Player FM - Internet Radio Done Right
34 subscribers
Checked 4d ago
Ditambah three tahun yang lalu
Kandungan disediakan oleh Andy Panko. Semua kandungan podcast termasuk episod, grafik dan perihalan podcast dimuat naik dan disediakan terus oleh Andy Panko atau rakan kongsi platform podcast mereka. Jika anda percaya seseorang menggunakan karya berhak cipta anda tanpa kebenaran anda, anda boleh mengikuti proses yang digariskan di sini https://ms.player.fm/legal.
Player FM - Aplikasi Podcast
Pergi ke luar talian dengan aplikasi Player FM !
Pergi ke luar talian dengan aplikasi Player FM !
#118 - Q&A edition...Itemized sales tax deductions, pension vs lump sum, surviving spouse tax increases and MORE!
Manage episode 441912832 series 3305727
Kandungan disediakan oleh Andy Panko. Semua kandungan podcast termasuk episod, grafik dan perihalan podcast dimuat naik dan disediakan terus oleh Andy Panko atau rakan kongsi platform podcast mereka. Jika anda percaya seseorang menggunakan karya berhak cipta anda tanpa kebenaran anda, anda boleh mengikuti proses yang digariskan di sini https://ms.player.fm/legal.
Listener Q&A where Andy talks about:
- Itemizing sales taxes on Schedule A of your tax return, particularly when living in two states during the year ( 6:30 )
- Considerations when deciding between taking a pension or its lump sum ( 11:51 )
- Should a recently widowed person take advantage of their last year of Married Filing Joint tax brackets and do a large Roth conversion or IRA distribution ( 25:03 )
- Understanding the pro rata rule when doing a Roth conversion when you have multiple IRAs and a 401(k) ( 31:40 )
- How the IRS knows if you didn't take Required Minimum Distributions ("RMDs") when you were supposed to ( 37:02 )
- How to ensure your Treasury interest received (including when received indirectly through a money market mutual fund) is properly reported as tax-free on your state tax return ( 41:36 )
To send Andy questions to be addressed on future Q&A episodes, email andy@andypanko.com
Links in this episode:
- My company newsletter - Retirement Planning Insights
- Facebook group - Retirement Planning Education (formerly Taxes in Retirement)
- YouTube channel - Retirement Planning Education (formerly Retirement Planning Demystified)
- Retirement Planning Education website - www.RetirementPlanningEducation.com
142 episod
Manage episode 441912832 series 3305727
Kandungan disediakan oleh Andy Panko. Semua kandungan podcast termasuk episod, grafik dan perihalan podcast dimuat naik dan disediakan terus oleh Andy Panko atau rakan kongsi platform podcast mereka. Jika anda percaya seseorang menggunakan karya berhak cipta anda tanpa kebenaran anda, anda boleh mengikuti proses yang digariskan di sini https://ms.player.fm/legal.
Listener Q&A where Andy talks about:
- Itemizing sales taxes on Schedule A of your tax return, particularly when living in two states during the year ( 6:30 )
- Considerations when deciding between taking a pension or its lump sum ( 11:51 )
- Should a recently widowed person take advantage of their last year of Married Filing Joint tax brackets and do a large Roth conversion or IRA distribution ( 25:03 )
- Understanding the pro rata rule when doing a Roth conversion when you have multiple IRAs and a 401(k) ( 31:40 )
- How the IRS knows if you didn't take Required Minimum Distributions ("RMDs") when you were supposed to ( 37:02 )
- How to ensure your Treasury interest received (including when received indirectly through a money market mutual fund) is properly reported as tax-free on your state tax return ( 41:36 )
To send Andy questions to be addressed on future Q&A episodes, email andy@andypanko.com
Links in this episode:
- My company newsletter - Retirement Planning Insights
- Facebook group - Retirement Planning Education (formerly Taxes in Retirement)
- YouTube channel - Retirement Planning Education (formerly Retirement Planning Demystified)
- Retirement Planning Education website - www.RetirementPlanningEducation.com
142 episod
Semua episod
×R
Retirement Planning Education, with Andy Panko

1 #139 – Retirement planning chat with a "real" person, John McLaurin 58:14
58:14
Main Kemudian
Main Kemudian
Senarai
Suka
Disukai58:14
Andy chats with a real person (not an advisor) doing their own retirement planning. In this episode, Andy talks with John McLaurin. They talk about a wide array of retirement planning topics such as planning for special needs and the "generational" planning involved, investing, Social Security, when they got serious about retirement planning, and more! Links in this episode: The book John mentioned - The Special Needs Planning Guide: How to Prepare for Every Stage of Your Child's Life Tenon Financial monthly e-newsletter - Retirement Planning Insights Facebook group - Retirement Planning Education (formerly Taxes in Retirement) YouTube channel - Retirement Planning Education (formerly Retirement Planning Demystified) Retirement Planning Education website - www.RetirementPlanningEducation.com To send Andy questions to be addressed on future Q&A episodes, email andy@andypanko.com…
R
Retirement Planning Education, with Andy Panko

1 #138 – Retirement planner chat, with Liz Yoder from Dependent Financial Planning 1:12:46
1:12:46
Main Kemudian
Main Kemudian
Senarai
Suka
Disukai1:12:46
Andy chats with fellow retirement planner Liz Yoder, CFP®, ChSNC® from Dependent Financial Planning. In this episode they talk about a wide array of retirement planning topics with a particular emphasis on special needs planning and the unique considerations and areas to consider when you or your child has or is likely to have a disability Links in this episode: Liz's advisory company website - Dependent Financial Planning Liz's LinkedIn profile - Elizabeth (Wolleben) Yoder To send Andy questions to be addressed on future Q&A episodes, email andy@andypanko.com Tenon Financial monthly e-newsletter - Retirement Planning Insights Facebook group - Retirement Planning Education (formerly Taxes in Retirement) YouTube channel - Retirement Planning Education (formerly Retirement Planning Demystified) Retirement Planning Education website - www.RetirementPlanningEducation.com…
R
Retirement Planning Education, with Andy Panko

1 #137 - 7 scenarios where it might be beneficial to do Roth conversions 53:08
53:08
Main Kemudian
Main Kemudian
Senarai
Suka
Disukai53:08
Andy discussed seven common scenarios where it might be beneficial to do Roth conversions: You know your income now is much lower than it will be in the future You're married (and may eventually be single) You have large pre-tax accounts Your eventual heirs are likely to be in higher tax situations than you currently are Your plan on moving to a state that will have higher income taxes than your current state You're convinced tax rates will increase markedly in the future You want greater tax "diversity" amongst your investable accounts Links in this episode: Tenon Financial newsletter summarizing the 7 potential Roth conversion scenarios - here Tenon Financial monthly e-newsletter - Retirement Planning Insights Facebook group - Retirement Planning Education (formerly Taxes in Retirement) YouTube channel - Retirement Planning Education (formerly Retirement Planning Demystified) Retirement Planning Education website - www.RetirementPlanningEducation.com To send Andy questions to be addressed on future Q&A episodes, email andy@andypanko.com…
R
Retirement Planning Education, with Andy Panko

1 #136 - Guest host edition...Mike Powers walks through his retirement planning checklist 32:39
32:39
Main Kemudian
Main Kemudian
Senarai
Suka
Disukai32:39
Special guest host, Mike Powers, CPA, PFS, CFP®, from Manuka Financial sits behind the microphone to walk through his 22-point retirement planning checklist, which includes financial, insurance and lifestyle considerations. Links in this episode: Mike's blog post about the retirement planning checklist - here George Kinder's life planning three questions - here Mike's company's website - Manuka Financial Tenon Financial monthly e-newsletter - Retirement Planning Insights Facebook group - Retirement Planning Education (formerly Taxes in Retirement) YouTube channel - Retirement Planning Education (formerly Retirement Planning Demystified) Retirement Planning Education website - www.RetirementPlanningEducation.com To send Andy questions to be addressed on future Q&A episodes, email andy@andypanko.com…
R
Retirement Planning Education, with Andy Panko

1 #135 - Q&A edition...understanding financial advisor's titles, repeal of Social Security WEP & GPO, umbrella insurance and MORE! 57:18
57:18
Main Kemudian
Main Kemudian
Senarai
Suka
Disukai57:18
Listener Q&A where Andy talks about: What it means between an advisor who calls themself a financial planner vs wealth manager vs any other label they choose to use ( 10:24 ) My thoughts on the recently repealed Windfall Elimination Provision ("WEP") and Government Pension Offset ("GPO") parts of Social Security ( 20:35 ) A follow up to a previously discussed Q&A topic about how much umbrella insurance to purchase ( 31:18 ) How income is taxed to a recently deceased person vs their heirs or their estate ( 37:08 ) How best to gift money to grandchildren to get them started with saving and investing ( 42:10 ) Understanding a bond or bond fund's "duration" and how to use it measure the bond or bond fund's interest rate price change risk. And what it means to have a recommended "holding period" for a bond fund ( 46:45 ) To send Andy questions to be addressed on future Q&A episodes, email andy@andypanko.com My company newsletter - Retirement Planning Insights Facebook group - Retirement Planning Education (formerly Taxes in Retirement) YouTube channel - Retirement Planning Education (formerly Retirement Planning Demystified) Retirement Planning Education website - www.RetirementPlanningEducation.com…
R
Retirement Planning Education, with Andy Panko

1 #134 – Retirement planning chat with a "real" person, Brian Alexander 1:01:05
1:01:05
Main Kemudian
Main Kemudian
Senarai
Suka
Disukai1:01:05
Andy chats with a real person (not an advisor) doing their own retirement planning. In this episode, Andy talks with Brian Alexander. They talk about a wide array of retirement planning topics such as investing, Social Security, when they got serious about retirement planning, funding potential long term care needs and more! Links in this episode: Tenon Financial monthly e-newsletter - Retirement Planning Insights Facebook group - Retirement Planning Education (formerly Taxes in Retirement) YouTube channel - Retirement Planning Education (formerly Retirement Planning Demystified) Retirement Planning Education website - www.RetirementPlanningEducation.com To send Andy questions to be addressed on future Q&A episodes, email andy@andypanko.com…
R
Retirement Planning Education, with Andy Panko

1 #133 – Retirement planner chat, with Eric Niergarth from Retirement Roadmap Financial Planning 1:09:13
1:09:13
Main Kemudian
Main Kemudian
Senarai
Suka
Disukai1:09:13
Andy chats with fellow retirement planner Eric Niergarth, CFP®, RICP® from Retirement Roadmap 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 know when people have enough to retire, what consumers often overlook in retirement planning and much more! Links in this episode: Eric's advisory company website - Retirement Roadmap Financial Planning To send Andy questions to be addressed on future Q&A episodes, email andy@andypanko.com Tenon Financial monthly e-newsletter - Retirement Planning Insights Facebook group - Retirement Planning Education (formerly Taxes in Retirement) YouTube channel - Retirement Planning Education (formerly Retirement Planning Demystified) Retirement Planning Education website - www.RetirementPlanningEducation.com…
R
Retirement Planning Education, with Andy Panko

1 #132 - Why the value in financial advisory services can't actually be measured 57:11
57:11
Main Kemudian
Main Kemudian
Senarai
Suka
Disukai57:11
Andy explains how there is definitely value in good financial advisory services, but how it's impossible to quantify that value and is often disingenuous for advisors to claim they can, or for studies to try to put a number on it Links in this episode: Vanguard's research paper - Putting a value on your value: Quantifying Vanguard Advisor's Alpha My article - How Much are Your Services Worth? My article - Advisors Fees are Broken Tenon Financial monthly e-newsletter - Retirement Planning Insights Facebook group - Retirement Planning Education (formerly Taxes in Retirement) YouTube channel - Retirement Planning Education (formerly Retirement Planning Demystified) Retirement Planning Education website - www.RetirementPlanningEducation.com To send Andy questions to be addressed on future Q&A episodes, email andy@andypanko.com…
R
Retirement Planning Education, with Andy Panko

1 #131 - Q&A edition...mutual funds vs ETFs, traditional vs rollover IRAs, how much umbrella insurance to get and MORE! 56:44
56:44
Main Kemudian
Main Kemudian
Senarai
Suka
Disukai56:44
Listener Q&A where Andy talks about: What's the difference between index mutual funds and index ETFs, and why choose one over the other ( 6:32 ) Is a three-fund index fund portfolio reasonable for someone in the decumulation phase of life ( 17:04 ) What's the difference between a "rollover" and "traditional" IRA ( 20:54 ) How much of your net worth should you cover with umbrella insurance ( 24:32 ) What should someone do about a pre-tax employer plan they don't really need if they're only in their 60s and still a few years away from Required Minimum Distributions ( 33:17 ) What to consider when deciding whether to roll an old employer 403(b) into a new employer's 403(b) or to an IRA ( 36:30 ) What tax prep courses are there for individuals to learn about doing their own taxes ( 39:13 ) Discussion of "bullet" maturity bond funds/ETFs ( 42:30 ) To send Andy questions to be addressed on future Q&A episodes, email andy@andypanko.com My company newsletter - Retirement Planning Insights Facebook group - Retirement Planning Education (formerly Taxes in Retirement) YouTube channel - Retirement Planning Education (formerly Retirement Planning Demystified) Retirement Planning Education website - www.RetirementPlanningEducation.com…
R
Retirement Planning Education, with Andy Panko

1 #130 – Retirement planning chat with a "real" person, Peter Townsend 1:55:52
1:55:52
Main Kemudian
Main Kemudian
Senarai
Suka
Disukai1:55:52
Andy chats with a real person (not an advisor) doing their own retirement planning. In this episode, Andy talks with Peter Townsend. They talk about a wide array of retirement planning topics such as becoming self-educated in the details of retirement planning AFTER already retiring, Social Security, funding potential long term care needs and more! Links in this episode: Tenon Financial monthly e-newsletter - Retirement Planning Insights Facebook group - Retirement Planning Education (formerly Taxes in Retirement) YouTube channel - Retirement Planning Education (formerly Retirement Planning Demystified) Retirement Planning Education website - www.RetirementPlanningEducation.com To send Andy questions to be addressed on future Q&A episodes, email andy@andypanko.com…
R
Retirement Planning Education, with Andy Panko

1 #129 – Retirement planner chat, with Andrew Gray from Gray Wealth Strategies 1:34:52
1:34:52
Main Kemudian
Main Kemudian
Senarai
Suka
Disukai1:34:52
Andy chats with fellow retirement planner Andrew Gray, CFP® from Gray Wealth Strategies. 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 people have enough to retire, what consumers often overlook in retirement planning and much more! Links in this episode: Andrew's advisory company website - Gray Wealth Strategies To send Andy questions to be addressed on future Q&A episodes, email andy@andypanko.com Tenon Financial monthly e-newsletter - Retirement Planning Insights Facebook group - Retirement Planning Education (formerly Taxes in Retirement) YouTube channel - Retirement Planning Education (formerly Retirement Planning Demystified) Retirement Planning Education website - www.RetirementPlanningEducation.com…
R
Retirement Planning Education, with Andy Panko

1 #128 - How to decide whether to own or rent your home in retirement 43:26
43:26
Main Kemudian
Main Kemudian
Senarai
Suka
Disukai43:26
Andy discusses the things to take into consideration when trying to decide whether to own or rent a home in retirement Tenon Financial monthly e-newsletter - Retirement Planning Insights Facebook group - Retirement Planning Education (formerly Taxes in Retirement) YouTube channel - Retirement Planning Education (formerly Retirement Planning Demystified) Retirement Planning Education website - www.RetirementPlanningEducation.com To send Andy questions to be addressed on future Q&A episodes, email andy@andypanko.com…
R
Retirement Planning Education, with Andy Panko

1 #127 - Q&A edition...concentration in the S&P 500, direct indexing, how to transfer accounts from one broker to another and MORE! 53:38
53:38
Main Kemudian
Main Kemudian
Senarai
Suka
Disukai53:38
Listener Q&A where Andy talks about: What to do about the concentration of the top few names in the S&P 500 ( 5:10 ) What is direct indexing, when could it make sense and how to manage wash sales when direct indexing ( 13:21 ) Whether you need to have taxes withheld from annuities or any other sources of income ( 30:39 ) When it might make sense to buy an annuity for only a few years, such as five or 10 years ( 34:34 ) If your only income is Social Security and IRA withdrawals, what level of IRA withdrawal will lead to income high enough that you will need to start paying income-based surcharges on Medicare ( 37:47 ) How to transfer investment accounts from one broker/custodian to another ( 43:02 ) To send Andy questions to be addressed on future Q&A episodes, email andy@andypanko.com Links in this episode: The DinkyTown 1040 tax return calculator - here My company newsletter - Retirement Planning Insights Facebook group - Retirement Planning Education (formerly Taxes in Retirement) YouTube channel - Retirement Planning Education (formerly Retirement Planning Demystified) Retirement Planning Education website - www.RetirementPlanningEducation.com…
R
Retirement Planning Education, with Andy Panko

1 #126 – Retirement planning chat with a "real" person, Jane 1:12:00
1:12:00
Main Kemudian
Main Kemudian
Senarai
Suka
Disukai1:12:00
Andy chats with a real person (not an advisor) doing their own retirement planning. In this episode, Andy talks with Jane (anonymous name). They talk about a wide array of retirement planning topics such as dealing with the unexpected death of a spouse, self-educating on retirement and tax planning, doing a really large Roth conversion, Social Security survivor benefits, healthcare options in retirement and more! Links in this episode: The book Die With Zero - here The book The Psychology of Money - here The Bogleheads forum - here Tenon Financial monthly e-newsletter - Retirement Planning Insights Facebook group - Retirement Planning Education (formerly Taxes in Retirement) YouTube channel - Retirement Planning Education (formerly Retirement Planning Demystified) Retirement Planning Education website - www.RetirementPlanningEducation.com To send Andy questions to be addressed on future Q&A episodes, email andy@andypanko.com…
R
Retirement Planning Education, with Andy Panko

1 #125 – Retirement planner chat, with Jamie Lima from Woodson Wealth Management 1:33:01
1:33:01
Main Kemudian
Main Kemudian
Senarai
Suka
Disukai1:33:01
Andy chats with fellow retirement planner Jamie Lima, CFP®, CDFA from Woodson Wealth Management and Allegiant Divorce Solutions. 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 people have enough to retire, what consumers often overlook in retirement planning and much more! Also, Jamie interjects his experience and knowledge around divorce-related matters in the retirement and financial planning processes. Links in this episode: Jamie's advisory company website - Woodson Wealth Management Jamie's divorce planning company website - Allegiant Divorce Solution Jamie's podcast - Broke Up, Not Broke(n) FINRA's BrokerCheck - here To send Andy questions to be addressed on future Q&A episodes, email andy@andypanko.com Tenon Financial monthly e-newsletter - Retirement Planning Insights Facebook group - Retirement Planning Education (formerly Taxes in Retirement) YouTube channel - Retirement Planning Education (formerly Retirement Planning Demystified) Retirement Planning Education website - www.RetirementPlanningEducation.com…
Selamat datang ke Player FM
Player FM mengimbas laman-laman web bagi podcast berkualiti tinggi untuk anda nikmati sekarang. Ia merupakan aplikasi podcast terbaik dan berfungsi untuk Android, iPhone, dan web. Daftar untuk melaraskan langganan merentasi peranti.