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
Retirement Planning Education, with Andy Panko