Retour

Explorez tous les épisodes du podcast Retirement Planning Education, with Andy Panko

Plongez dans la liste complète des épisodes de Retirement Planning Education, with Andy Panko. Chaque épisode est catalogué accompagné de descriptions détaillées, ce qui facilite la recherche et l'exploration de sujets spécifiques. Suivez tous les épisodes de votre podcast préféré et ne manquez aucun contenu pertinent.

Rows per page:

1–50 of 210

TitreDateDurée
#124 - The basics of taxes and tax planning in retirement07 Nov 202401:00:28

Andy talks about the basics of what to know regarding taxes and tax planning in retirement. Topics discussed include: 

  • What sources of income are taxable vs non-taxable
  • Required Minimum Distributions ("RMDs") from both your own accounts and inherited accounts
  • How to pay taxes in retirement: withholdings vs making estimated payments
  • Gifting tax-efficiently
  • Making charitable donations tax-efficiently
  • Overview of common long-term tax planning strategies:
    • Delaying Social Security and distributing from pre-tax accounts in the interim
    • Roth conversions
    • Tax loss and tax gain harvesting
    • Asset "location" of which investments to hold in which account types


To send Andy questions to be addressed on future Q&A episodes, email andy@andypanko.com

Links in this episode:

  • The Rock Retirement Club - here


#123 - My thoughts on 12 common financial and retirement planning rules of thumb31 Oct 202400:51:13

Special edition episode in which Andy shares his views on whether the below 12 rules of thumb are accurate or not: 

  1. You should always contribute at least enough to your employer plan (like a 401(k)) to get the full employer match
  2. You shouldn't help your kids pay for college if it means shorting your own financial security in retirement
  3. You need at least $X million (where $X can be whatever amount someone wants to say) of savings to retire
  4. In retirement, expect to need 80% of whatever your pre-retirement income was each year
  5. The 4% "rule" is a good tool for determining how much of a portfolio someone can distribution each year in retirement
  6. Your target stock allocation percentage should be 100 minus your age
  7. You should pay off your mortgage before retiring
  8. The rule of 72 is a good tool to tell how long it will take to double your investment
  9. You should have an emergency fund of cash equal to three to six months of expenses
  10. Permanent life insurance should be avoided; only use term life insurance
  11. The owner of a large investment advisory firm says, "I hate annuities and you should too"
  12. That same person also says of his firm, "we do better when you do better"


To send Andy questions to be addressed on future Q&A episodes, email andy@andypanko.com

Links in this episode:

  • My podcast about the 4% "rule" - here


#114 – Retirement planner chat, with me...Andy Panko from Tenon Financial29 Aug 202401:54:44

We're switching things up a bit! In this week's episode, guest host Mike Powers (from Manuka Financial; was a previous guest on the podcast) chats with the show's host, Andy Panko from Tenon Financial.

In the episode, they talk about a wide array of retirement planning topics and Andy's view and approach toward them, such as tax planning, distribution strategies, investing, annuities, long-term care insurance, how to help advise people who are spending more than planned, what consumers often overlook in retirement planning and much more!

Links in this episode:




To send Andy questions to be addressed on future Q&A episodes, email andy@andypanko.com

#027 - What is Modified Adjusted Gross Income, or MAGI?16 Jun 202200:28:46

Explanation of the five different versions of Modified Adjusted Gross Income, or MAGI, you're likely to come across in retirement planning

#026 - Highlights of the 2022 Social Security Trustees Report09 Jun 202200:38:08

Summary of the key points in the 2022 Social Security Trustees Report

#025 - Introduction to Social Security02 Jun 202200:35:49

The basics of the Social Security system

#024 - What should retirees or near-retirees do as a result of the bad markets and high inflation?26 May 202200:36:33

Actions retirees and near-retirees should (and shouldn't) consider doing as a result of bad financial markets and high inflation

#023 - What is Tax Loss and Tax Gain Harvesting?19 May 202200:26:57

Explanation of tax loss harvesting and tax gain harvesting, as well as an introduction to "wash sales"

Links in this episode:

#022 - All about annuities, Part 3; Variable annuities, Indexed annuities and withdrawal riders12 May 202200:39:55

Summary of variable annuities, indexed annuities and a Guaranteed Living Withdrawal Benefit rider

Links in this episode:

#021 - All about annuities, Part 2: Income annuities and payment options05 May 202200:38:51

Summary of immediate and deferred income annuities, and explanation of the different annuity payment options available

Links in this episode:

#020 - All about annuities, Part 1: Introduction and MYGAs28 Apr 202200:34:07

The basics of annuities and details about Multi-Year Guaranteed Annuities ("MYGAs")

Links in this episode:

#019 - What are I Bonds?21 Apr 202200:37:06

Everything you ever wanted to know about I Bonds

Links in this episode:

#018 - What is Monte Carlo simulation?14 Apr 202200:31:38

Explanation of Monte Carlo simulation in retirement planning

Links in this episode:

#113 - Q&A edition...how to find a retirement tax planner, Medicare premium surcharges, bullet maturity bond ETFs and MORE!22 Aug 202400:54:46

Listener Q&A where Andy talks about: 

  • Can you retroactively increase your income for a prior tax year ( 2:37 )
  • How to find a retirement planning tax specialist ( 8:16 )
  • How the Medicare IRMAA premium surcharge income lookback works ( 17:24 )
  • Determining how much mega back door Roth contributions to do ( 22:02 )
  • Is it okay to employ your child part-time in your small business to give them earnings so you can contribute to a Roth IRA for them ( 28:07 )
  • My thoughts on "bullet" maturity bond ETFs ( 31:30 )
  • Whether reducing withdrawal rates or setting up a bucketing system eliminates Sequence of Returns Risk in retirement ( 43:27 )


To send Andy questions to be addressed on future Q&A episodes, email andy@andypanko.com

Links in this episode:

  • List of flat-free retirement planner referrals - here
  • Link to the Facebook group post about Sequence of Returns Risk - here
  • My YouTube video on Sequence of Returns Risk - here


#017 - What are the alternatives to bonds and bond funds?07 Apr 202200:30:20

Discussion of the pros and cons of possible alternatives to using bonds or bond funds in your portfolio

Links in this episode:

#016 - What are bonds and bond funds?31 Mar 202200:34:18

Explanation of bonds and bond funds; how they work, what risks they have, what their purpose is, etc.

Links in this episode:

#015 - What do all of the letters mean after financial advisors' names?24 Mar 202200:34:51

Explanation of some of the various letters and professional designations often seen after financial advisors' names

Links in this episode:

#014 - How to do your own tax return or find a preparer17 Mar 202200:31:35

Summary of the ways to do and file your own tax return, or how to find a paid tax return preparer

Links in this episode:

#013 - What are all of the forms in a retiree's tax return?10 Mar 202200:33:46

Explanation of the various forms and schedules commonly used in retiree tax returns

Links in this episode:

#012 - What are mutual fund capital gain distributions?03 Mar 202200:30:26

Explanation of mutual fund capital gain distributions, and why 2021 was a unique year for large (and taxable) distributions

Links in this episode:

#011 - How do financial advisors get paid?24 Feb 202200:35:38

Explanation of how financial advisors get paid, including the differences in compensation structure between investment managers, securities salespeople and insurance salespeople

Links in this episode:

#010 - When do I have to take distributions from inherited retirement accounts?17 Feb 202200:34:05

Summary of the Required Minimum Distribution ("RMD") rules around inherited retirement accounts

Links in this episode:

#009 - What are Required Minimum Distributions, and when do I have to take them?10 Feb 202200:31:40

Summary of Required Minimum Distributions or "RMDs"

Links in this episode:

#008 - When can I take money out of my Roth IRA without tax or penalty?03 Feb 202200:32:53

Summary of the rules around taking money out of your Roth IRA without tax or penalty

Links in this episode:

#112 – Retirement planning chat with a "real" person, Jane15 Aug 202400:40:39

Andy chats with a real person (not an advisor) doing their own retirement planning. In this episode, Andy talks with Jane (an anonymous name). They talk about a wide array of retirement planning topics such as when she started getting serious about retirement planning, what she wishes she would have known earlier, what she learned from seeing her parents go through a long term care event with her father, and a variety of financial topics such as Social Security, investing, how she and her husband plan to address their own potential long term care scenarios and more!

Links in this episode:

To send Andy questions to be addressed on future Q&A episodes, email andy@andypanko.com

#007 - What's the difference between tax-deferred, Roth and normal brokerage accounts?27 Jan 202200:29:03

Comparison of the features of tax-deferred vs Roth vs normal brokerage accounts

Links in this episode:

#006 - What's a "backdoor" Roth?20 Jan 202200:35:15

Explanation of how to do a "backdoor" Roth contribution, and what to look out for when doing it

Links in this episode:

#005 - Will I have to pay extra Medicare premiums?14 Jan 202200:26:50

Explanation of income-based Medicare premium surcharges known as IRMAA, Income Related Monthly Adjustment Amounts

Links in this episode:

#004 - Should I rollover my employer retirement plan?14 Jan 202200:37:10

The pros and cons of rolling over employer retirement plans (401(k), 403(b), 457, TSP) to IRAs and Roth IRAs

Links in this episode:

#003 - Should I take my pension as payments or a lump sum?14 Jan 202200:39:06

Discussion of the pros and cons, and a decision-making framework, in deciding between taking a pension as lifetime payments or a lump sum

Links in this episode:

#002 - What's the 4% Rule?14 Jan 202200:39:47

Everything you ever wanted to know about the 4% Rule


Links in this episode:

#001 - How much money do I need to retire?14 Jan 202200:29:16

A framework for figuring out how much money you need to retire.


Links in this episode:

#111 – Retirement planner chat, with Victor Medina from Palante Wealth08 Aug 202401:27:12

Andy chats with fellow retirement planner Victor Medina, CFP®, RICP®, CELA® from Palante Wealth. In this episode they talk about a wide array of retirement planning topics such as tax planning, distribution strategies, investing, annuities, long-term care insurance, how to help advise people who are spending more than planned, what consumers often overlook in retirement planning and much more!

Links in this episode:

To send Andy questions to be addressed on future Q&A episodes, email andy@andypanko.com

#110 1/2 - ONE MORE pro of rolling over employer plans (like a 401(k)) to an IRA05 Aug 202400:10:00

I'm a buffoon and I missed including another important pro of doing an employer plan-to-IRA rollover in episode #110's list of pros and cons of rollovers. The additional potential pro is the ability to do Qualified Charitable Distributions ("QCDs") out of the IRA if you're at least 70 1/2 and charitably inclined.

So, the recap the full list of pros (including QCDs) and cons of doing an employer plan-to-IRA rollover:

Potential PROS of rolling over an employer plan to an IRA or Roth IRA:

  • More investment options
  • Likely lower fees and costs
  • Access to professional advice
  • Better control over tax withholdings
  • More withdrawal options
  • Less Required Minimum Distributions ("RMDs") to manage
  • Less financial clutter
  • Gain the ability to do Qualified Charitable Distributions ("QCD")


Potential CONS of rolling over an employer plan to an IRA or Roth IRA:

  • May lose the ability to take early distributions without penalty
  • May lose the ability to cleanly do backdoor Roth IRA contributions
  • May lose the ability to continue to delay RMDs from that plan (if you're still working at that employer)
  • Lose the ability to take loans from the money
  • May lose the ability to take advantage of Net Unrealized Appreciation ("NUA") of company stock
  • May lose access to a stable value or managed income portfolio investment option
  • Potentially less creditor protection


Links in this episode:



To send Andy questions to be addressed on future Q&A episodes, email andy@andypanko.com

#110 - Pros and cons of rolling over employer plans [like a 401(k)] to an IRA01 Aug 202401:05:22

Andy summarizes the pros and cons of rolling over an employer plan (such as a 401(k), 403(b), 401(a), 457 or the federal Thrift Savings Plan) to an IRA or Roth IRA. To sum up:

Potential PROS of rolling over an employer plan to an IRA or Roth IRA:

  • More investment options
  • Likely lower fees and costs
  • Access to professional advice
  • Better control over tax withholdings
  • More withdrawal options
  • Less Required Minimum Distributions ("RMDs") to manage
  • Less financial clutter


Potential CONS of rolling over an employer plan to an IRA or Roth IRA:

  • May lose the ability to take early distributions without penalty
  • May lose the ability to cleanly do backdoor Roth IRA contributions
  • May lose the ability to continue to delay RMDs from that plan (if you're still working at that employer)
  • Lose the ability to take loans from the money
  • May lose the ability to take advantage of Net Unrealized Appreciation ("NUA") of company stock
  • May lose access to a stable value or managed income portfolio investment option
  • Potentially less creditor protection


Links in this episode:

  • Summary of the creditor protection of IRAs and Roth IRAs by state - here


To send Andy questions to be addressed on future Q&A episodes, email andy@andypanko.com

#109 - Q&A edition...how to know if your 401(k) is good, how much tax to withhold from Social Security, should you invest in International stocks and MORE!25 Jul 202400:43:43

Listener Q&A where Andy talks about: 

  • How to know if your 401(k) is good ( 5:57 )
  • Is it safer to bank at multiple banks instead of just one ( 14:33 )
  • How much tax should you withhold from your Social Security ( 21:10 )
  • Whether each spouse needs to take out excess Roth IRA contributions if only one spouse's income put their Married Filing Joint total income over the Roth IRA contribution eligibility threshold ( 25:20 )
  • Should you hire an advisor for a one-time Roth conversion analysis and plan if they claim it can save you millions in lifetime taxes ( 27:20 )
  • Should you own international stocks in your stock allocation ( 31:58 )


To send Andy questions to be addressed on future Q&A episodes, email andy@andypanko.com

Links in this episode:

  • Form W-4V to have federal taxes withhold from your Social Security payments - here
  • Dinkytown online tax return calculator - here
  • My YouTube video on fixing excess Roth IRA contributions - here
  • My article about the futility of trying to quantify the value of Roth conversions - here




#108 – Retirement planning chat with "real" people, Ali & Alison Walker18 Jul 202401:38:27

Andy chats with real people (not advisors) doing their own retirement planning. In this episode, Andy talks with Ali & Alison Walker, who live in Arizona currently but lived and traveled abroad for a few years after retiring. They talk about a wide array of retirement planning topics such as when Ali & Alison started getting serious about retirement planning, what they wish they would have known earlier, how they planned for the non-financial aspects of retirement, and a variety of financial topics such as Social Security, investing, portfolio distributions, how they plan to address any potential long term care scenarios and more!

Links in this episode:


#107 – Retirement planner chat, with Mike Powers from Manuka Financial11 Jul 202401:51:51

Andy chats with fellow retirement planner Mike Powers, CPA, PFS, CFP®, from Manuka Financial. In this episode they talk about a wide array of retirement planning topics such as tax planning, distribution strategies, investing, annuities, long-term care insurance, how to help advise people who are spending more than planned, what consumers often overlook in retirement planning and much more!

Links in this episode:

  • Mike's company's website - Manuka Financial
  • Michael Kitces website - here
  • Mr Money Mustache blog - here
  • ChooseFI financial independent community - here
  • Early Retirement Now website - here
  • Allan Roth from Wealth Logic - here
  • David Hulstrom from Financial Architects - here


#106 - How to decide the optimal time to start your Social Security benefits04 Jul 202400:43:25

Andy talks about the main points to consider when deciding when to start your Social Security retirement benefits

Links in this episode:


#122 - Q&A edition...tracking Roth IRA contributions, what to do with leftover RMD money, using total bond market funds and MORE!24 Oct 202400:39:45

Listener Q&A where Andy talks about: 

  • How to keep track of Roth IRA contributions ( 6:45 )
  • Considering getting employer-sponsored health insurance to supplement Medicare ( 12:15 )
  • What to do with money from an RMD that you don't actually need ( 16:48 )
  • Understanding the capital gain exclusion on selling your primary residence ( 19:58 )
  • How to determine how much you can rent out a rental property for, and how to screen for tenants ( 23:42 )
  • How to distribute from a portfolio that includes total bond market funds as its fixed income allocation ( 28:10 )
  • Rolling over up to $35k of unused 529 funds into a Roth IRA ( 34:28 )


To send Andy questions to be addressed on future Q&A episodes, email andy@andypanko.com

Links in this episode:

  • The Boomer Benefits Facebook group - here
  • My podcast about the primary residence sale capital gain exclusion - here
  • TransUnion SmartMove website - here


#105 - Q&A edition... having mortgages in retirement, understanding Medicare coinsurance, when to consider long term care insurance and MORE!27 Jun 202400:54:59

Listener Q&A where Andy talks about: 

  • Whether or not it's okay to have a mortgage or rent in retirement ( 1:56 )
  • Medicare Part B coinsurance of 20% and whether Medigap/Supplemental policies are worth it ( 8:50 )
  • How much money is TOO MUCH money to have in a Health Savings Account ( 13:50 )
  • If I've changed any of my views or processes around retirement planning as a result having chatted with multiple "real people" and other retirement planners in this podcast ( 24:57 )
  • How advisors can help improve the perception of the industry and how consumers can help try to better vet their potential advisor ( 28:58 )
  • How much net worth is enough to consider not having long term care insurance or life insurance ( 43:52 )


Links in this episode:

  • FINRA's BrokerCheck - here


#104 – Retirement planning chat with a "real" person, Laura Maione20 Jun 202401:11:07

Andy chats with a real person (not an advisor) doing their own retirement planning. In this episode, Andy talks with Laura Maione, who lives in Illinois and retired during the pandemic. They talk about a wide array of retirement planning topics such as when Laura started getting serious about retirement planning, what she wishes he would have known earlier, how she planned for the non-financial aspects of retirement, and a variety of financial topics such as Social Security, investing, portfolio distributions, how she plans to address any potential long term care scenarios and more!

Links in this episode:

  • Bogleheads forum - here
  • Early Retirement - here
  • FireCalc - here
  • i-ORP Retirement Planner - here


#103 – Retirement planner chat, with Angie Furubotten-LaRosee from Avea Financial Planning13 Jun 202401:33:48

Andy chats with fellow retirement planner Angie Furubotten-LaRosee CFP®, from Avea Financial Planning. In this episode they talk about a wide array of retirement planning topics such as tax planning, distribution strategies, investing, annuities, long-term care insurance, how to help advise people who are spending more than planned, what consumers often overlook in retirement planning and much more!

Links in this episode:


#102 - Highlights of the 2024 Social Security Trustees Report06 Jun 202400:40:13

Andy gives a summary of the key takeaways from the recently released 2024 Social Security Trustees Report

Links in this episode:

  • The 2024 Social Security Trustees Report - here
  • The "Summary of Provisions That Would Change the Social Security Program" - here


#101 - Q&A edition...Choosing a custodian, 401(k) contribution limits, gift tax exclusion limits and MORE!30 May 202400:34:24

Listener Q&A where Andy talks about: 

  • How to choose a brokerage firm/custodian to use ( 3:00 )
  • How frequently to rebalance your portfolio ( 11:46 )
  • Annual 401(k) contribution limits between employee and employer contributions ( 14:55 )
  • Understanding gift taxes, when a gift tax return is required, the lifetime gift/estate size exemption and the annual gift exclusion ( 19:08 )
  • The two different 5-year rules for Roth IRAs ( 24:03 )
  • How mortgages or home equity lines of credit play into how much of the gain on the sale of your primary residence can be excluded ( 28:43 )


Links in this episode:


#100 – 100th episode celebration!!! Andy's 100 words of retirement planning wisdom23 May 202401:30:56

Thank you for your support through 100 episodes!!! 🥳 To celebrate the milestone of the 100th episode, Andy shares his 100 best bits of retirement planning wisdom, broken up into 10 topics of 10 pieces of wisdom each. The 10 topics are:

1) Investments, 2) Social Security, 3) Medicare, 4) Taxes, 5) Estate & Legacy Planning, 6) Annuities & Life Insurance, 7) Pensions, 8) Long Term Care, 9) the Financial Advisory Industry and 10) Non-Financial & Life Planning

Links in this episode:

  • Genworth Cost of Care Survey - here
  • FINRA's BrokerCheck - here 


#099 – Retirement planning chat with a "real" person, Al DiSalvio16 May 202401:02:45

Andy chats with a real person (not an advisor) doing their own retirement planning. In this episode, Andy talks with Al DiSalvio, who lives in New Jersey and plans on retiring in 2025. They talk about a wide array of retirement planning topics such as when Al started getting serious about retirement planning, what he wishes he would have known earlier and a variety of financial topics such as Social Security, investing, Roth conversions, how he recently took a work assignment abroad and more!

Links in this episode:

  • Roger Whitney's Retirement Answer Man podcast - here
  • Rob Berger's YouTube channel - here
  • Joe Kuhn's YouTube channel - here


#098 – Retirement planner chat, with Lauren Hunt from Daybreak Wealth Management09 May 202401:13:01

Andy chats with fellow retirement planner Lauren Hunt, CFP®, from Daybreak Wealth Management. In this episode they talk about a wide array of retirement planning topics such as tax planning, distribution strategies, investing, annuities, long-term care insurance, how to know when someone has "enough" to retire, what consumers often overlook in retirement planning and much more!

Links in this episode:


#097 – Inherited IRA Required Minimum Distribution ("RMD") rules02 May 202400:44:23

Explanation of the Required Minimum Distribution ("RMD") rules for inherited IRAs

Links in this episode:


#096 - Q&A edition...US government debt concerns, Health Savings Accounts, how to estimate taxes and MORE!25 Apr 202400:45:51

Listener Q&A where Andy talks about: 

  • Am I concerned about the increasing amount of US government debt, and how do I think it will impact retirees' investments ( 1:32 )
  • Are there any custodians that offer Roth versions of SEP IRAs ( 16:58 )
  • Is there a simple way to estimate what your total taxes will be for the year ( 19:28 )
  • Could it make sense to invest in municipal bonds instead of bonds where the interest is taxable - even if the after-tax yield of the non-municipal bonds is higher - if the interest from the municipal bonds will have smaller impact on Modified Adjusted Gross Income for things like Medicare premium surcharges and Affordable Care Act premium tax credits ( 26:01 )
  • A listener's feedback on why he feels a living/revocable trust was a good idea for him ( 31 :48 )
  • How much money is TOO MUCH to have in a Health Savings Account ("HSA") ( 36:16 )
  • Is it better to take a year's Required Minimum Distribution ("RMD") all at once, or spread out throughout the year ( 42:05 )


Links in this episode:

© My Podcast Data
About usPrivacy Policy