Retirement Planning Education, with Andy Panko

Listener Q&A where Andy talks about:How the Social Security "Earnings Test" and "Family Maximum" are appliedWhether RMDs can be delayed from a Solo 401(k) if still workingHow Social Security Survivor Benefits workIf you can still contribute to a 401(k) if you're still working beyond RMD ageWhat Tax Gain Harvesting is and how to use itLinks in this episode:YouTube video - How are Capital Gains TaxedFacebook group - Retirement Planning Education (formerly Taxes in Retirement)YouTube channel - Retirement Planning Education (formerly Retirement Planning Demystified)Newsletter - Retirement Planning Insights

Part 2 of 2 of my discussion with Danielle Roberts, founder of Boomer Benefits, to talk about all things Medicare (original recording was from October 2020)Links in this episode:2023 Medicare Parts A & B premiums and deductibles, as well as Medicare surcharge (aka "IRMAA") income levels and surcharge amounts - here2023 Medicare Part D catastrophic coverage out of pocket limit - hereBoomer Benefits website - www.boomerbenefits.comDanielle's book - 10 Co$tly Medicare Mistakes You Can't Afford to MakeBoomer Benefits Facebook group - Medicare Q & A with Boomer BenefitsBoomer Benefits YouTube channel - Boomer Benefits - Medicare ExpertFacebook group - Retirement Planning Education (formerly Taxes in Retirement)YouTube channel - Retirement Planning Education (formerly Retirement Planning Demystified)My Newsletter - Retirement Planning Insights

Part 1 of 2 of my discussion with Danielle Roberts, founder of Boomer Benefits, to talk about all things Medicare (original recording was from October 2020)Links in this episode:2023 Medicare Parts A & B premiums and deductibles, as well as Medicare surcharge (aka "IRMAA") income levels and surcharge amounts - here2023 Medicare Part D catastrophic coverage out of pocket limit - hereBoomer Benefits website - www.boomerbenefits.comDanielle's book - 10 Co$tly Medicare Mistakes You Can't Afford to MakeBoomer Benefits Facebook group - Medicare Q & A with Boomer BenefitsBoomer Benefits YouTube channel - Boomer Benefits - Medicare ExpertFacebook group - Retirement Planning Education (formerly Taxes in Retirement)YouTube channel - Retirement Planning Education (formerly Retirement Planning Demystified)My Newsletter - Retirement Planning Insights

Summary of Social Security Cost of Living Adjustments (or "COLAs") and whether the recently announced 2023 COLA of 8.7% will apply to you (spoiler alert...it doesn't apply to everyone!)Links in this episode:Monthly Consumer Price Index ("CPI") values from the Bureau of Labor Statistics - hereYouTube video - Calculating Your Social Security Primary Insurance AmountYouTube video - Introduction to Social SecurityYouTube video - When to Start Social SecurityFacebook group - Retirement Planning Education (formerly Taxes in Retirement)YouTube channel - Retirement Planning Education (formerly Retirement Planning Demystified)Newsletter - Retirement Planning Insights

Listener Q&A where Andy answers questions about:How the IRS knows if you satisfy RMDs on an inherited account if  you move the account between custodians during the yearThe deductibility of long-term care expenses as medical expensesTaxation of selling Restricted Stock Units (“RSUs”)Medicare premium surcharges while your Medicare benefits are suspendedHow to plan for the known knowns, the known unknowns and the unknown unknownsLinks in this episode:Facebook group - Retirement Planning Education (formerly Taxes in Retirement)YouTube channel - Retirement Planning Education (formerly Retirement Planning Demystified)Newsletter - Retirement Planning Insights

Part 2 of 2 of the audio replay of my previous video with Josh Blum from Mutual of Omaha where we talked all about reverse mortgagesLinks in this episode:Replay of the original video with Josh - hereFacebook group - Retirement Planning Education (formerly Taxes in Retirement)YouTube channel - Retirement Planning Education (formerly Retirement Planning Demystified)Newsletter - Retirement Planning Insights

Part 1 of 2 of the audio replay of my previous video with Josh Blum from Mutual of Omaha where we talked all about reverse mortgageLinks in this episode:Replay of the original video with Josh - hereFacebook group - Retirement Planning Education (formerly Taxes in Retirement)YouTube channel - Retirement Planning Education (formerly Retirement Planning Demystified)Newsletter - Retirement Planning Insights

Summary of the 3.8% Net Investment Income Tax ("NIIT") and how it may impact your retirement planningLinks in this episode:IRS Form 8960 - hereFacebook group - Retirement Planning Education (formerly Taxes in Retirement)YouTube channel - Retirement Planning Education (formerly Retirement Planning Demystified)Newsletter - Retirement Planning InsightsMy recent webinar - How to Review a Tax Return (as a Retirement Planner)My YouTube video - What is Net Investment Income Tax

Listener Q&A where Andy answers questions about:How to calculate the increase to Social Security for delaying the start of benefits, or the decrease for starting benefits earlyWhat to consider with regards to when to start receiving a pensionWhat Required Minimum Distributions ("RMDs") are necessary when inheriting an IRA from someone who inherited it from its original ownerHow bullet ETFs are taxedTaking just spousal benefits while letting your own Social Security benefit growThe options available to safely save cash for a few yearsLinks in this episode:Facebook group - Retirement Planning Education (formerly Taxes in Retirement)YouTube channel - Retirement Planning Education (formerly Retirement Planning Demystified)Newsletter - Retirement Planning Insights

Summary of the options for health insurance if you no longer have employer-sponsored health insurance and aren't yet 65 and therefore can't yet sign up for MedicareLinks in this episode:Facebook group - Retirement Planning Education (formerly Taxes in Retirement)YouTube channel - Retirement Planning Education (formerly Retirement Planning Demystified)Newsletter - Retirement Planning Insights