1. Remove your rear wheel. Read How to remove and reinstall your rear wheel for detailed instructions on this process.
Note: 1983 model Goldwings do not have a bearing retainer ring. For 1983 Goldwings, skip to step 5.
2. Before removing the bearing retainer ring, using a 3/32" drill, drill out the previous stake. This is an indentation between the ring and the wheel made with a drift punch or screwdriver and a hammer. It serves to prevent the retainer ring from backing out after it is tightened. If it is not drilled out, it may damage the threads when the ring is removed. Only the tiniest bit needs to be drilled out - just enough to keep it from intruding upon the threads.

3. Remove the bearing retainer ring. This ring has four indentations. You can try the old standby of sitting a pair of needlenose pliers into the holes, then grabbing the pliers with a large set of pliers (i.e. ChannelLock pliers), and while pressing down (to keep the needlenose ends from popping out of the holes), rotate the whole thing counterclockwise to loosen it. However, there is some chance that the pliers will break, the ends will pop out of the holes, or you will damage or gouge the ring. A much better option is to build a tool out of a large 1 1/4 inch socket. Mark on the side of the socket where the holes in the retainer ring will fit, and grind away the remainder with an angle or bench grinder.

The result is a tool that will remove the bearing retainer ring for both front and rear wheels on your motorcycle:

Seat the pins on your modified socket into the holes on the bearing retainer ring, apply downward pressure, and remove the ring. The ring will likely be stiff to move at first - I ended up using an impact wrench rather than fight with it for a long period of time.

4. Remove the bearing retainer ring, and clean the dirt and grease remaining on the seal.

5. Another custom tool: Purchase a 6 inch, 3/4" diameter threaded bolt. Do not get a high-strength "grade 8" bolt - the cheapest zinc/alloy coated bolt you can buy will work best.

6. Using a hacksaw, cut a 1 1/2 to 2 inch long slot down the threaded end of the bolt.

7. Push the bolt through from the right side of the wheel, until the slotted end is just below the top of the bearing.

8. Push a large flat head screwdriver into the slot. With the head of the bolt on the floor, use a sledgehammer to pound the screwdriver into the slot until it jams. This will secure the threads of the bolt securely against the inner race of the bearing.

9. Use the sledgehammer to pound on the head of the bolt on the other side of the wheel. You may want to hold the screwdriver in place to make sure it isn't bumped out of the slot. The bearing should work its way out of the wheel rim as you hit the bolt. Be careful not to hit the wheel with the hammer!

10. This may take several tries before the bearing comes completely out.

11. Remove the center spacer from the hub of the wheel.

12. Insert the bolt into the left side of the wheel, head first, so that the head rests against the bearing on the right side of the wheel. Hit the bolt with a sledgehammer to drive the bearing out.

13. Notice that the OEM bearings are not sealed: The sealed side is on the outside, and the inside is where the grease is packed in. Note also that the bearings are different sizes - make sure you put the new bearings in the correct sides! Old bearings can never be reused.

14. Clean the bearing seats on the right side of the wheel extremely well, to ensure there is no dirt or residue remaining.

15. Gently push the replacement bearing into the hub. If the bearing is not completely sealed, make sure you pack the bearing with grease first, and ensure the open side faces the inside of the wheel.

16. Press the bearing into the hub. I use a large socket and a sledgehammer to do this. It is VERY important that the bearing go in flat, so ensure you don't push one side in, then the other - do it evently. Make sure you are using the outside race only - do not apply pressure to the inner bearing race, or the plastic seal in between the races.

17. Make sure that the bearing is fully seated. It is critical that the bearing is absolutely flush with the wheel hub, so that it rotates true with the wheel. If it is not fully pressed in on one side, and wobbles as the wheel turns, it will fail in short order after the motorcycle is ridden.

18. Clean and lightly grease the center spacer, then insert it into the hub. Don't forget this step, it's too late after you've installed the second bearing!

19. Press the left bearing into the hub the same way you did the first bearing. Don't pound it in as hard as you can get it! You want the spacer in the wheel hub to be able to rotate freely. If the spacer is binding up when you turn it, you have pounded in the bearing too far. This is a problem: by doing so, you are side loading the bearings, which will cause early failure. On the other hand, you don't want the spacer to rattle around - if this is the case, the bearing isn't in far enough. Seat it gently, checking the movement of the spacer frequently.

Note: 1983 model Goldwings do not have a bearing retainer ring. For 1983 Goldwings, skip to step 24.
20. On the left side of the wheel, gently start to thread the bearing retainer ring into the hub.

21. Using your custom tool, tighten the bearing retainer ring.

22. Using a drift punch (or a philips screwdriver) and a hammer, stake the edge of the bearing retainer ring.

23. The staked edge prevents the bearing retainer ring from backing out.

24. Reinstall your rear wheel. Read How to remove and reinstall your rear wheel for detailed instructions on this process.