who or what entity owns that property can have significant consequences when we start talking about probate, taxes, and freedom to sell properties upon death. For most, their home is their single biggest financial asset.
Jim Burch masterfully explains the different ways to structure real estate to ensure your assets are passed on effectively and at the lowest cost.
If you would like help with your estate plan, here is Jim's information:
[email protected]
EasyLegalPlanning.com
Check out our resources at https://TheRetirementNerds.com/
=============================
Send me a message!
[email protected]
=============================
=============================
Be Sure to Subscribe to our Channel!
=============================
YouTube: @theretirementnerds
============================================================
Join our newsletter for monthly tips, book recommendations, and personal stories!
https://theretirementnerds.com/newsletter/
============================================================
⏰ TIME CODES ⏰
0:00 Owning Real Estate
0:37 Joint Tenants vs Tenants in Common
5:29 Property in Multiple States
7:25 LLC Ownership and Trusts
9:39 Moving to a Different State
10:51 What if Your Name Changes?
13:08 Adding Someone on Title
15:08 Step up in Basis
16:26 Successor Trustee Responsibilities
19:41 Payable on Death (POD or TOD)
24:47 In-Laws
26:24 Where to Get Help
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#estateplanning #willsandtrusts #theretirementnerds #retirementnerds #finance
Federal Disclaimer:
We do not offer every plan available in your area. Any information we provide is limited to those plans we do offer in your area. Please contact Medicare.gov or 1-800-MEDICARE to get information on all your options.
29 min
January 27, 2025 The 7 Prosperity Projects You Can Do to Find Real Financial Freedom with Zacc Call
In this video, Zacc Call, a Certified Financial Planner explores the 7 projects to achieve financial freedom. If you are tired of living paycheck to paycheck and want to take control of your finances to build a sustainable future, this video is for you!
Zacc breaks down his 7 Prosperity Projects in a simple, step-by-step way that is a proven way to assign your next dollar to the most beneficial task to make sure your money is working for you, rather than you being a slave to the next dollar.
Erik asked Zacc these questions a few months back, prompting Zacc to write a book titled The 7 Prosperity Projects.
Get Zacc's 7 Prosperity Projects book here:
https://amzn.to/4dvxWgA
Check out Zacc's podcast and website here:
https://www.thefinancialcall.com/
=============================
Send me a message!
[email protected]
=============================
=============================
Be Sure to Subscribe to our Channel!
=============================
YouTube: @theretirementnerds
============================================================
Join our newsletter for monthly tips, book recommendations, and personal stories!
https://theretirementnerds.com/newsletter/
============================================================
⏰ TIME CODES ⏰
0:00 How this came to be
4:05 Get on the Train
5:40 It's a Team Game
11:23 Offense vs Defense
20:54 Project 1 - Plug the Holes
29:25 Project 2 - Get Free Money
36:13 Project 3 - Automate Retirement Savings
54:51 Project 4 - Decide who's in charge
1:12:46 Project 5 - Reduce Unwanted Debt
1:20:54 Project 6 - Build non-retirement wealth
1:29:28 Project 7 - Swing for the Fence
1:37:55 Where to go from here
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#finance #theretirementnerds #retirementnerds #7prosperityprojects #FinancialFreedom #FinancialIndependence #MoneyManagement #WealthBuilding
Federal Disclaimer:
We do not offer every plan available in your area. Any information we provide is limited to those plans we do offer in your area. Please contact Medicare.gov or 1-800-MEDICARE to get information on all your options.
Disclosure:
This podcast is intended for informational purposes only, and is not a substitute for personal advice from Capita. This is not a recommendation, offer, or solicitation to buy or sell any security. Past performance is not indicative of future results. There can be no assurance that investment objectives will be achieved.
Different types of investments involve varying degrees of risk, including the loss of money invested. Therefore it should not be assumed that future performance of any specific investment or investment strategy, including the investments or investment strategies recommended or proposed by Capita will be profitable. Further, Capita does not provide legal or tax advice. Please consult with your legal or tax professional for advice prior to implementing any strategies discussed during this podcast.
Certain information discussed during this podcast is based upon forward-looking statements, information and opinions, including descriptions of anticipated market changes and expectations of future activity. Capita believes that such statements, information and opinions are based upon reasonable estimates and assumptions. However, forward-looking statements, information and opinions are inherently uncertain and actual events or results may differ materially from those reflected in the forward-looking statements. Therefore, undue reliance should not be placed on such forward-looking statements, information, and opinions. Registration with the SEC does not imply a certain level of skill or training.
1 hr 44 min
January 25, 2025 How to Avoid the Costly Mistakes of Roth Conversions with Zacc Call
You've decided you want to do a Roth conversion, and in this video, we go over exactly HOW to do a Roth conversion. What is happening during the conversion? What are best practices? And how can you avoid costly mistakes when doing a Roth conversion.
Roth vs Traditional Video:
https://youtu.be/VHHNYdpVwrU
Social Security Tax Tornado Video (with free worksheet):
https://youtu.be/ZetbFdEqi2A
The Financial Call:
https://www.thefinancialcall.com/
Want help? Send me a message!
[email protected]
=============================
Join our newsletter for monthly tips, book recommendations, and personal stories!
https://theretirementnerds.com/newsletter/
============================================================
Check out our resources at https://TheRetirementNerds.com/
⏰ TIME CODES ⏰
0:00 Should you do a Roth conversion?
5:33 Tax Tornado
10:13 How to do a Roth conversion?
11:10 Standard Procedure
23:35 Backdoor Roth
29:48 Mega Backdoor Roth
34:10 Mistakes to avoid when converting
50:55 Up front or over time?
53:13 Zacc's information
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#rothvstraditional #theretirementnerds #roth #rothconversion #retirementnerds #finance
Federal Disclaimer:
We do not offer every plan available in your area. Any information we provide is limited to those plans we do offer in your area. Please contact Medicare.gov or 1-800-MEDICARE to get information on all your options.
Disclosure:
This podcast is intended for informational purposes only, and is not a substitute for personal advice from Capita. This is not a recommendation, offer, or solicitation to buy or sell any security. Past performance is not indicative of future results. There can be no assurance that investment objectives will be achieved.
Different types of investments involve varying degrees of risk, including the loss of money invested. Therefore it should not be assumed that future performance of any specific investment or investment strategy, including the investments or investment strategies recommended or proposed by Capita will be profitable. Further, Capita does not provide legal or tax advice. Please consult with your legal or tax professional for advice prior to implementing any strategies discussed during this podcast.
Certain information discussed during this podcast is based upon forward-looking statements, information and opinions, including descriptions of anticipated market changes and expectations of future activity. Capita believes that such statements, information and opinions are based upon reasonable estimates and assumptions. However, forward-looking statements, information and opinions are inherently uncertain and actual events or results may differ materially from those reflected in the forward-looking statements. Therefore, undue reliance should not be placed on such forward-looking statements, information, and opinions. Registration with the SEC does not imply a certain level of skill or training.
55 min
January 23, 2025 Do You Really Need a Living Trust? | Estate Planning 101 with Jim Burch
Having the control to plan what happens to your estate (or stuff) when you die is important to people. If you have property, kids, or financial assets, you want to control who gets what should you pass away.
Jim Burch of EasyLegalPlanning.com outlines the important aspects of Estate Planning.
What to expect if you do nothing.
Is a Will sufficient, or does a Living Trust make more sense?
Watch to learn all of the key aspects of a complete estate plan to take care of you and your family.
Want your estate plan set up?
Jim and his team can complete your estate plan in all 50 states.
https://easylegalplanning.com/
Or, reach out to me to connect you to Jim.
[email protected]
=============================
Find more retirement resources at https://TheRetirementNerds.com/
============================================================
Join our newsletter for monthly tips, book recommendations, and personal stories!
https://theretirementnerds.com/newsletter/
============================================================
⏰ TIME CODES ⏰
0:00 Intro
1:35 Jim's Background
3:11 What is Estate Planning
4:15 What happens if you do nothing
9:01 A place for a Will
14:31 When do I need a trust?
18:25 Controlling a Trust
20:26 Successor trustee responsibilities
25:08 Revocable vs Irrevocable Trust
29:20 Special Needs Trusts
32:09 Common mistakes with trusts
33:20 How to fund a trust
52:47 Role of a notary
57:30 Transfer deed to trust
58:35 Update beneficiary designations
58:45 How a will and trust work together
1:02:48 Durable Power of Attorney (Finances)
1:05:29 Healthcare Directive
1:11:16 How to start an estate plan
1:13:42 Cost to do an estate plan
1:15:54 Where to contact Jim
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#estateplanning #livingtrust #livingwill #willvstrust #theretirementnerds #retirementnerds
PLEASE NOTE:
This video is for education purposes only.
It does not constitute legal advice for your specific situation.
1 hr 18 min
January 23, 2025 You Should Be Getting Much More Than Just Investment Advice For 1% with Zacc Call
If you enjoy hearing about how to keep your financial professionals honest, I recommend listening to my conversation with Zacc Call about the secrets to knowing which type of financial professional you are dealing with. (https://youtu.be/8uC1lgkZUWE)
Zacc's Podcast: The Financial Call:
https://www.thefinancialcall.com/guided-path
Reach out to me here:
[email protected]
Subscribe to the Channel
@theretirementnerds
Join our newsletter for monthly tips, book recommendations, and personal stories!
https://theretirementnerds.com/newsletter/
⏰ TIME CODES ⏰
0:00 Episode Intro
02:50 🚀 Warren Buffet Challenge
6:51 📈 Investment Funds
10:50 👥 Financial Professional Designations
13:58 🤝 Investments Only Advisor Value
17:43 💰 How to find out advisor fees
21:25 🛠️ If you are DIY
23:57 🧠 Vanguard Study on value of investment advisor
32:50 📊 Tier 1: Investment Management
33:48 💸 Tier 2: Income Planning
39:48 🪦 Tier 3: Tax, Insurance, Estate analysis
46:37 🔍 Tier 4: Specialized planning categories
51:50 📉 Losing your gains to advisor fees
56:42 👨 Advisor compensation structures
01:04:01 🚦 Understand the different types of advisor
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#finance #financialadvisor #theretirementnerds
Federal Disclaimer:
We do not offer every plan available in your area. Any information we provide is limited to those plans we do offer in your area. Please contact Medicare.gov or 1-800-MEDICARE to get information on all your options.
Disclosure:
This podcast is intended for informational purposes only, and is not a substitute for personal advice from Capita. This is not a recommendation, offer, or solicitation to buy or sell any security. Past performance is not indicative of future results. There can be no assurance that investment objectives will be achieved.
Follow the Nerds:
TikTok: https://www.tiktok.com/@retirementnerds
Instagram: https://www.instagram.com/retirementnerds/
Linkedin: https://www.linkedin.com/in/eriksoderborg/
1 hr 8 min
January 21, 2025 Which Financial Professional You Are Working With? And How They Are Paid with Zacc Call
There are many financial professionals out there, and it gets hard differentiating which one you need, how they are paid, and which have conflicting incentives with your hard earned money.
Zacc Call, President of Capita Financial Network, goes through the different financial professionals, what services they can offer, how they are paid, and how to know which you should be working with.
Download the Financial Professional Reference Sheet here:
https://theretirementnerds.com/financial-professionals-guide/
Hear more from Zacc on his podcast - The Financial Call
https://www.thefinancialcall.com/
=============================
Send me a message!
[email protected]
=============================
=============================
Be Sure to Subscribe to our Channel!
=============================
YouTube: @theretirementnerds
============================================================
Join our newsletter for monthly tips, book recommendations, and personal stories!
https://theretirementnerds.com/newsletter/
============================================================
⏰ TIME CODES ⏰
0:00 The 3 Licenses
5:30 Which do you need?
6:57 Insurance Agents
25:48 Broker/Dealers
52:30 Investment Advisors
=============================
#medicare #theretirementnerds #socialsecurity #retirementnerds #finance #financialadvisor
Federal Disclaimer:
We do not offer every plan available in your area. Any information we provide is limited to those plans we do offer in your area. Please contact Medicare.gov or 1-800-MEDICARE to get information on all your options.
Disclosure:
This podcast is intended for informational purposes only, and is not a substitute for personal advice from Capita. This is not a recommendation, offer, or solicitation to buy or sell any security. Past performance is not indicative of future results. There can be no assurance that investment objectives will be achieved.
1 hr 30 min
January 20, 2025 Avoid the Most Common Early Retirement Mistakes with Jaeden May
If you want to retire early, there are some important considerations you need to keep in mind. How are your investment accounts taxed? What about Medicare and Social Security? Should you wait or go for it now?
Jaeden May from Adams Wealth Advisors goes over how to plan for an early retirement and outlines how to structure your plans into the future.
*Connect with Jaeden here:*
https://adamswealthadvisors.com/jaeden
Need help? Email me!
[email protected]
Visit our website: https://www.TheRetirementNerds.com
Join our newsletter:
https://theretirementnerds.com/newsletter/
====================================
This video is NOT sponsored.
The Retirement Nerds is the no-cost educational platform and serves to offer information around Medicare, Social Security, Financial Planning, and Estate Planning.
⏰ TIME CODES ⏰
0:00 When Can I Retire?
3:15 Healthcare considerations
4:45 Income Control
6:22 Options For Work Investment Plans
10:35 Traditional and Roth
12:05 Taxes
15:54 The Side Hustle
19:09 Psychology of Spending
20:18 Accessing Retirement Accounts Early
25:30 When Can You Retire?
28:38 Common Pitfalls
30:25 Just the Start
32:18 How to Prepare
=============================
#retirement #retirementplanning #90daysfromretirement
Federal Disclaimer:
We do not offer every plan available in your area. Any information we provide is limited to those plans we do offer in your area. Please contact Medicare.gov or 1-800-MEDICARE to get information on all your options.
Disclosure:
This podcast is intended for informational purposes only, and is not a substitute for personal advice from Adams Wealth Advisors. This is not a recommendation, offer, or solicitation to buy or sell any security. Past performance is not indicative of future results. There can be no assurance that investment objectives will be achieved.
34 min

About The Retirement Nerds

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Retirement gets complicated. Medicare, Social Security, Investments, and your Estate Plan are the core of your retirement decisions, but each of those gets remarkably complex. They are mazes with…