Retirement Planning Education, with Andy Panko

Explanation of some of the various letters and professional designations often seen after financial advisors' names Links in this episode: Rock Retirement Club - here Facebook group - Retirement Planning Education (formerly Taxes in Retirement) YouTube channel - Retirement Planning Education (formerly Retirement Planning Demystified) Newsletter - Retirement Planning Insights

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: IRS forms and schedules search tool - here IRS PTIN and "credentialed" return preparer directory - here IRS VITA and TCE info and locator tool - here AARP Tax-Aide info and locator tool - here IRS "Free File" and "Free Fillable Forms" info - here Fa...

Explanation of the various forms and schedules commonly used in retiree tax returns Links in this episode: IRS forms and schedules search tool - here My YouTube video - Overview of Federal Income Taxation My YouTube video - Understanding a Retiree Tax Return PDF of the tax return discussed in the above video - here Facebook group - Retirement Planning Education (formerly Taxes in Retirement) YouTu...

Explanation of mutual fund capital gain distributions, and why 2021 was a unique year for large (and taxable) distributions Links in this episode: Wall Street Journal article about a particular fund company's large capital gain distributions in their target date retirement funds - here Facebook group - Retirement Planning Education (formerly Taxes in Retirement) YouTube channel - Retirement P...

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: My three-part video series about how to find a financial advisor - here Facebook group - Retirement Planning Education (formerly Taxes in Retirement) YouTube channel - Retirement Planning Education (...

Summary of the Required Minimum Distribution ("RMD") rules around inherited retirement accounts Links in this episode: "Free Stuff" (including the IRS Uniform Lifetime table and flowcharts) - here IRS Joint Life and Last Survivor Expectancy table - here My detailed video about RMDs from inherited accounts - here Facebook group - Retirement Planning Education (formerly Taxes in...

Summary of Required Minimum Distributions or "RMDs" Links in this episode: "Free Stuff" (including the IRS Uniform Lifetime table) - here IRS Joint Life and Last Survivor Expectancy table - here Facebook group - Retirement Planning Education (formerly Taxes in Retirement) YouTube channel - Retirement Planning Education (formerly Retirement Planning Demystified) Newsletter - Ret...

Summary of the rules around taking money out of your Roth IRA without tax or penalty Links in this episode: "Free Stuff" (including Roth withdrawal rule summary sheet) - here Facebook group - Retirement Planning Education (formerly Taxes in Retirement) YouTube channel - Retirement Planning Education (formerly Retirement Planning Demystified) Newsletter - Retirement Planning Insights

Comparison of the features of tax-deferred vs Roth vs normal brokerage accounts Links in this episode: Facebook group - Retirement Planning Education (formerly Taxes in Retirement) YouTube channel - Retirement Planning Education (formerly Retirement Planning Demystified) Newsletter - Retirement Planning Insights

Explanation of how to do a "backdoor" Roth contribution, and what to look out for when doing it Links in this episode: Summary of helpful tax and financial planning info for 2022 - here Facebook group - Retirement Planning Education (formerly Taxes in Retirement) YouTube channel - Retirement Planning Education (formerly Retirement Planning Demystified) Newsletter - Retirement Planning In...

A framework for figuring out how much money you need to retire. Links in this episode: Life expectancy calculator - Living To 100 Facebook group - Retirement Planning Education (formerly Taxes in Retirement) YouTube channel - Retirement Planning Education (formerly Retirement Planning Demystified) Newsletter - Retirement Planning Insights

Everything you ever wanted to know about the 4% Rule Links in this episode: Facebook group - Retirement Planning Education (formerly Taxes in Retirement) YouTube channel - Retirement Planning Education (formerly Retirement Planning Demystified) Newsletter - Retirement Planning Insights

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: Life expectancy calculator - Living To 100 IRS pension present value "segment rates" - here Pension Benefit Guaranty Corporation ("PGBC") website - here Facebook group - Retirement Planning Education (formerly Taxes in...

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: Facebook group - Retirement Planning Education (formerly Taxes in Retirement) YouTube channel - Retirement Planning Education (formerly Retirement Planning Demystified) Newsletter - Retirement Planning Insights

Explanation of income-based Medicare premium surcharges known as IRMAA, Income Related Monthly Adjustment Amounts Links in this episode: 2022 Medicare IRMAA amounts - here Form SSA-44 - here Facebook group - Retirement Planning Education (formerly Taxes in Retirement) YouTube channel - Retirement Planning Education (formerly Retirement Planning Demystified) Newsletter - Retirement Planning Insight...