Retirement Planning Education, with Andy Panko #177 - 2025 year-end tax planning tips and items to consider
Nov 6, 2025
Explore key year-end tax planning strategies, including deadlines for contributions to qualified accounts and the importance of timely Roth conversions. Discover how Required Minimum Distributions work and the implications of new inherited IRA rules. Learn about the benefits of Qualified Charitable Distributions for tax efficiency, alongside gifting rules for 2025. Plus, get insights into tax loss and gain harvesting techniques to optimize your tax position this year!
AI Snips
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Episode notes
Dad-Joke License Plate Moment
- Andy spotted a car with the vanity plate 'DADJOKE' and joked about wanting that plate himself.
- He used the sighting to segue into light-hearted dad jokes on the episode.
Authorized-User Cards Help Teens' Credit
- Andy added his children as authorized users on a Capital One card and saw immediate credit benefits for his daughter.
- His daughter had a 749 credit score shortly after turning 18 from the authorized-user history.
Boost Employer Plan Contributions Now
- If you want to change 401(k)/403(b)/TSP contributions for 2025, update payroll deferrals before December 31, 2025.
- Act now because late-year pay cycles may prevent reaching your target contribution amount.