In this episode of The Retirement Nerds, Erik Soderborg and Zacc Call walk you through Zacc’s brand new Net Worth Calculator tool — a simple but powerful way to understand where you stand financially.

DOWNLOAD THE WORKSHEET FOR FREE HERE:

https://theretirementnerds.com/networthcalculator/

OTHER FREE DOWNLOADS:

https://theretirementnerds.com/free-downloads/

ZACC'S CHANNEL:

https://www.youtube.com/@ZaccMoneyEducation

RELATED VIDEOS:

https://youtu.be/NxH2jHzZwFo

https://youtu.be/voWbWZ9tu04

https://youtu.be/8uC1lgkZUWE

In this video we go over:

How to calculate your net worth using assets and liabilities

Why tracking net worth is critical for financial planning

How to use this calculator to monitor progress and spot red flags

Real-world examples of how to input your information

Tips for improving your net worth over time

Whether you're just starting your financial journey or preparing for retirement, this video will give you a clear, data-driven way to measure your financial health.

📌 Download the calculator, follow along, and take control of your money!

Check out our resources at https://TheRetirementNerds.com/

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Send me a message!

Erik@TheRetirementNerds.com

Be Sure to Subscribe to our Channel!

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YouTube: @theretirementnerds

Join our newsletter for monthly tips, book recommendations, and personal stories!

https://theretirementnerds.com/newsletter/

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⏰ TIME CODES ⏰

0:00 Intro to the Calculator

2:54 Net Worth Statement

6:00 Saving as PDF

7:30 Step 1: The Setup

14:30 Step 2: Data Entry

31:50 Tony and Pepper Stark Examples

40:55 Step 3: Net Worth Statement Functionality

43:16 Reason #1 to Know Net Worth

45:17 Reason #2 to Know Net Worth

46:29 Reason #3 to Know Net Worth

46:56 Reason #4 to Know Net Worth

47:51 Reason #5 to Know Net Worth

48:35 Step 4: Net Worth Charts

56:58 Where to Get Help

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#networth #theretirementnerds #zacccall #retirementnerds #finance

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.

Thinking of contributing to a Roth IRA or doing a Roth conversion? Before you do, make sure you’re not falling into one of the 16 most common mistakes people make.

In this episode of The Retirement Nerds, Erik Soderborg sits down with Zacc Call to break down critical errors that could cost you more in taxes, hurt your retirement income strategy, or derail your financial plan altogether.

📌 In this video:

When Roth conversions hurt more than they help

The tax trap of “bracket creep”

Why Roth isn’t always right for high earners

Mistakes with timing, Medicare premiums (IRMAA), and Social Security

Roth rules most investors overlook

Contribution vs conversion confusion explained

Smart strategies to get Roth right

If you're serious about tax-efficient retirement planning, this is must-watch content.

Here is where you can download the Social Security Taxability Worksheet for free:https://theretirementnerds.com/social-security-worksheet/

Zacc's Channel:

https://www.youtube.com/@ZaccMoneyEducation

OTHER RELATED VIDEOS:

https://youtu.be/HNQbgUTqzRs

https://youtu.be/QXC0j1O-eAg

https://youtu.be/-ifv6Y6migk

https://youtu.be/ZetbFdEqi2A

https://youtu.be/Q82iDCI_lZg

https://youtu.be/VHHNYdpVwrU

https://youtu.be/NxH2jHzZwFo

Check out our resources at https://TheRetirementNerds.com/

=============================

Send me a message!

Erik@TheRetirementNerds.com

=============================

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 Teaser

0:25 Data over Dogma

3:26 Mistake #1

5:48 Mistake #2

10:52 Mistake #3

15:47 Mistake #4

19:35 Mistake #5

21:21 Mistake #6

21:43 Mistake #7

24:52 Mistake #8

27:05 Mistake #9

29:32 Mistake #10

34:30 Mistake #11

43:21 Mistake #12

44:57 Mistake #13

48:10 Mistake #14

48:57 Mistake #15

53:33 Mistake #16

59:33 Where to Get Help

1:00:30 3 People Who Benefit

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#roth #rothvstraditional #theretirementnerds #socialsecurity #retirementnerds #finance #zacccall #eriksoderborg

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.

In this interview, Erik Soderborg sits down with estate planning expert Jim Burch to answer one of the most common (and important) legal questions:

When should you update your will or trust?

Whether you already have an estate plan in place or you're wondering if it's time to revisit it, Jim outlines the key life events, financial changes, and family situations that should trigger a review or amendment of your trust or will.

Here is the Estate Planning 101 Video for more background:

https://youtu.be/nkFQmsdCW-I

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Send me a message!Erik@TheRetirementNerds.com

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OTHER ESTATE PLANNING VIDEOS:

https://youtu.be/vLC0I19mWNU

https://youtu.be/jaKuNJsLSX4

https://youtu.be/cx8ySoE54Es

📌 Topics covered in this video:

How often should you update your estate plan?

What events require a trust or will amendment?

Do you need to update your trust after buying a home or having a child?

Common mistakes people make by waiting too long

The difference between amending and restating a trust

If you want to keep your estate plan current and legally effective, this video is essential viewing.

👍 Don’t forget to like, comment, and subscribe for more expert insights on estate planning, trusts, wills, and financial protection.

Check out our resources at https://TheRetirementNerds.com/

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Be Sure to Subscribe to our Channel!

=============================

YouTube: @theretirementnerds

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Join our newsletter for monthly tips, book recommendations, and personal stories!

https://theretirementnerds.com/newsletter/

============================================================

⏰ TIME CODES ⏰

0:00 Intro

1:12 Changing a Trust

1:44 Restated Amendment

2:26 Ensuring it is Funded

3:18 What Changes Over Time

4:15 State-Specific Considerations

6:35 What Triggers Needing an Amendment

10:07 Process to do an Amendment

11:31 Costs to do this

12:55 Simple Amendment

13:29 Things that DON'T need an Amendment

16:28 Changing Trustee Implications

18:19 Where to Get Help

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#estateplanning #willsandtrusts #theretirementnerds #retirementnerds

Legal Disclaimer:This is not legal advice. Consult with an estate planning professional before making changes or decisions around your will, trust, or other estate planning documents.