Retirement Planning Education, with Andy Panko

Part 2 of 2 of my discussion with Social Security expert, Devin Carroll, where he debunks 7 common Social Security myths (original recording was from December 2020)  Links in this episode: Devin's YouTube channel - https://www.youtube.com/@DevinCarroll Devin's blog - https://www.socialsecurityintelligence.com/ Devin's Facebook group - https://www.facebook.com/groups/428684237572614...

Part 1 of 2 of my discussion with Social Security expert, Devin Carroll, where he debunks 7 common Social Security myths (original recording was from December 2020)  Links in this episode: Devin's YouTube channel - https://www.youtube.com/@DevinCarroll Devin's blog - https://www.socialsecurityintelligence.com/ Devin's Facebook group - https://www.facebook.com/groups/428684237572614...

Listener Q&A where Andy talks about:  When Highly Compensated Employees may need to retroactively have some of their 401(k) contributions removed How changes in interest rates and inflation impact Social Security benefits  Required Minimum Distributions (“RMDs”) from a 401(k) inherited in 2006  The difference in income taxation between revocable and irrevocable trusts  Pros and cons of target...

Part 6 of 6 of a multi-part series on an introduction to investing. In this episode, Andy talks about how to create and manage your portfolio including what to consider when picking an asset allocation, how often to rebalance and how to do tax-efficient asset "location" Links in this episode: My YouTube video - What is Sequence of Returns Risk My YouTube video - How to Optimize Asset Loc...

Part 5 of 6 of a multi-part series on an introduction to investing. In this episode Andy talks about the various places in which cash can be invested, as well gives a summary of multiple types of "alternative" investments such as real estate, commodities, hedge funds, interval funds and insurance products Links in this episode: My Podcast episode - What is a LIRP, or Life Insurance Retir...

Part 4 of 6 of a multi-part series on an introduction to investing. In this episode Andy talks about mutual funds and exchange traded funds ("ETFs"); what they are, what strategies they use, how to trade them, how they're valued, tax considerations, etc.   Links in this episode: My YouTube video What are Mutual Fund Capital Gain Distributions Facebook group - Retirement Planning Edu...

Part 3 of 6 of a multi-part series on an introduction to investing. In this episode Andy talks about bonds; what they are, how to trade them, how to value them, what makes their prices change, what terminology to know, etc.   Links in this episode: My YouTube video about Bonds, Bond Prices and Bond Yields Facebook group - Retirement Planning Education (formerly Taxes in Retirement) YouTube channel...

Part 2 of 6 of a multi-part series on an introduction to investing. In this episode Andy talks about stocks; what they are, how to buy and sell them, how to value them, what terminology to know, etc. Links in this episode: Facebook group - Retirement Planning Education (formerly Taxes in Retirement) YouTube channel - Retirement Planning Education (formerly Retirement Planning Demystified) Retireme...

Part 1 of 6 of an introduction to investing. This episode talks about some background considerations to investing, such as risk-reward trade off and the concepts of risk tolerance & capacity, and also gives an overview of the different types of investment accounts such as brokerage accounts, IRAs, 401(k)s, etc. Links in this episode: My YouTube video about Asset Location - here My podcast epis...

Summary of the provisions of the recently enacted SECURE 2.0 Act of 2022 legislation that are most likely to impact you and your retirement planning Links in this episode: Full text of SECURE 2.0 Act of 2022 (starts on page 817) - here Jeffrey Levine's awesome summary of SECURE 2.0 - here The U.S. Senate's formal summary of each provision of SECURE 2.0 - here Facebook group - Retirement...

Part 2 of 2 of my discussion with Amy Colton, MBA, CDFA, founder of Your Divorce Made Simple, to talk about financial planning considerations specific to divorce (original recording was from November 2021) Links in this episode: Amy's website - www. YourDivorceMadeSimple.com Facebook group - Retirement Planning Education (formerly Taxes in Retirement) YouTube channel - Retirement Planning Edu...

Part 1 of 2 of my discussion with Amy Colton, MBA, CDFA, founder of Your Divorce Made Simple, to talk about financial planning considerations specific to divorce (original recording was from November 2021) Links in this episode: Amy's website - www. YourDivorceMadeSimple.com Facebook group - Retirement Planning Education (formerly Taxes in Retirement) YouTube channel - Retirement Planning Edu...

Explanation of what tax planning is, and isn't. Andy discusses the typical types of services and advice that make up tax planning within retirement planning 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

Listener Q&A where Andy talks about: The differences between governmental and non-governmental (aka “tax-exempt”) 457(b) plans When Roth 401(k) conversions can be accessed without tax or penalty Whether certain mutual fund sales and purchases will constitute a wash sale Whether it’s better to purchase 10-year US Treasury notes sooner or later if you assume the Federal Reserve will continue rai...

Explanation of the basic structure of the U.S. Federal income tax system Links in this episode: YouTube video - Overview of Federal Income Taxation YouTube video - Estimated Taxes, Tax Withholdings and Underpayment Penalties Facebook group - Retirement Planning Education (formerly Taxes in Retirement) YouTube channel - Retirement Planning Education (formerly Retirement Planning Demystified) Newsle...

Andy discusses what he's thankful for with regards to his career in retirement planning, and more broadly about retirement planning in general 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

An introduction to the key aspects of estate planning 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

Listener Q&A where Andy talks about: How the Social Security "Earnings Test" and "Family Maximum" are applied Whether RMDs can be delayed from a Solo 401(k) if still working How Social Security Survivor Benefits work If you can still contribute to a 401(k) if you're still working beyond RMD age What Tax Gain Harvesting is and how to use it Links in this episode: YouTub...

Part 2 of 2 of my discussion with Danielle Roberts, founder of Boomer Benefits, to talk about all things Medicare (original recording was from October 2020) Links in this episode: 2023 Medicare Parts A & B premiums and deductibles, as well as Medicare surcharge (aka "IRMAA") income levels and surcharge amounts - here 2023 Medicare Part D catastrophic coverage out of pocket limit - he...

Part 1 of 2 of my discussion with Danielle Roberts, founder of Boomer Benefits, to talk about all things Medicare (original recording was from October 2020) Links in this episode: 2023 Medicare Parts A & B premiums and deductibles, as well as Medicare surcharge (aka "IRMAA") income levels and surcharge amounts - here 2023 Medicare Part D catastrophic coverage out of pocket limit - he...

Summary of Social Security Cost of Living Adjustments (or "COLAs") and whether the recently announced 2023 COLA of 8.7% will apply to you (spoiler alert...it doesn't apply to everyone!) Links in this episode: Monthly Consumer Price Index ("CPI") values from the Bureau of Labor Statistics - here YouTube video - Calculating Your Social Security Primary Insurance Amount YouTu...

Listener Q&A where Andy answers questions about: How the IRS knows if you satisfy RMDs on an inherited account if  you move the account between custodians during the year The deductibility of long-term care expenses as medical expenses Taxation of selling Restricted Stock Units (“RSUs”) Medicare premium surcharges while your Medicare benefits are suspended How to plan for the known knowns, the...

Part 2 of 2 of the audio replay of my previous video with Josh Blum from Mutual of Omaha where we talked all about reverse mortgages Links in this episode: Replay of the original video with Josh - here Facebook group - Retirement Planning Education (formerly Taxes in Retirement) YouTube channel - Retirement Planning Education (formerly Retirement Planning Demystified) Newsletter - Retirement Plann...

Part 1 of 2 of the audio replay of my previous video with Josh Blum from Mutual of Omaha where we talked all about reverse mortgage Links in this episode: Replay of the original video with Josh - here Facebook group - Retirement Planning Education (formerly Taxes in Retirement) YouTube channel - Retirement Planning Education (formerly Retirement Planning Demystified) Newsletter - Retirement Planni...

Summary of the 3.8% Net Investment Income Tax ("NIIT") and how it may impact your retirement planning Links in this episode: IRS Form 8960 - here Facebook group - Retirement Planning Education (formerly Taxes in Retirement) YouTube channel - Retirement Planning Education (formerly Retirement Planning Demystified) Newsletter - Retirement Planning Insights My recent webinar - How to Review...