Listener Q&A where Andy talks about:
- How to calculate how much money you can gift or donate in retirement without running out ( 8:47 )
- Does the five-year rule met by a previous Roth IRA carry over to a new Roth IRA ( 17:03 )
- Is it better to draw down an inherited IRA and delay starting Social Security, or vice versa ( 19:39 )
- Can distributions from an annuity in a 403(b) be used to meet Required Minimum Distributions in IRAs ( 23:37 )
- How to get cash flow or income from illiquid assets - such as real estate investments - when more income is needed than what's otherwise produced by the asset ( 31:21 )
- What are the drawbacks of investing in a total world stock market fund or total world bond market fund vs instead using multiple funds for stock and bond exposure ( 37:14 )
- If concerned about leaving money to an heir who may not be responsible for receiving a large inheritance, is it possible to pre-arrange for the purchase of an annuity upon death so the heir gets annuity income instead ( 44:48 )
- Should target date funds be used in conjunction with other funds, or just used by themselves ( 48:24 )
- When in an assisted living facility, how much of the facility's fees are deductible as medical expenses ( 53:50 )
- What's the best way to save money for a grandchild: 529 account, Uniform Transfer to Minors account or an account in your own name (with the grandchild named as beneficiary) ( 57:29 )
Link to Tax Planning to and Through Early Retirement
To send Andy questions to be addressed on future Q&A episodes, email andy@andypanko.com
Links in this episode:
- 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
Popular Podcasts
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.
Dateline NBC
Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations. Follow now to get the latest episodes of Dateline NBC completely free, or subscribe to Dateline Premium for ad-free listening and exclusive bonus content: DatelinePremium.com
Are You A Charlotte?
In 1997, actress Kristin Davis’ life was forever changed when she took on the role of Charlotte York in Sex and the City. As we watched Carrie, Samantha, Miranda and Charlotte navigate relationships in NYC, the show helped push once unacceptable conversation topics out of the shadows and altered the narrative around women and sex. We all saw ourselves in them as they searched for fulfillment in life, sex and friendships. Now, Kristin Davis wants to connect with you, the fans, and share untold stories and all the behind the scenes. Together, with Kristin and special guests, what will begin with Sex and the City will evolve into talks about themes that are still so relevant today. "Are you a Charlotte?" is much more than just rewatching this beloved show, it brings the past and the present together as we talk with heart, humor and of course some optimism.