In 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
There 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-reti...
Since 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
Today 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-sec...
Today 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
There 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 ...
We 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
In 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
Tim 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
Today, 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
In 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-retiremen...
This 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
In 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
Understanding investment fees is challenging! In this article, Tim discusses 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.
For more information, visit the show notes at https://erwealth.com/podcastblog/investment-returns-receiving-value-from-your-advisor
The SECURE Act has been called the most comprehensive, sweeping retirement security legislation in recent history, and is now the law. But does this act address the massive scale of millions of Americans that are unprepared for their retirement? Let's review seven provisions of The SECURE Act to determine how this act might affect you.
For more information, visit the show notes at https://erwealth.com/podcastblog/the-secure-act...
The Story of the Mexican Fisherman has been bouncing around the internet for years in one form or another. It’s been an inspiration to many, that live in the rat race or try to keep up with the Joneses, to slow down, reassess their situations, and really think about the lives they want to live.
For more information, visit the show notes at https://erwealth.com/podcastblog/the-story-of-the-mexican-fisherman
There can be quite a bit of confusion over how and where your assets are actually held when you have an investment account in general or when you have an account with a registered investment advisor (RIA) firm like Eagle Ridge Wealth Advisors. This week, Tim covers what a custodian is and does and how to avoid getting Bernie Madoffed!
For more information, visit the show notes at: https://erwealth.com/podcastblog/custody-of-assets...
This week we dig into Social Security. Optimizing Social Security is one of the biggest value-adds a good advisor can provide to the retirement planning process. Tim talks about why you shouldn't claim Social Security benefits just because you can, how important Social Security is for so many Americans and why the Social Security program isn't going anywhere anytime soon.
For more information, visit the show notes at https:...
The investment landscape has greatly changed since the 1980s. Economic and societal change along with longer life expectancies are leading to recommendations of a greater allocation to equities if the client's risk tolerance will allow for it.
This week Tim summarizes a recent MarketWatch.com article about Bank of America's announcement regarding the end of the 60/40 portfolio.
For more information, visit the show notes at ...
This week we will continue with the theme of tax planning. Tim covers a listener question: Will capital gains push me into a higher tax bracket? Then he gives some thoughts on the financial advice industry as a whole.
For more information, visit the show notes at https://erwealth.com/podcastblog/will-capital-gains-push-me-into-a-higher-tax-bracket