Andy and Brian Tegtmeyer share their thoughts on a handful of current events and "hot topics" relating to retirement planning. Specifically, they talk about:

• Should someone delay their planned retirement if the markets are bad ( 6:50 )
• Should someone cancel or delay taking a big trip in retirement if the markets are bad ( 13:48 )
• Should someone start Social Security earlier than they were otherwise planning to since there appears to be increased uncertainty about the future strength of the system ( 18:22 )
• Do people need to make estimated tax payments in retirement ( 26:44 )
• If someone has never worked with an advisor and has always DIY'd their own planning, should they continue to DIY it in retirement ( 32:49 )
• Are inheritances taxable, and what should people do with them ( 41:58 )
• Tax smart ways to do charitable giving in retirement ( 54:01 )
• Do gift givers or receivers of gifts have to pay tax on gifts ( 57:49 )

Links in this episode:

• Brian's firm - Truly Prosper Financial Planning
• Sara Grillo's list of flat fee advisors - here
• Advisors in the Advice Only Network - here

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

Andy provides some tips and best practices to help keep your ID and financial information secure. Specifically:

• Check your credit report regularly
• Freeze your credit
• Get a tax return filing PIN from the IRS
• Use strong and unique passwords for all websites and online accounts
• Use a password manager
• Use two-factor (if not multi-factor) authentication wherever possible
• Use a VPN (Virtual Private Network) whenever on public Wi-Fi
• Use separate e-mails for different types of accounts
• Put a "Self-Lock" on your SSN within the E-Verify system
• Lock your SIM card with your cellular provider
• Be cognizant of phishing and vishing scams
• Be mindful of protection physical information and items

Links in this episode:

• Transunion credit freeze - here
• Experian credit freeze - here
• Equifax credit freeze - here
• www.MyFICO.com
• www.CheckFreeScore.com
• IRS PIN info - here
• E-Verify Self-Lock info - here
• FTC article about how to spot phishing - here
• AARP article about how to spot vishing - 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

Listener Q&A where Andy talks about:

• Buffer ETFs and whether they can be used as replacements for CDs in building a ladder for upcoming years' expenses ( 4:29 )
• His thoughts on direct indexing and whether it's worth doing to try to make non-qualified accounts for tax-efficient ( 14:11 )
• Whether or not it's practical to implement a bucketing strategy ( 23:38 )
• Considerations to put into a will when there is a beneficiary who may be contentious or difficult to deal with ( 34:18 )
• Estate size exemptions and considerations for spouses splitting up accounts ( 42:55 )
• Annualizing income on Form 2210 when making estimated payments and income earned or recognized is lumpy or uneven throughout the year ( 48:37 )
• The "Kiddie Tax" and when it applies ( 54:27 )

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