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

In this special edition "real" person chat, Andy talks with four different people who went through "gray" divorce (i.e. divorcing later in life; typically over the age of 50), to learn what they wish they would have known or done differently as they were going through the divorce process.

• 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

Andy chats with fellow retirement planner Mark Rosinski, CFP®, CPA from Dunes Financial. 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:

• Mark's advisory company website - Dunes Financial

• https://www.kitces.com/
• Wade Pfau - Retirement Planning Guidebook: https://www.amazon.com/Retirement-Planning-Guidebook-Navigating-Important/dp/194564009X
• Retirement & IRA Show: https://podcasts.apple.com/us/podcast/the-retirement-and-ira-show/id656868743
• All-In Podcast: https://podcasts.apple.com/us/podcast/all-in-with-chamath-jason-sacks-friedberg/id1502871393
• The Drive Podcast: https://podcasts.apple.com/us/podcast/the-peter-attia-drive/id1400828889
• The Retirement Nerds: https://www.youtube.com/@Theretirementnerds
• Car Dealership Guy: https://x.com/GuyDealership
• Colin Stroud: https://www.linkedin.com/in/gosomewhere/
  • His points service website: https://www.gosomewhere.world/
• Ramit Sethi MoneyDials: https://www.iwillteachyoutoberich.com/money-dials/

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

Andy discusses the ins and outs of mutual fund capital gain distributions, particularly in normal taxable brokerage accounts.

Links in this episode:

• Tenon Financial monthly e-newsletter - Retirement Planning Insights

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

• 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:

• Whether the rule of thumb saying in retirement you'll need about 80% of what you were making in wages is on a gross or net of taxes basis ( 6:49 )
• Understanding why some dividends are "qualified" and some are not, why they're taxed differently, and why dividends from bond funds aren't qualified ( 14:15 )
• Whether the decision to start Social Security sooner vs later would change if Social Security were to no longer be federally taxable ( 22:09 )
• Whether spouses can combine their 401(k) balances ( 27:03 )
• What a Form 5498 is, and if you need it to do your tax return, considering it often isn't available until after April 15th ( 30:27 )
• If you can still make a 2024 Roth IRA or traditional IRA contribution in early-2025 ( 31:40 )
• Whether you can make a contribution to a Roth IRA via transferring shares "in-kind" from a brokerage account ( 37:23 )

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 chats with a real person (not an advisor) doing their own retirement planning. In this episode, Andy talks with Jim Jones. They talk about a wide array of retirement planning topics such as transitioning from owning a dental practice into retirement, investing, Social Security, when they got serious about retirement planning, and more!

Links in this episode:

• Jim's podcast - The JimJam

• 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