Retirement Planning Education, with Andy Panko

View Top 200 Chart

Back to Rankings Page

Education
**Retirement Planning Education, with 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!

Latest Episodes:

#123 - My thoughts on 12 common financial and retirement planning rules of thumb Oct 31, 2024

Show notes

Special edition episode in which Andy shares his views on whether the below 12 rules of thumb are accurate or not:

You should always contribute at least enough to your employer plan (like a 401(k)) to get the full employer match
You shouldn't help your kids pay for college if it means shorting your own financial security in retirement
You need at least $X million (where $X can be whatever amount someone wants to say) of savings to retire
In retirement, expect to need 80% of whatever your pre-retirement income was each year
The 4% "rule" is a good tool for determining how much of a portfolio someone can distribution each year in retirement
Your target stock allocation percentage should be 100 minus your age
You should pay off your mortgage before retiring
The rule of 72 is a good tool to tell how long it will take to double your investment
You should have an emergency fund of cash equal to three to six months of expenses
Permanent life insurance should be avoided; only use term life insurance
The owner of a large investment advisory firm says, "I hate annuities and you should too"
That same person also says of his firm, "we do better when you do better"

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

Links in this episode:

My podcast about the 4% "rule" - 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

#122 - Q&A edition...tracking Roth IRA contributions, what to do with leftover RMD money, using total bond market funds and MORE! Oct 24, 2024

Show notes

Listener Q&A where Andy talks about:

How to keep track of Roth IRA contributions ( 6:45 )
Considering getting employer-sponsored health insurance to supplement Medicare ( 12:15 )
What to do with money from an RMD that you don't actually need ( 16:48 )
Understanding the capital gain exclusion on selling your primary residence ( 19:58 )
How to determine how much you can rent out a rental property for, and how to screen for tenants ( 23:42 )
How to distribute from a portfolio that includes total bond market funds as its fixed income allocation ( 28:10 )
Rolling over up to $35k of unused 529 funds into a Roth IRA ( 34:28 )

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

Links in this episode:

The Boomer Benefits Facebook group - here
My podcast about the primary residence sale capital gain exclusion - here
TransUnion SmartMove website - 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

#121 – Retirement planning chat with a "real" person, Doug Mann Oct 17, 2024

Show notes

Andy chats with a real person (not an advisor) doing their own retirement planning. In this episode, Andy talks with Doug Mann. They talk about a wide array of retirement planning topics such as retiring and living abroad in Thailand and the unique planning considerations involved with being abroad full-time
Links in this episode:

Doug's travel/photography website - www.photomann.com
The Rock Retirement Club - here
RetirePlan website - here
Doug's episode on Roger Whitney's Retirement Answer Man podcast - 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

#120 – Retirement planner chat, with Erik Barnes from Retirement Portfolio Partners Oct 10, 2024

Show notes

Andy chats with fellow retirement planner Erik Barnes, CFP® from Retirement Portfolio Partners. 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:

Erik's company website - Retirement Portfolio Partners
The Rock Retirement Club - 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

#119 - Andy's appearance on Rob Berger's YouTube channel, talking about taxes in retirement Oct 03, 2024

Show notes

Andy appeared as a guest/co-host on the September 23, 2024 episode of Rob Berger's YouTube live stream video series. In it, they discussed taxes and tax planning in retirement, as well as a host of other questions such as account rebalancing, Roth conversion analysis, and more! There was also plenty of live Q&A from Rob's loyal followers/watchers.
For those who don't already know, Rob Berger has one of the best YouTube channels out there for straight-shooting, educational and informative content about retirement planning and investing. You can find a link to the channel and this specific episode below.

Links in this episode:

Rob's YouTube channel - here
My YouTube episode with Rob - 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

#118 - Q&A edition...Itemized sales tax deductions, pension vs lump sum, surviving spouse tax increases and MORE! Sep 26, 2024

Show notes

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:

IRS sales tax deduction calculator - here
Rob Berger's YouTube channel - 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

#117 – Retirement planning chat with a "real" person, Alison Sep 19, 2024

Show notes

Andy chats with a real person (not an advisor) doing their own retirement planning. In this episode, Andy talks with Alison (last name not disclosed). They talk about a wide array of retirement planning topics such as the unique planning considerations of having a spouse who's nearly 10 years younger and how an unexpected major medical condition a few years ago resulted in her being on long term disability, presumably through when she starts Social Security. They also talk about about what she wishes she would have known earlier and a variety of financial topics such as Social Security, how they got a late start in getting serious about saving for retirement 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

#116 – Retirement planner chat, with Roger Whitney from the Retirement Answer Man podcast Sep 12, 2024

Show notes

Andy chats with fellow retirement planner Roger Whitney, CFP®, CIMA®, CPWA® from The Retirement Answer Man podcast. In this episode they talk about a wide array of retirement planning topics such as tax planning, investing, annuities, how to help advise people get over the hurdle of not wanting to spend their money, what consumers often overlook in retirement planning and much more!
Links in this episode:

Roger's website - The Retirement Answer Man
Bronnie Ware's book - The Top Five Regrets of the Dying
Roger's workbook of info and questions about - Finding a Trusted Advisor

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

#115 - How to give to charities tax-efficiently Sep 05, 2024

Show notes

Andy summarizes the tax-related concepts to know when giving to charities, and summarizes a few ways in which to make your charitable donations as tax-efficient for you as possible

Links in this episode:

IRS Publication 526 - here
My YouTube video - How to Give to Charities Tax Efficiently
My YouTube video - Overview of Federal Income Taxation

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

#114 – Retirement planner chat, with me...Andy Panko from Tenon Financial Aug 29, 2024

Show notes

We're switching things up a bit! In this week's episode, guest host Mike Powers (from Manuka Financial; was a previous guest on the podcast) chats with the show's host, Andy Panko from Tenon Financial.
In the episode, they talk about a wide array of retirement planning topics and Andy's view and approach toward them, such as tax planning, distribution strategies, investing, annuities, long-term care insurance, how to help advise people who are spending more than planned, what consumers often overlook in retirement planning and much more!
Links in this episode: