Retirement Planning Education, with Andy Panko
Andy Panko
Teaching you all about IRAs & Roth IRAs, employer retirement plans, taxes, Social Security, Medicare, portfolio withdrawal strategies, annuities, estate planning and much more!
Episodes
Mentioned books
Apr 27, 2023 • 32min
#072 - The benefit of "step up in basis"
Explanation of "step up in basis" and how it can make unrealized taxable gains magically disappear when leaving property to heirsLinks in this episode:Boomer Benefits Facebook group page - https://www.facebook.com/groups/508122746351903Facebook group - Retirement Planning Education (formerly Taxes in Retirement)YouTube channel - Retirement Planning Education (formerly Retirement Planning Demystified)Retirement Planning Education website - www.RetirementPlanningEducation.com
Apr 20, 2023 • 35min
#071 - Understanding the $250k or $500k gain exclusion on selling your primary residence
Summary of the "Section 121" exclusion of up to $500k of gain on selling your primary residenceLinks in this episode:Boomer Benefits website - https://www.BoomerBenefits.comIRS Publication 523 - hereMy podcast about the Net Investment Income Tax - hereFacebook group - Retirement Planning Education (formerly Taxes in Retirement)YouTube channel - Retirement Planning Education (formerly Retirement Planning Demystified)Retirement Planning Education website - www.RetirementPlanningEducation.com
Apr 13, 2023 • 33min
#070 - Q&A edition...dividend reinvestment, gifting stocks, Social Security survivor benefits and MORE!
Listener Q&A where Andy talks about: Whether or not to reinvest dividends when in retirementCapital gain exclusion when selling a primary residence, and the "step up in basis" when leaving a primary residence to heirs How the Social Security "earnings test" impacts benefits when under Full Retirement Age and still workingHow to amend a tax returnConsiderations when gifting stock that has appreciated in valueLinks in this episode:Boomer Benefits Facebook group page - https://www.facebook.com/groups/508122746351903My podcast episode about the 4% Rule - hereFacebook group - Retirement Planning Education (formerly Taxes in Retirement)YouTube channel - Retirement Planning Education (formerly Retirement Planning Demystified)Retirement Planning Education website - www.RetirementPlanningEducation.com
Apr 6, 2023 • 32min
#069 - Highlights of the 2023 Social Security Trustees Report
Summary of the key takeaways from the 2023 Social Security Trustees ReportLinks in this episode:Boomer Benefits website - https://www.BoomerBenefits.comSSA press release about the 2023 Trustees report, with link to the full report - https://www.ssa.gov/news/press/releases/2023/#3-2023-3Facebook group - Retirement Planning Education (formerly Taxes in Retirement)YouTube channel - Retirement Planning Education (formerly Retirement Planning Demystified)Retirement Planning Education website - www.RetirementPlanningEducation.com
Mar 30, 2023 • 28min
#068 - What happens to my investments if my broker goes under?
Explanation of what happens to investments when a broker fails, and why that is a very different (and generally better) scenario for clients than a bank failingLinks in this episode:Boomer Benefits Facebook group page - https://www.facebook.com/groups/508122746351903Schwab's CEO, Walt Bettinger, on CNBC - https://www.aboutschwab.com/walt-bettinger-on-financial-stabilityCharles Schwab and Walt Bettinger's industry perspective - https://www.aboutschwab.com/updated-our-most-recent-perspective-on-industry-eventsRob Berger's YouTube video about brokerage failures - https://youtu.be/wz64z1YuL0AFacebook group - Retirement Planning Education (formerly Taxes in Retirement)YouTube channel - Retirement Planning Education (formerly Retirement Planning Demystified)Retirement Planning Education website - www.RetirementPlanningEducation.com
Mar 23, 2023 • 42min
#067 - Why are banks failing and should we be concerned about more failures?
Discussion of the basics of the U.S.'s monetary and banking systems, and why there have recently been multiple bank failures. And, should we be concerned about the broader banking system and more failures going forward?Links in this episode:Boomer Benefits website - https://www.BoomerBenefits.comFDIC Electronic Deposit Insurance Estimator ("EDIE") calculator - https://edie.fdic.gov/calculator.htmlFacebook group - Retirement Planning Education (formerly Taxes in Retirement)YouTube channel - Retirement Planning Education (formerly Retirement Planning Demystified)Retirement Planning Education website - www.RetirementPlanningEducation.com
Mar 16, 2023 • 41min
#066 - Common tax forms retirees get at tax return time
Summary of the various tax forms retirees are likely to receive at tax return time. Discusses 1099s, 5498's, 1095's and more!Links in this episode:Boomer Benefits Facebook group - https://www.facebook.com/groups/BoomerBenefitsFacebook group - Retirement Planning Education (formerly Taxes in Retirement)YouTube channel - Retirement Planning Education (formerly Retirement Planning Demystified)Retirement Planning Education website - www.RetirementPlanningEducation.com
Mar 9, 2023 • 36min
#065 - 7 Social Security myths, with Devin Carroll (Part 2 of 2)
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/@DevinCarrollDevin's blog - https://www.socialsecurityintelligence.com/Devin's Facebook group - https://www.facebook.com/groups/428684237572614Devin's book - The Hero's PenaltyDevin's book - Social Security BasicsFacebook group - Retirement Planning Education (formerly Taxes in Retirement)YouTube channel - Retirement Planning Education (formerly Retirement Planning Demystified)Retirement Planning Education website - www.RetirementPlanningEducation.com
Mar 2, 2023 • 40min
#064 - 7 Social Security myths, with Devin Carroll (Part 1 of 2)
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/@DevinCarrollDevin's blog - https://www.socialsecurityintelligence.com/Devin's Facebook group - https://www.facebook.com/groups/428684237572614Devin's book - The Hero's PenaltyDevin's book - Social Security BasicsFacebook group - Retirement Planning Education (formerly Taxes in Retirement)YouTube channel - Retirement Planning Education (formerly Retirement Planning Demystified)Retirement Planning Education website - www.RetirementPlanningEducation.com
Feb 23, 2023 • 47min
#063 - Q&A edition...401(k)s & Highly Compensated Employees, interest rates & Social Security, inherited 401(k) distributions and MORE!
Listener Q&A where Andy talks about: When Highly Compensated Employees may need to retroactively have some of their 401(k) contributions removedHow 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 retirement date mutual funds His thoughts on a career changer entering the retirement and tax planning fieldLinks in this episode:My YouTube video - Calculating your Social Security Primary Insurance AmountFacebook group - Retirement Planning Education (formerly Taxes in Retirement)YouTube channel - Retirement Planning Education (formerly Retirement Planning Demystified)Retirement Planning Education website - www.RetirementPlanningEducation.com
