Retirement Planning Education, with Andy Panko

Latest Episodes:

#133 – Retirement planner chat, with Eric Niergarth from Retirement Roadmap Financial Planning Jan 09, 2025

Show notes

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

#132 - Why the value in financial advisory services can't actually be measured Jan 02, 2025

Show notes

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

#131 - Q&A edition...mutual funds vs ETFs, traditional vs rollover IRAs, how much umbrella insurance to get and MORE! Dec 26, 2024

Show notes

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

#130 – Retirement planning chat with a "real" person, Peter Townsend Dec 19, 2024

Show notes

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

#129 – Retirement planner chat, with Andrew Gray from Gray Wealth Strategies Dec 12, 2024

Show notes

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

#128 - How to decide whether to own or rent your home in retirement Dec 05, 2024

Show notes

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

#127 - Q&A edition...concentration in the S&P 500, direct indexing, how to transfer accounts from one broker to another and MORE! Nov 28, 2024

Show notes

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

#126 – Retirement planning chat with a "real" person, Jane Nov 21, 2024

Show notes

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

#125 – Retirement planner chat, with Jamie Lima from Woodson Wealth Management Nov 14, 2024

Show notes

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

#124 - The basics of taxes and tax planning in retirement Nov 07, 2024

Show notes

Andy talks about the basics of what to know regarding taxes and tax planning in retirement. Topics discussed include:

What sources of income are taxable vs non-taxable
Required Minimum Distributions ("RMDs") from both your own accounts and inherited accounts
How to pay taxes in retirement: withholdings vs making estimated payments
Gifting tax-efficiently
Making charitable donations tax-efficiently
Overview of common long-term tax planning strategies:
- Delaying Social Security and distributing from pre-tax accounts in the interim
- Roth conversions
- Tax loss and tax gain harvesting
- Asset "location" of which investments to hold in which account types

To send Andy questions to be addressed on future Q&A episodes, email andy@andypanko.com

Links in this episode: