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#171 - Q&A edition...how much you can spend in retirement, Roth IRA 5-year rule, RMDs, accounts for grandchildren and MORE!

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Manage episode 508339415 series 3305727
Content provided by Andy Panko. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Andy Panko or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

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 [email protected]

Links in this episode:

  continue reading

174 episodes

Artwork
iconShare
 
Manage episode 508339415 series 3305727
Content provided by Andy Panko. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Andy Panko or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

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 [email protected]

Links in this episode:

  continue reading

174 episodes

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