Retirement Planning Education, with Andy Panko

Listener Q&A where Andy talks about:The differences between governmental and non-governmental (aka “tax-exempt”) 457(b) plansWhen Roth 401(k) conversions can be accessed without tax or penaltyWhether certain mutual fund sales and purchases will constitute a wash saleWhether it’s better to purchase 10-year US Treasury notes sooner or later if you assume the Federal Reserve will continue raising interest ratesHow to contribute the maximum HSA family contribution in 2023 if both spouses in a married couple will be at least 55 by the end of 2023Links in this episode:IRS summary of non-governmental 457(b) plans - hereFacebook group - Retirement Planning Education (formerly Taxes in Retirement)YouTube channel - Retirement Planning Education (formerly Retirement Planning Demystified)Newsletter - Retirement Planning Insights

Explanation of the basic structure of the U.S. Federal income tax systemLinks in this episode:YouTube video - Overview of Federal Income TaxationYouTube video - Estimated Taxes, Tax Withholdings and Underpayment PenaltiesFacebook group - Retirement Planning Education (formerly Taxes in Retirement)YouTube channel - Retirement Planning Education (formerly Retirement Planning Demystified)Newsletter - Retirement Planning Insights

Andy discusses what he's thankful for with regards to his career in retirement planning, and more broadly about retirement planning in generalLinks 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 planningLinks 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 appliedWhether RMDs can be delayed from a Solo 401(k) if still workingHow Social Security Survivor Benefits workIf you can still contribute to a 401(k) if you're still working beyond RMD ageWhat Tax Gain Harvesting is and how to use itLinks in this episode:YouTube video - How are Capital Gains TaxedFacebook group - Retirement Planning Education (formerly Taxes in Retirement)YouTube channel - Retirement Planning Education (formerly Retirement Planning Demystified)Newsletter - Retirement Planning Insights

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 - here2023 Medicare Part D catastrophic coverage out of pocket limit - hereBoomer Benefits website - www.boomerbenefits.comDanielle's book - 10 Co$tly Medicare Mistakes You Can't Afford to MakeBoomer Benefits Facebook group - Medicare Q & A with Boomer BenefitsBoomer Benefits YouTube channel - Boomer Benefits - Medicare ExpertFacebook group - Retirement Planning Education (formerly Taxes in Retirement)YouTube channel - Retirement Planning Education (formerly Retirement Planning Demystified)My Newsletter - Retirement Planning Insights

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 - here2023 Medicare Part D catastrophic coverage out of pocket limit - hereBoomer Benefits website - www.boomerbenefits.comDanielle's book - 10 Co$tly Medicare Mistakes You Can't Afford to MakeBoomer Benefits Facebook group - Medicare Q & A with Boomer BenefitsBoomer Benefits YouTube channel - Boomer Benefits - Medicare ExpertFacebook group - Retirement Planning Education (formerly Taxes in Retirement)YouTube channel - Retirement Planning Education (formerly Retirement Planning Demystified)My Newsletter - Retirement Planning Insights

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 - hereYouTube video - Calculating Your Social Security Primary Insurance AmountYouTube video - Introduction to Social SecurityYouTube video - When to Start Social SecurityFacebook 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 answers questions about:How the IRS knows if you satisfy RMDs on an inherited account if  you move the account between custodians during the yearThe deductibility of long-term care expenses as medical expensesTaxation of selling Restricted Stock Units (“RSUs”)Medicare premium surcharges while your Medicare benefits are suspendedHow to plan for the known knowns, the known unknowns and the unknown unknownsLinks 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

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 mortgagesLinks in this episode:Replay of the original video with Josh - hereFacebook group - Retirement Planning Education (formerly Taxes in Retirement)YouTube channel - Retirement Planning Education (formerly Retirement Planning Demystified)Newsletter - Retirement Planning Insights