Andy Panko - Podcast Details

Shows

Only Fee-Only#127 - This Wasn’t the Plan: Andy Panko on Intentional Growth and True FreedomWhat happens when your lifestyle practice takes off faster than you ever expected?Andy Panko, founder of Tenon Financial, didn’t set out to build a firm. After leaving the corporate finance world in 2019, his goal was simple: work with 50 clients, enjoy flexibility, and ease into retirement on his own terms.But within two years, he was at capacity—and suddenly facing a new question: Now what?In this episode, Andy shares how he navigated that inflection point and grew Tenon Financial without sacrificing the lifestyle he set out to protect. Rath...2025-05-1432 min

Retirement Planning Education, with Andy Panko#150 - "Hot topics" edition...Andy and Brian Tegtmeyer talk about retiring in a down market, concerns about Social Security, making estimated tax payments and MORE!Andy and Brian Tegtmeyer share their thoughts on a handful of current events and "hot topics" relating to retirement planning. Specifically, they talk about: Should someone delay their planned retirement if the markets are bad ( 6:50 )Should someone cancel or delay taking a big trip in retirement if the markets are bad ( 13:48 )Should someone start Social Security earlier than they were otherwise planning to since there appears to be increased uncertainty about the future strength of the system ( 18:22 )Do people need to make estimated tax payments in retirement ( 26:44 )If someone has never worked with an advisor and has always D...2025-05-081h 03

Retirement Planning Education, with Andy Panko#149 - Tips and best practices to protect your ID and financial informationAndy provides some tips and best practices to help keep your ID and financial information secure. Specifically:Check your credit report regularlyFreeze your creditGet a tax return filing PIN from the IRSUse strong and unique passwords for all websites and online accountsUse a password managerUse two-factor (if not multi-factor) authentication wherever possibleUse a VPN (Virtual Private Network) whenever on public Wi-FiUse separate e-mails for different types of accountsPut a "Self-Lock" on your SSN within the E-Verify systemLock your SIM card with your cellular providerBe cognizant of phishing and vishing scamsBe mindful of protection physical information and items 2025-05-0157 min

Retirement Planning Education, with Andy Panko#148 - Q&A edition...buffer ETFs, direct indexing, bucketing strategies, kiddie tax and MORE!Listener Q&A where Andy talks about: Buffer ETFs and whether they can be used as replacements for CDs in building a ladder for upcoming years' expenses ( 4:29 )His thoughts on direct indexing and whether it's worth doing to try to make non-qualified accounts for tax-efficient ( 14:11 )Whether or not it's practical to implement a bucketing strategy ( 23:38 )Considerations to put into a will when there is a beneficiary who may be contentious or difficult to deal with ( 34:18 )Estate size exemptions and considerations for spouses splitting up accounts ( 42:55 )Annualizing income on Form 2210 when making estimated payments and income earned or recognized i...2025-04-241h 03

Retirement Planning Education, with Andy Panko#147 – Chat with four "real" people, sharing what they wish they would have known or done differently during their divorcesIn this special edition "real" person chat, Andy talks with four different people who went through "gray" divorce (i.e. divorcing later in life; typically over the age of 50), to learn what they wish they would have known or done differently as they were going through the divorce process. Tenon Financial monthly e-newsletter - Retirement Planning InsightsFacebook group - Retirement Planning Education (formerly Taxes in Retirement)YouTube channel - Retirement Planning Education (formerly Retirement Planning Demystified)Retirement Planning Education website - www.RetirementPlanningEducation.com...2025-04-171h 27

Retirement Planning Education, with Andy Panko#146 – Retirement planner chat, with Mark Rosinski from Dunes FinancialAndy chats with fellow retirement planner Mark Rosinski, CFP®, CPA from Dunes Financial. In this episode they talk about a wide array of retirement planning topics such as tax planning, distribution strategies, investing, annuities, long-term care insurance, how to know when people have enough to retire, what consumers often overlook in retirement planning and much more!Links in this episode:Mark's advisory company website - Dunes Financialhttps://www.kitces.com/Wade Pfau - Retirement Planning Guidebook: https://www.amazon.com/Retirement-Planning-Guidebook-Navigating-Important/dp/194564009XRetirement & IRA Show: 2025-04-1057 min

Retirement Planning Education, with Andy Panko#145 - Understanding mutual fund capital gain distributionsAndy discusses the ins and outs of mutual fund capital gain distributions, particularly in normal taxable brokerage accounts.Links in this episode:Tenon Financial monthly e-newsletter - Retirement Planning InsightsTo send Andy questions to be addressed on future Q&A episodes, email andy@andypanko.comFacebook group - Retirement Planning Education (formerly Taxes in Retirement)YouTube channel - Retirement Planning Education (formerly Retirement Planning Demystified)Retirement Planning Education website - www.RetirementPlanningEducation.com 2025-04-0343 min

Retirement Planning Education, with Andy Panko#144 - Q&A edition...Rule of thumb for retirement income needs, qualified vs ordinary dividends, Social Security taxation and MORE!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 r...2025-03-2741 min

Retirement Planning Education, with Andy Panko#143 – Retirement planning chat with a "real" person, Jim JonesAndy chats with a real person (not an advisor) doing their own retirement planning. In this episode, Andy talks with Jim Jones. They talk about a wide array of retirement planning topics such as transitioning from owning a dental practice into retirement, investing, Social Security, when they got serious about retirement planning, and more! Links in this episode:Jim's podcast - The JimJamTenon Financial monthly e-newsletter - Retirement Planning InsightsFacebook group - Retirement Planning Education (formerly Taxes in Retirement)YouTube channel -...2025-03-2059 min

Retirement Planning Education, with Andy Panko#142 - "Hot topics" edition...Andy and Mike Powers talk about tariffs, TIPs, international stocks, data/cyber security and MORE!Andy and Mike Powers share their thoughts on a handful of current events and "hot topics" relating to retirement planning. Specifically, they talk about: Tariffs: what they are, who pays them, do they cause inflation, etc. ( 9:42 )Pros and cons of Treasury Inflation Protected Securities, or TIPS ( 21:32 )Whether or not to hold international stocks ( 37:07 )Considerations about whether to de-risk your portfolio and hold more cash a as result of expecting market uncertainty going forward ( 48:21 )Options for where to hold cash ( 54:33 )Observations and things to consider regarding doing your tax return ( 1:03:20 )Data and cyber security considerations ( 1:13:54 )Li...2025-03-131h 29

Retirement Planning Education, with Andy Panko#141 - Determining how much Roth conversion to do in a given yearAndy discussed how to determine how much Roth conversion to do in a particular year (assuming you've decided Roth conversions make sense for you). He walks through how to do a current year income & tax projection, and what tax "targets" or "goals" are commonly used in determining how much conversion to do.Links in this episode:DinkyTown 1040 online tax return projection tool - hereTenon Financial monthly e-newsletter - Retirement Planning InsightsTo send Andy questions to be addressed on future Q&A episodes, email 2025-03-0652 min

Retirement Planning Education, with Andy Panko#140 - Q&A edition...Donor Advised Funds, back door Roth IRA contributions, 10-year Treasury bonds, crypto and MORE!Listener Q&A where Andy talks about: Can Donor Advised Funds ("DAFs") be funded with pre-tax IRA money ( 2:22 )How to do a backdoor Roth IRA contribution and avoid the pro rata rule if you have pre-tax funds in other IRAs ( 5:46 )What are the must have important things to address and get right in retirement planning, vs what are nice to have optimization things ( 10:51 )How come most flat fee advisors don't work with clients with net worth in excess of $10 million ( 19:50 )How to invest excess money in taxable brokerage accounts ( 26:21 )Can funds or investments in taxable brokerage accounts be ex...2025-02-2753 min

Retirement Planning Education, with Andy Panko#139 – Retirement planning chat with a "real" person, John McLaurinAndy chats with a real person (not an advisor) doing their own retirement planning. In this episode, Andy talks with John McLaurin. They talk about a wide array of retirement planning topics such as planning for special needs and the "generational" planning involved, investing, Social Security, when they got serious about retirement planning, and more! Links in this episode:The book John mentioned - The Special Needs Planning Guide: How to Prepare for Every Stage of Your Child's LifeTenon Financial monthly e-newsletter - Retirement Planning Insights...2025-02-2058 min

Retirement Planning Education, with Andy Panko#138 – Retirement planner chat, with Liz Yoder from Dependent Financial PlanningAndy chats with fellow retirement planner Liz Yoder, CFP®, ChSNC® from Dependent Financial Planning. In this episode they talk about a wide array of retirement planning topics with a particular emphasis on special needs planning and the unique considerations and areas to consider when you or your child has or is likely to have a disabilityLinks in this episode:Liz's advisory company website - Dependent Financial PlanningLiz's LinkedIn profile - Elizabeth (Wolleben) YoderTo send Andy questions to be addressed on future Q&A...2025-02-131h 12

Retirement Planning Education, with Andy Panko#137 - 7 scenarios where it might be beneficial to do Roth conversionsAndy discussed seven common scenarios where it might be beneficial to do Roth conversions:You know your income now is much lower than it will be in the futureYou're married (and may eventually be single)You have large pre-tax accountsYour eventual heirs are likely to be in higher tax situations than you currently areYour plan on moving to a state that will have higher income taxes than your current stateYou're convinced tax rates will increase markedly in the futureYou want greater tax "diversity" amongst your investable accountsLinks in this episode:Tenon Financial newsletter summarizing...2025-02-0653 min

Retirement Planning Education, with Andy Panko#136 - Guest host edition...Mike Powers walks through his retirement planning checklistSpecial guest host, Mike Powers, CPA, PFS, CFP®, from Manuka Financial sits behind the microphone to walk through his 22-point retirement planning checklist, which includes financial, insurance and lifestyle considerations. Links in this episode:Mike's blog post about the retirement planning checklist - hereGeorge Kinder's life planning three questions - hereMike's company's website - Manuka FinancialTenon Financial monthly e-newsletter - Retirement Planning InsightsFacebook group - Retirement Planning Education (formerly Taxes in Retirement)YouTube channel -...2025-01-3032 min

Retirement Planning Education, with Andy Panko#135 - Q&A edition...understanding financial advisor's titles, repeal of Social Security WEP & GPO, umbrella insurance and MORE!Listener Q&A where Andy talks about: What it means between an advisor who calls themself a financial planner vs wealth manager vs any other label they choose to use ( 10:24 )My thoughts on the recently repealed Windfall Elimination Provision ("WEP") and Government Pension Offset ("GPO") parts of Social Security ( 20:35 )A follow up to a previously discussed Q&A topic about how much umbrella insurance to purchase ( 31:18 )How income is taxed to a recently deceased person vs their heirs or their estate ( 37:08 )How best to gift money to grandchildren to get them started with saving and investing ( 42:10 )Understanding a b...2025-01-2357 min

Retirement Planning Education, with Andy Panko#134 – Retirement planning chat with a "real" person, Brian AlexanderAndy chats with a real person (not an advisor) doing their own retirement planning. In this episode, Andy talks with Brian Alexander. They talk about a wide array of retirement planning topics such as investing, Social Security, when they got serious about retirement planning, funding potential long term care needs and more! Links in this episode:Tenon Financial monthly e-newsletter - Retirement Planning InsightsFacebook group - Retirement Planning Education (formerly Taxes in Retirement)YouTube channel - Retirement Planning Education (formerly Retirement Planning Demystified)Retirement Planning Education website...2025-01-161h 01

Retirement Planning Education, with Andy Panko#133 – Retirement planner chat, with Eric Niergarth from Retirement Roadmap Financial PlanningAndy chats with fellow retirement planner Eric Niergarth, CFP®, RICP® from Retirement Roadmap Financial Planning. In this episode they talk about a wide array of retirement planning topics such as tax planning, distribution strategies, investing, annuities, long-term care insurance, how to know when people have enough to retire, what consumers often overlook in retirement planning and much more!Links in this episode:Eric's advisory company website - Retirement Roadmap Financial PlanningTo send Andy questions to be addressed on future Q&A episodes, email andy@andypanko.com 2025-01-091h 09

Retirement Planning Education, with Andy Panko#132 - Why the value in financial advisory services can't actually be measuredAndy explains how there is definitely value in good financial advisory services, but how it's impossible to quantify that value and is often disingenuous for advisors to claim they can, or for studies to try to put a number on itLinks in this episode:Vanguard's research paper - Putting a value on your value: Quantifying Vanguard Advisor's AlphaMy article - How Much are Your Services Worth?My article - Advisors Fees are BrokenTenon Financial monthly e-newsletter - Retirement Planning InsightsFacebook...2025-01-0257 min

Retirement Planning Education, with Andy Panko#131 - Q&A edition...mutual funds vs ETFs, traditional vs rollover IRAs, how much umbrella insurance to get and MORE!Listener Q&A where Andy talks about: What's the difference between index mutual funds and index ETFs, and why choose one over the other ( 6:32 )Is a three-fund index fund portfolio reasonable for someone in the decumulation phase of life ( 17:04 )What's the difference between a "rollover" and "traditional" IRA ( 20:54 )How much of your net worth should you cover with umbrella insurance ( 24:32 )What should someone do about a pre-tax employer plan they don't really need if they're only in their 60s and still a few years away from Required Minimum Distributions ( 33:17 )What to consider when deciding whether to roll an o...2024-12-2656 min

Retirement Planning Education, with Andy Panko#130 – Retirement planning chat with a "real" person, Peter TownsendAndy chats with a real person (not an advisor) doing their own retirement planning. In this episode, Andy talks with Peter Townsend. They talk about a wide array of retirement planning topics such as becoming self-educated in the details of retirement planning AFTER already retiring, Social Security, funding potential long term care needs and more! Links in this episode:Tenon Financial monthly e-newsletter - Retirement Planning InsightsFacebook group - Retirement Planning Education (formerly Taxes in Retirement)YouTube channel - Retirement Planning Education (formerly Retirement Planning Demystified)Retirement Pl...2024-12-191h 55

Retire With RyanWhen an Annuity Makes Sense: A Real-Life Example with Andy PankoHow can an annuity help you secure income in retirement? Annuities often come with a reputation for being complicated, expensive, and overhyped—but they aren’t one-size-fits-all. The truth is, while they’re not the best solution for everyone, there are situations where they can provide the guaranteed monthly income some retirees need. In this episode, I’m joined by Andy Panko, CFP®, RICP®, EA, and President of Tenon Financial. Together, we’ll cut through the confusion and explore when an annuity might actually be the right fit for your retirement strategy. You will want to hear this...2024-12-1727 min

Retirement Planning Education, with Andy Panko#129 – Retirement planner chat, with Andrew Gray from Gray Wealth StrategiesAndy chats with fellow retirement planner Andrew Gray, CFP® from Gray Wealth Strategies. In this episode they talk about a wide array of retirement planning topics such as tax planning, distribution strategies, investing, annuities, long-term care insurance, how to know when people have enough to retire, what consumers often overlook in retirement planning and much more!Links in this episode:Andrew's advisory company website - Gray Wealth StrategiesTo send Andy questions to be addressed on future Q&A episodes, email andy@andypanko.comTenon F...2024-12-121h 34

Retirement Planning Education, with Andy Panko#128 - How to decide whether to own or rent your home in retirementAndy discusses the things to take into consideration when trying to decide whether to own or rent a home in retirementTenon Financial monthly e-newsletter - Retirement Planning InsightsFacebook group - Retirement Planning Education (formerly Taxes in Retirement)YouTube channel - Retirement Planning Education (formerly Retirement Planning Demystified)Retirement Planning Education website - www.RetirementPlanningEducation.comTo send Andy questions to be addressed on future Q&A episodes, email andy@andypanko.com 2024-12-0543 min

Retirement Planning Education, with Andy Panko#127 - Q&A edition...concentration in the S&P 500, direct indexing, how to transfer accounts from one broker to another and MORE!Listener Q&A where Andy talks about: What to do about the concentration of the top few names in the S&P 500 ( 5:10 )What is direct indexing, when could it make sense and how to manage wash sales when direct indexing ( 13:21 )Whether you need to have taxes withheld from annuities or any other sources of income ( 30:39 )When it might make sense to buy an annuity for only a few years, such as five or 10 years ( 34:34 )If your only income is Social Security and IRA withdrawals, what level of IRA withdrawal will lead to income high enough that you will n...2024-11-2853 min

Retirement Planning Education, with Andy Panko#126 – Retirement planning chat with a "real" person, JaneAndy chats with a real person (not an advisor) doing their own retirement planning. In this episode, Andy talks with Jane (anonymous name). They talk about a wide array of retirement planning topics such as dealing with the unexpected death of a spouse, self-educating on retirement and tax planning, doing a really large Roth conversion, Social Security survivor benefits, healthcare options in retirement and more!Links in this episode:The book Die With Zero - hereThe book The Psychology of Money - hereThe Bogleheads forum - here 2024-11-211h 12

Retirement Planning Education, with Andy Panko#125 – Retirement planner chat, with Jamie Lima from Woodson Wealth ManagementAndy chats with fellow retirement planner Jamie Lima, CFP®, CDFA from Woodson Wealth Management and Allegiant Divorce Solutions. In this episode they talk about a wide array of retirement planning topics such as tax planning, distribution strategies, investing, annuities, long-term care insurance, how to know when people have enough to retire, what consumers often overlook in retirement planning and much more! Also, Jamie interjects his experience and knowledge around divorce-related matters in the retirement and financial planning processes.Links in this episode:Jamie's advisory company website - Woodson Wealth ManagementJamie's divorce planning company w...2024-11-141h 33

Retirement Planning Education, with Andy Panko#124 - The basics of taxes and tax planning in retirementAndy talks about the basics of what to know regarding taxes and tax planning in retirement. Topics discussed include: What sources of income are taxable vs non-taxableRequired Minimum Distributions ("RMDs") from both your own accounts and inherited accountsHow to pay taxes in retirement: withholdings vs making estimated paymentsGifting tax-efficientlyMaking charitable donations tax-efficientlyOverview of common long-term tax planning strategies:Delaying Social Security and distributing from pre-tax accounts in the interimRoth conversionsTax loss and tax gain harvestingAsset "location" of which investments to hold in which account typesTo send Andy questions to be addressed on future Q...2024-11-071h 00

Retirement Planning Education, with Andy Panko#123 - My thoughts on 12 common financial and retirement planning rules of thumbSpecial edition episode in which Andy shares his views on whether the below 12 rules of thumb are accurate or not: You should always contribute at least enough to your employer plan (like a 401(k)) to get the full employer matchYou shouldn't help your kids pay for college if it means shorting your own financial security in retirementYou need at least $X million (where $X can be whatever amount someone wants to say) of savings to retireIn retirement, expect to need 80% of whatever your pre-retirement income was each yearThe 4% "rule" is a good tool for determining how m...2024-10-3151 min

Retirement Planning Education, with Andy Panko#122 - Q&A edition...tracking Roth IRA contributions, what to do with leftover RMD money, using total bond market funds and MORE!Listener Q&A where Andy talks about: How to keep track of Roth IRA contributions ( 6:45 )Considering getting employer-sponsored health insurance to supplement Medicare ( 12:15 )What to do with money from an RMD that you don't actually need ( 16:48 )Understanding the capital gain exclusion on selling your primary residence ( 19:58 )How to determine how much you can rent out a rental property for, and how to screen for tenants ( 23:42 )How to distribute from a portfolio that includes total bond market funds as its fixed income allocation ( 28:10 )Rolling over up to $35k of unused 529 funds into a Roth IRA ( 34:28 )To send A...2024-10-2439 min

Retirement Planning Education, with Andy Panko#121 – Retirement planning chat with a "real" person, Doug MannAndy chats with a real person (not an advisor) doing their own retirement planning. In this episode, Andy talks with Doug Mann. They talk about a wide array of retirement planning topics such as retiring and living abroad in Thailand and the unique planning considerations involved with being abroad full-timeLinks in this episode:Doug's travel/photography website - www.photomann.comThe Rock Retirement Club - hereRetirePlan website - hereDoug's episode on Roger Whitney's Retirement Answer Man podcast - hereTenon Financial...2024-10-171h 26

Retirement Planning Education, with Andy Panko#120 – Retirement planner chat, with Erik Barnes from Retirement Portfolio PartnersAndy chats with fellow retirement planner Erik Barnes, CFP® from Retirement Portfolio Partners. In this episode they talk about a wide array of retirement planning topics such as tax planning, distribution strategies, investing, annuities, long-term care insurance, how to know when people have enough to retire, what consumers often overlook in retirement planning and much more!Links in this episode:Erik's company website - Retirement Portfolio PartnersThe Rock Retirement Club - hereTo send Andy questions to be addressed on future Q&A episodes, email andy@a...2024-10-101h 51

Retirement Planning Education, with Andy Panko#119 - Andy's appearance on Rob Berger's YouTube channel, talking about taxes in retirementAndy appeared as a guest/co-host on the September 23, 2024 episode of Rob Berger's YouTube live stream video series. In it, they discussed taxes and tax planning in retirement, as well as a host of other questions such as account rebalancing, Roth conversion analysis, and more! There was also plenty of live Q&A from Rob's loyal followers/watchers.For those who don't already know, Rob Berger has one of the best YouTube channels out there for straight-shooting, educational and informative content about retirement planning and investing. You can find a link to the channel and this specific...2024-10-031h 41

The Rob Berger ShowRBS 159: Retirement Planning and Taxes with Andy Panko | Live Q&AAndy Panko, CFP, joins us to help answer your questions about retirement planning and taxes.Join the Newsletter. It's Free:https://robberger.com/newsletter/?utm...Join Andy's Facebook Group: https://www.facebook.com/groups/retirementplanningeducationCheck Out Andy's Website:https://retirementplanningeducation.com/Listen to Andy's Podcast Retirement Planning Education Below:https://retirementplanningeducation.com/podcast 2024-09-271h 34

Retirement Planning Education, with Andy Panko#118 - Q&A edition...Itemized sales tax deductions, pension vs lump sum, surviving spouse tax increases and MORE!Listener Q&A where Andy talks about: Itemizing sales taxes on Schedule A of your tax return, particularly when living in two states during the year ( 6:30 )Considerations when deciding between taking a pension or its lump sum ( 11:51 )Should a recently widowed person take advantage of their last year of Married Filing Joint tax brackets and do a large Roth conversion or IRA distribution ( 25:03 )Understanding the pro rata rule when doing a Roth conversion when you have multiple IRAs and a 401(k) ( 31:40 )How the IRS knows if you didn't take Required Minimum Distributions ("RMDs") when you were supposed to ( 37:02 )H...2024-09-2649 min

Retirement Planning Education, with Andy Panko#117 – Retirement planning chat with a "real" person, AlisonAndy chats with a real person (not an advisor) doing their own retirement planning. In this episode, Andy talks with Alison (last name not disclosed). They talk about a wide array of retirement planning topics such as the unique planning considerations of having a spouse who's nearly 10 years younger and how an unexpected major medical condition a few years ago resulted in her being on long term disability, presumably through when she starts Social Security. They also talk about about what she wishes she would have known earlier and a variety of financial topics such as Social Security, how...2024-09-1959 min

Retirement Planning Education, with Andy Panko#116 – Retirement planner chat, with Roger Whitney from the Retirement Answer Man podcastAndy chats with fellow retirement planner Roger Whitney, CFP®, CIMA®, CPWA® from The Retirement Answer Man podcast. In this episode they talk about a wide array of retirement planning topics such as tax planning, investing, annuities, how to help advise people get over the hurdle of not wanting to spend their money, what consumers often overlook in retirement planning and much more!Links in this episode:Roger's website - The Retirement Answer ManBronnie Ware's book - The Top Five Regrets of the DyingRoger's workbook of info and questions about - F...2024-09-121h 36

Retirement Planning Education, with Andy Panko#115 - How to give to charities tax-efficientlyAndy summarizes the tax-related concepts to know when giving to charities, and summarizes a few ways in which to make your charitable donations as tax-efficient for you as possibleLinks in this episode:IRS Publication 526 - hereMy YouTube video - How to Give to Charities Tax EfficientlyMy YouTube video - Overview of Federal Income TaxationTenon Financial monthly e-newsletter - Retirement Planning InsightsFacebook group - Retirement Planning Education (formerly Taxes in Retirement)YouTube channel - Retirement...2024-09-0555 min

Retirement Planning Education, with Andy Panko#114 – Retirement planner chat, with me...Andy Panko from Tenon FinancialWe're switching things up a bit! In this week's episode, guest host Mike Powers (from Manuka Financial; was a previous guest on the podcast) chats with the show's host, Andy Panko from Tenon Financial.In the episode, they talk about a wide array of retirement planning topics and Andy's view and approach toward them, such as tax planning, distribution strategies, investing, annuities, long-term care insurance, how to help advise people who are spending more than planned, what consumers often overlook in retirement planning and much more!Links in this episode:Andy' company's website - 2024-08-291h 54

Retirement Planning Education, with Andy Panko#113 - Q&A edition...how to find a retirement tax planner, Medicare premium surcharges, bullet maturity bond ETFs and MORE!Listener Q&A where Andy talks about: Can you retroactively increase your income for a prior tax year ( 2:37 )How to find a retirement planning tax specialist ( 8:16 )How the Medicare IRMAA premium surcharge income lookback works ( 17:24 )Determining how much mega back door Roth contributions to do ( 22:02 )Is it okay to employ your child part-time in your small business to give them earnings so you can contribute to a Roth IRA for them ( 28:07 )My thoughts on "bullet" maturity bond ETFs ( 31:30 )Whether reducing withdrawal rates or setting up a bucketing system eliminates Sequence of Returns Risk in retirement ( 43:27 )To s...2024-08-2254 min

Retirement Planning Education, with Andy Panko#112 – Retirement planning chat with a "real" person, JaneAndy chats with a real person (not an advisor) doing their own retirement planning. In this episode, Andy talks with Jane (an anonymous name). They talk about a wide array of retirement planning topics such as when she started getting serious about retirement planning, what she wishes she would have known earlier, what she learned from seeing her parents go through a long term care event with her father, and a variety of financial topics such as Social Security, investing, how she and her husband plan to address their own potential long term care scenarios and more!...2024-08-1540 min

Retirement Planning Education, with Andy Panko#111 – Retirement planner chat, with Victor Medina from Palante WealthAndy chats with fellow retirement planner Victor Medina, CFP®, RICP®, CELA® from Palante Wealth. In this episode they talk about a wide array of retirement planning topics such as tax planning, distribution strategies, investing, annuities, long-term care insurance, how to help advise people who are spending more than planned, what consumers often overlook in retirement planning and much more!Links in this episode:Victor's company's website - Palante WealthVictor's podcast - Retirease RadioSimon Sinek website - hereTo send Andy questions to be addressed on future Q&A e...2024-08-081h 27

Retirement Planning Education, with Andy Panko#110 1/2 - ONE MORE pro of rolling over employer plans (like a 401(k)) to an IRAI'm a buffoon and I missed including another important pro of doing an employer plan-to-IRA rollover in episode #110's list of pros and cons of rollovers. The additional potential pro is the ability to do Qualified Charitable Distributions ("QCDs") out of the IRA if you're at least 70 1/2 and charitably inclined.So, the recap the full list of pros (including QCDs) and cons of doing an employer plan-to-IRA rollover:Potential PROS of rolling over an employer plan to an IRA or Roth IRA:More investment optionsLikely lower fees and costsAccess to professional adviceBetter...2024-08-0510 min

Retirement Planning Education, with Andy Panko#110 - Pros and cons of rolling over employer plans [like a 401(k)] to an IRAAndy summarizes the pros and cons of rolling over an employer plan (such as a 401(k), 403(b), 401(a), 457 or the federal Thrift Savings Plan) to an IRA or Roth IRA. To sum up:Potential PROS of rolling over an employer plan to an IRA or Roth IRA:More investment optionsLikely lower fees and costsAccess to professional adviceBetter control over tax withholdingsMore withdrawal optionsLess Required Minimum Distributions ("RMDs") to manageLess financial clutterPotential CONS of rolling over an employer plan to an IRA or Roth IRA:May lose the ability...2024-08-011h 05

Retirement Planning Education, with Andy Panko#109 - Q&A edition...how to know if your 401(k) is good, how much tax to withhold from Social Security, should you invest in International stocks and MORE!Listener Q&A where Andy talks about: How to know if your 401(k) is good ( 5:57 )Is it safer to bank at multiple banks instead of just one ( 14:33 )How much tax should you withhold from your Social Security ( 21:10 )Whether each spouse needs to take out excess Roth IRA contributions if only one spouse's income put their Married Filing Joint total income over the Roth IRA contribution eligibility threshold ( 25:20 )Should you hire an advisor for a one-time Roth conversion analysis and plan if they claim it can save you millions in lifetime taxes ( 27:20 )Should you own international stocks in your s...2024-07-2543 min

Unexpected Hobbies of Financial AdvisorsWoodworking with Andy PankoIn this episode of Unexpected Hobbies of Financial Advisors, hosts Brian Wright and Joshua Walker interview Andy Panko, CFP®, RICP®, EA, owner of Tenon Financial. Andy shares his intriguing journey into woodworking, a hobby influenced by his father's handiwork and further fueled by his passion during college. He discusses how his woodworking interests blend with his professional life, revealing some fascinating overlaps and unique experiences, like being a contestant on HGTV's All American Handyman. This insightful discussion uncovers how Andy balances his career in financial planning with his creative endeavors in woodworking. 00:00 Introduction to the Podcast 00:48 Meet Andy Panko: Fi...2024-07-2244 min

Retirement Planning Education, with Andy Panko#108 – Retirement planning chat with "real" people, Ali & Alison WalkerAndy chats with real people (not advisors) doing their own retirement planning. In this episode, Andy talks with Ali & Alison Walker, who live in Arizona currently but lived and traveled abroad for a few years after retiring. They talk about a wide array of retirement planning topics such as when Ali & Alison started getting serious about retirement planning, what they wish they would have known earlier, how they planned for the non-financial aspects of retirement, and a variety of financial topics such as Social Security, investing, portfolio distributions, how they plan to address any potential long term care scenarios...2024-07-181h 38

Retirement Planning Education, with Andy Panko#107 – Retirement planner chat, with Mike Powers from Manuka FinancialAndy chats with fellow retirement planner Mike Powers, CPA, PFS, CFP®, from Manuka Financial. In this episode they talk about a wide array of retirement planning topics such as tax planning, distribution strategies, investing, annuities, long-term care insurance, how to help advise people who are spending more than planned, what consumers often overlook in retirement planning and much more!Links in this episode:Mike's company's website - Manuka FinancialMichael Kitces website - hereMr Money Mustache blog - hereChooseFI financial independent community - hereEarly Retirement N...2024-07-111h 51

Retirement Planning Education, with Andy Panko#106 - How to decide the optimal time to start your Social Security benefitsAndy talks about the main points to consider when deciding when to start your Social Security retirement benefitsLinks in this episode:Tenon Financial June 2024 newsletter discussing how to optimize your Social Security claiming decision - hereRetirement Planning Education June 2024 blog discussing how to optimize your Social Security claiming decision - hereMy YouTube video - Calculating Your Social Security Primary Insurance AmountTenon Financial monthly e-newsletter - Retirement Planning InsightsFacebook group - Retirement Planning Education (formerly Taxes in Retirement)YouTube...2024-07-0443 min

Retirement Planning Education, with Andy Panko#105 - Q&A edition... having mortgages in retirement, understanding Medicare coinsurance, when to consider long term care insurance and MORE!Listener Q&A where Andy talks about: Whether or not it's okay to have a mortgage or rent in retirement ( 1:56 )Medicare Part B coinsurance of 20% and whether Medigap/Supplemental policies are worth it ( 8:50 )How much money is TOO MUCH money to have in a Health Savings Account ( 13:50 )If I've changed any of my views or processes around retirement planning as a result having chatted with multiple "real people" and other retirement planners in this podcast ( 24:57 )How advisors can help improve the perception of the industry and how consumers can help try to better vet their potential advisor ( 28:58 )How m...2024-06-2754 min

Retirement Planning Education, with Andy Panko#104 – Retirement planning chat with a "real" person, Laura MaioneAndy chats with a real person (not an advisor) doing their own retirement planning. In this episode, Andy talks with Laura Maione, who lives in Illinois and retired during the pandemic. They talk about a wide array of retirement planning topics such as when Laura started getting serious about retirement planning, what she wishes he would have known earlier, how she planned for the non-financial aspects of retirement, and a variety of financial topics such as Social Security, investing, portfolio distributions, how she plans to address any potential long term care scenarios and more!Links in this...2024-06-201h 11

Retirement Planning Education, with Andy Panko#103 – Retirement planner chat, with Angie Furubotten-LaRosee from Avea Financial PlanningAndy chats with fellow retirement planner Angie Furubotten-LaRosee CFP®, from Avea Financial Planning. In this episode they talk about a wide array of retirement planning topics such as tax planning, distribution strategies, investing, annuities, long-term care insurance, how to help advise people who are spending more than planned, what consumers often overlook in retirement planning and much more!Links in this episode:Angie's company's website - Avea Wealth ManagementAngie's "Questions to ask...when choosing a financial planner"Michael Kitces content - here International Living Magazine - hereWo...2024-06-131h 33

Retirement Planning Education, with Andy Panko#102 - Highlights of the 2024 Social Security Trustees ReportAndy gives a summary of the key takeaways from the recently released 2024 Social Security Trustees ReportLinks in this episode:The 2024 Social Security Trustees Report - hereThe "Summary of Provisions That Would Change the Social Security Program" - hereTenon Financial monthly e-newsletter - Retirement Planning InsightsFacebook group - Retirement Planning Education (formerly Taxes in Retirement)YouTube channel - Retirement Planning Education (formerly Retirement Planning Demystified)Retirement Planning Education website - www.RetirementPlanningEducation.com 2024-06-0640 min

Retirement Planning Education, with Andy Panko#101 - Q&A edition...Choosing a custodian, 401(k) contribution limits, gift tax exclusion limits and MORE!Listener Q&A where Andy talks about: How to choose a brokerage firm/custodian to use ( 3:00 )How frequently to rebalance your portfolio ( 11:46 )Annual 401(k) contribution limits between employee and employer contributions ( 14:55 )Understanding gift taxes, when a gift tax return is required, the lifetime gift/estate size exemption and the annual gift exclusion ( 19:08 )The two different 5-year rules for Roth IRAs ( 24:03 )How mortgages or home equity lines of credit play into how much of the gain on the sale of your primary residence can be excluded ( 28:43 )Links in this episode:My YouTube video - 2024-05-3034 min

Retirement Planning Education, with Andy Panko#100 – 100th episode celebration!!! Andy's 100 words of retirement planning wisdomThank you for your support through 100 episodes!!! 🥳 To celebrate the milestone of the 100th episode, Andy shares his 100 best bits of retirement planning wisdom, broken up into 10 topics of 10 pieces of wisdom each. The 10 topics are:1) Investments, 2) Social Security, 3) Medicare, 4) Taxes, 5) Estate & Legacy Planning, 6) Annuities & Life Insurance, 7) Pensions, 8) Long Term Care, 9) the Financial Advisory Industry and 10) Non-Financial & Life PlanningLinks in this episode:Genworth Cost of Care Survey - hereFINRA's BrokerCheck - here Tenon Financial monthly e-newsletter - Retirement Planning InsightsFacebook group - Re...2024-05-231h 30

Retirement Planning Education, with Andy Panko#099 – Retirement planning chat with a "real" person, Al DiSalvioAndy chats with a real person (not an advisor) doing their own retirement planning. In this episode, Andy talks with Al DiSalvio, who lives in New Jersey and plans on retiring in 2025. They talk about a wide array of retirement planning topics such as when Al started getting serious about retirement planning, what he wishes he would have known earlier and a variety of financial topics such as Social Security, investing, Roth conversions, how he recently took a work assignment abroad and more!Links in this episode:Roger Whitney's Retirement Answer Man podcast - 2024-05-161h 02

Retirement Planning Education, with Andy Panko#098 – Retirement planner chat, with Lauren Hunt from Daybreak Wealth ManagementAndy chats with fellow retirement planner Lauren Hunt, CFP®, from Daybreak Wealth Management. In this episode they talk about a wide array of retirement planning topics such as tax planning, distribution strategies, investing, annuities, long-term care insurance, how to know when someone has "enough" to retire, what consumers often overlook in retirement planning and much more!Links in this episode:Lauren's company's website - Daybreak Wealth ManagementMichael Kitces content - here David Kelly content - hereIan Bremmer content - hereTenon Financial monthly e...2024-05-091h 13

Retirement Planning Education, with Andy Panko#096 - Q&A edition...US government debt concerns, Health Savings Accounts, how to estimate taxes and MORE!Listener Q&A where Andy talks about: Am I concerned about the increasing amount of US government debt, and how do I think it will impact retirees' investments ( 1:32 )Are there any custodians that offer Roth versions of SEP IRAs ( 16:58 )Is there a simple way to estimate what your total taxes will be for the year ( 19:28 )Could it make sense to invest in municipal bonds instead of bonds where the interest is taxable - even if the after-tax yield of the non-municipal bonds is higher - if the interest from the municipal bonds will have smaller impact on Modified A...2024-04-2545 min

Retirement Planning Education, with Andy Panko#095 – Retirement planning chat with a "real" person, Judy OcayaAndy chats with a real person (not an advisor) doing their own retirement planning. In this episode, Andy talks with Judy Ocaya, who lives in California and retired in 2019. They talk about a wide array of retirement planning topics such as when Judy started getting serious about retirement planning, what she wishes he would have known earlier, how she planned for the non-financial aspects of retirement, and a variety of financial topics such as Social Security, investing, portfolio distributions, how she leveraged her professional experience as a retirement plan actuary and more!Links in this episode:...2024-04-181h 23

Retirement Planning Education, with Andy Panko#094 – Retirement planner chat, with David and Mary Oransky from Laminar WealthAndy chats with fellow retirement planners Devin Oransky and Mary Oransky, from Laminar Wealth. In this episode they talk about a wide array of retirement planning topics such as tax planning, distribution strategies, investing, annuities, long-term care insurance, how to know when someone has "enough" to retire, what consumers often overlook in retirement planning and much more!Links in this episode:Laminar Wealth's website - https://www.laminarwealth.com/Tenon Financial monthly e-newsletter - Retirement Planning InsightsFacebook group - Retirement Planning Education (formerly Taxes in Retirement)...2024-04-111h 25

Retirement Planning Education, with Andy Panko#092 - Q&A edition...determining state tax residency, tax underpayment penalties and MORE!Listener Q&A where Andy talks about: How to establish tax residence in a new state, and how to leave tax residence in your old stateCarrying over capital loss deductionsMinimizing or eliminating underpayment interest penalties by "annualizing" income using Form 2210When in the tax return season should you file your returnIs an advisory fee of 1.25% to 1.50% worth itLinks in this episode:My YouTube video - Estimated Taxes, Tax Withholdings and Underpayment PenaltiesMy company newsletter - Retirement Planning InsightsFacebook group - Retirement Planning Education (formerly Taxes in Retirement)Y...2024-03-2835 min

Retirement Planning Education, with Andy Panko#091 – Retirement planning chat with a "real" person, Tom SantiAndy chats with a real person (not an advisor) doing their own retirement planning. In this episode, Andy talks with Tom Santi, who lives in Florida and is currently in a part-time/transitional work phase leading toward retirement. They talk about a wide array of retirement planning topics such as when Tom started getting serious about retirement planning, what he wishes he would have known earlier, how he planned for the non-financial aspects of retirement, and a variety of financial topics such as Social Security, investing, portfolio distributions and how he received the CFP in the 1990s but never a...2024-03-211h 17

Retirement Planning Education, with Andy Panko#090 – Retirement planner chat, with Devin Carroll from Carroll Advisory GroupAndy chats with fellow retirement planner Devin Carroll, from Carroll Advisory Group. In this episode they talk about a wide array of retirement planning topics such as tax planning, distribution strategies, investing, annuities, long-term care insurance, how to know when someone has "enough" to retire, what consumers often overlook in retirement planning and much more!Links in this episode:Devin's company's website - Carroll Advisory GroupDevin's YouTube channel - Devin CarrollDevin's podcast - Big Picture RetirementDevin's Facebook group - Social Security Intelligence Member's GroupThe...2024-03-141h 25

“Fun With Annuities” The Annuity Man PodcastAndy Panko: Financial Planning Demystified and Unemotional (TAM Classic)In this episode, The Annuity Man and Andy Panko discuss: How advisors should construct their fees The complexity of decumulation Making the plan as good as it can be Cryptocurrency is a lottery ticket Key Takeaways: The work isn’t linear to the asset size; advisors shouldn’t make more money just because assets go up. In the same way, advisors shouldn’t be paid less just because the markets go down. They’re still doing the same amount of work and providing the same services....2024-03-1252 min

Catching Up to FIRetirement Planning Tips | Andy Panko | 063Andy Panko is the founder and owner of Tenon Financial, a retirement planning and investment management firm, and Tenon Tax Preparation, a tax return preparation company. Andy joins Becky and guest co-host, Mark, to discuss retirement planning, the role and value of annuities, when to claim social security, and how to determine if you have saved enough for retirement. They also delve into handling taxes in retirement and the importance of community in one’s retirement journey. Welcome to the show, Andy! 🔗 Connect with us Buy CUtFI a coffee Record a message for CUtFI 2024-03-031h 02

Retirement Planning Education, with Andy Panko#088 – Retirement planning considerations for women, with Laura AdamsAndy talks with Laura Adams, author and host of the The Money Girl podcast, about retirement planning considerations and issues unique to womenLinks in this episode:Laura's website - https://lauradadams.com/Laura's podcast - The Money GirlLaura's newsletter - The Money StackTenon Financial monthly e-newsletter - Retirement Planning InsightsFacebook group - Retirement Planning Education (formerly Taxes in Retirement)YouTube channel - Retirement Planning Education (formerly Retirement Planning Demystified)Retirement Planning Education website - ...2024-02-291h 08

Retirement Planning Education, with Andy Panko#087 - Q&A edition...tax return filing statuses, advisor succession plans and MORE!Listener Q&A where Andy talks about: The summary of the five different tax return filing statusesWhether a particular listener could file as Head of Household for his 22 year-old son in collegeHow to get the 1099-INT form if you sold any I Bonds last yearWhether you can still do a 2023 Roth conversion now, in February 2024What to look for and ask regarding an advisor's succession planLinks in this episode:My YouTube video - Overview of Federal Income TaxationIRS's Instructions to Form 1040IRS's website for What is My Filing Status?2024-02-2246 min

Retirement Planning Education, with Andy Panko#086 – Retirement planning chat with a "real" person, Bill StevensonAndy chats with a real person (not an advisor) doing their own retirement planning. In this episode, Andy talks with Bill Stevenson, a married military retiree currently living in Hawaii. They talk about a wide array of retirement planning topics such as when Bill started getting serious about retirement planning, what he wishes he would have known earlier, how he planned for the non-financial aspects of retirement, and a variety of financial topics such as Social Security, investing, portfolio distributions, how the GI Bill helped pay for Bill's daughters' colleges and more!Links in this episode:B...2024-02-151h 01

Retirement Planning Education, with Andy Panko#085 – Retirement planner chat, with Brian Tegtmeyer from Truly Prosper Financial PlanningAndy chats with fellow retirement planner Brian Tegtmeyer, CFP®, from Truly Prosper Financial Planning. In this episode they talk about a wide array of retirement planning topics such as tax planning, distribution strategies, investing, annuities, long-term care insurance, how to know when someone has "enough" to retire, what consumers often overlook in retirement planning and much more!Links in this episode:Brian's company's website - Truly Prosper Financial PlanningThe Michael Kitces website/blog - hereEd Slott website/blog - hereNatalie Choate's book - Life and Death P...2024-02-0859 min

Retirement Planning Education, with Andy Panko#083 - Q&A edition...Solo 401(k)s, tax gain harvesting, bonds vs bond funds and MORE!Listener Q&A where Andy talks about: For those who have solo 401(k) plans, when having to file Form 5500EZ is requiredWhat's tax gain harvesting and when it's beneficialHow to select between online banks that offer high yield savings accountsBonds vs bonds funds and what should be considered when figuring out how to invest the bond portion of your portfolioLinks in this episode:My company newsletter - Retirement Planning InsightsFacebook group - Retirement Planning Education (formerly Taxes in Retirement)YouTube channel - Retirement Planning Education (formerly Retirement Planning Demystified)2024-01-2545 min

Retirement Planning Education, with Andy Panko#082 – Retirement planning chat with a "real" person, David FoltsAndy chats with a real person (not an advisor) doing their own retirement planning. In this episode, Andy talks with David Folts, a married retiree in Ohio. They talk about a wide array of retirement planning topics such as when David started getting serious about retirement planning, what he wishes he would have known earlier, how he planned for the non-financial aspects of retirement, and a variety of financial topics such as Social Security, investing, portfolio distributions, long-term care and more!Links in this episode:David's favorite books:A Whack on the Side of the H...2024-01-181h 26

Retirement Planning Education, with Andy Panko#081 – Retirement planner chat, with Larry Pershing from Optimum Retirement PlanningAndy chats with fellow retirement planner Larry Pershing, CFP®, RMA® from Optimum Retirement Planning. In this episode they talk about a wide array of retirement planning topics such as tax planning, distribution strategies, investing, annuities, long-term care insurance, how to know when someone has "enough" to retire, what consumers often overlook in retirement planning and much more!Links in this episode:Larry's company's website - Optimum Retirement PlanningLarry's Facebook group - Roth Conversions and RetirementLarry's YouTube channel - 2 Minute Retirement PlanningThe Early Retirement Now website/blog - h...2024-01-111h 34

Big Picture Retirement®Encore: Tax Loss (and Gain!) Harvesting with Andy PankoAnother special encore episode just in time for year end. Managing taxes in retirement may have a greater impact than any other single cost-saving measure you take. Today, we're replaying our epsiode with Andy Panko for a discussion into tax loss harvesting, and one that doesn't get a lot of attention...tax GAIN harvesting. Visit Andy's Facebook group Taxes In Retirement https://www.facebook.com/groups/495122561395942 Listen to Andy's podcast Retirement Planning Education at https://podcasts.apple.com/us/podcast/retirement-planning-education-with-andy-panko/id1605251516 Although this show does not provide specific tax, legal, or financial advic...2023-12-1135 min

Retirement Planning Education, with Andy PankoRetirement Planning Education is going on hiatusRetirement Planning Education is going on hiatus. But hopefully I'll be back at making episodes again in the not too distant future!-AndyLinks in this episode:The Retirement & IRA Show - https://www.theretirementandirashow.com/Facebook group - Retirement Planning Education (formerly Taxes in Retirement)YouTube channel - Retirement Planning Education (formerly Retirement Planning Demystified)Retirement Planning Education website - www.RetirementPlanningEducation.comMy company newsletter - https://tenonfinancial.com/newsletter 2023-06-2203 min

Retirement Planning Education, with Andy Panko#077 - Understanding cash value life insurance and how it's sold, with Kevin LaoAndy and Kevin Lao from Imagine Financial Security discuss when cash value (aka permanent) life insurance may be appropriate, and what to know about the sales processes around such productsLinks in this episode:Kevin's firm, Imagine Financial Security - https://imaginefinancialsecurity.com/Kevin's podcast, the "Planning for Retirement Podcast" - https://imaginefinancialsecurity.com/planning-for-retirement-podcast/2023-06-011h 02

Retirement Planning Education, with Andy Panko#070 - Q&A edition...dividend reinvestment, gifting stocks, Social Security survivor benefits and MORE!Listener Q&A where Andy talks about: Whether or not to reinvest dividends when in retirementCapital gain exclusion when selling a primary residence, and the "step up in basis" when leaving a primary residence to heirs How the Social Security "earnings test" impacts benefits when under Full Retirement Age and still workingHow to amend a tax returnConsiderations when gifting stock that has appreciated in valueLinks in this episode:Boomer Benefits Facebook group page - https://www.facebook.com/groups/508122746351903My podcast episode about the 4% Rule - hereFa...2023-04-1333 min

Retirement Planning Education, with Andy Panko#063 - Q&A edition...401(k)s & Highly Compensated Employees, interest rates & Social Security, inherited 401(k) distributions and MORE!Listener Q&A where Andy talks about: When Highly Compensated Employees may need to retroactively have some of their 401(k) contributions removedHow changes in interest rates and inflation impact Social Security benefits Required Minimum Distributions (“RMDs”) from a 401(k) inherited in 2006 The difference in income taxation between revocable and irrevocable trusts Pros and cons of target retirement date mutual funds His thoughts on a career changer entering the retirement and tax planning fieldLinks in this episode:My YouTube video - Calculating your Social Security Primary Insurance AmountFacebook group - Retirement Planning Education (formerly Taxes in Retiremen...2023-02-2347 min

Retirement Planning Education, with Andy Panko#062 - Introduction to Investing (Part 6 of 6) - Creating and managing your portfolioPart 6 of 6 of a multi-part series on an introduction to investing. In this episode, Andy talks about how to create and manage your portfolio including what to consider when picking an asset allocation, how often to rebalance and how to do tax-efficient asset "location"Links in this episode:My YouTube video - What is Sequence of Returns RiskMy YouTube video - How to Optimize Asset LocationFacebook group - Retirement Planning Education (formerly Taxes in Retirement)YouTube channel - Retirement Planning Education (formerly Retirement Planning Demystified)Retirement Planning Education website - www.RetirementPlanningEducation.com 2023-02-161h 10

Retirement Planning Education, with Andy Panko#061 - Introduction to Investing (Part 5 of 6) - Cash and alternative investmentsPart 5 of 6 of a multi-part series on an introduction to investing. In this episode Andy talks about the various places in which cash can be invested, as well gives a summary of multiple types of "alternative" investments such as real estate, commodities, hedge funds, interval funds and insurance productsLinks in this episode:My Podcast episode - What is a LIRP, or Life Insurance Retirement PlanThe first of my three Podcast episodes about Annuities - hereMy YouTube video What is Cryptocurrency, with Zechariah SchaeferFacebook group - Retirement Planning Education (formerly Taxes in Retirement)YouTube channel...2023-02-0940 min

Retirement Planning Education, with Andy Panko#060 - Introduction to Investing (Part 4 of 6) - All about mutual funds and exchange traded funds ("ETFs")Part 4 of 6 of a multi-part series on an introduction to investing. In this episode Andy talks about mutual funds and exchange traded funds ("ETFs"); what they are, what strategies they use, how to trade them, how they're valued, tax considerations, etc. Links in this episode:My YouTube video What are Mutual Fund Capital Gain DistributionsFacebook group - Retirement Planning Education (formerly Taxes in Retirement)YouTube channel - Retirement Planning Education (formerly Retirement Planning Demystified)Retirement Planning Education website - www.RetirementPlanningEducation.com 2023-02-0256 min

Retirement Planning Education, with Andy Panko#059 - Introduction to Investing (Part 3 of 6) - All about bondsPart 3 of 6 of a multi-part series on an introduction to investing. In this episode Andy talks about bonds; what they are, how to trade them, how to value them, what makes their prices change, what terminology to know, etc. Links in this episode:My YouTube video about Bonds, Bond Prices and Bond YieldsFacebook group - Retirement Planning Education (formerly Taxes in Retirement)YouTube channel - Retirement Planning Education (formerly Retirement Planning Demystified)Retirement Planning Education website - www.RetirementPlanningEducation.com 2023-01-261h 15

Retirement Planning Education, with Andy Panko#058 - Introduction to Investing (Part 2 of 6) - All about stocksPart 2 of 6 of a multi-part series on an introduction to investing. In this episode Andy talks about stocks; what they are, how to buy and sell them, how to value them, what terminology to know, etc.Links in this episode: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 2023-01-191h 17

Big Picture Retirement®Managing Tax Loss (AND GAIN) Harvesting with Andy PankoManaging taxes in retirement may have a greater impact than any other single cost-saving measure you take. Today, we're joined by Andy Panko for a deeper dive into tax loss harvesting, and one that doesn't get a lot of attention...tax GAIN harvesting. Visit Andy's firm Tenon Financial at https://tenonfinancial.com/ Visit Andy's Facebook group Taxes In Retirement https://www.facebook.com/groups/495122561395942 Listen to Andy's podcast Retirement Planning Education at https://podcasts.apple.com/us/podcast/retirement-planning-education-with-andy-panko/id1605251516 Although this show does not provide specific tax, legal, or financial advic...2022-12-1933 min

Retirement Planning Education, with Andy Panko#053 - What is tax planning?Explanation of what tax planning is, and isn't. Andy discusses the typical types of services and advice that make up tax planning within retirement planningLinks 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 2022-12-1541 min

Retirement Planning Education, with Andy Panko#052 - Q&A edition...457(b) plans, Roth 401(k) conversions, wash sales, Treasury notes and MORE!Listener Q&A where Andy talks about:The differences between governmental and non-governmental (aka “tax-exempt”) 457(b) plansWhen Roth 401(k) conversions can be accessed without tax or penaltyWhether certain mutual fund sales and purchases will constitute a wash saleWhether it’s better to purchase 10-year US Treasury notes sooner or later if you assume the Federal Reserve will continue raising interest ratesHow to contribute the maximum HSA family contribution in 2023 if both spouses in a married couple will be at least 55 by the end of 2023Links in this episode:IRS summary of non-governmental 457(b) plans - hereFacebook group...2022-12-0846 min

Retirement Planning Education, with Andy Panko#050 - What I'm thankful for (from a retirement planning perspective)Andy discusses what he's thankful for with regards to his career in retirement planning, and more broadly about retirement planning in generalLinks 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 2022-11-2441 min

Behind The AdvisorEp #348: Changing Careers & Building an Ideal Firm in 2 Years: A Conversation with Andy PankoToday we welcome XYPN member Andy Panko, CFP®, RICP®, EA, founder of Tenon Financial, to XYPN Radio. Andy always knew he wanted to be a financial advisor—but the harsh reality of financial planning opportunities (or the lack of them) for a fresh college graduate was discouraging. So, Andy spent the first 19 years of his career working in insurance, banking, and brokerage firms. It was in 2016 that Andy discovered XYPN Radio and realized that his dream of helping others with their finances could be a reality. If you’re interested in working with clients to and th...2022-11-1658 min

Retirement Planning Education, with Andy Panko#048 - Q&A edition...the Social Security "Earnings Test," 401(k) RMDs, tax gain harvesting and MORE!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 2022-11-1028 min

Retirement Planning Education, with Andy Panko#044 - Q&A edition...RMDs on inherited IRAs, deducting LTC expenses, planning for unknowns and MORE!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 2022-10-1341 min

Retirement Planning Education, with Andy Panko#040 - Q&A edition...delaying Social Security, when to start a pension, RMDs on inherited IRAs, where to save cash and MORE!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...2022-09-1538 min

Financial Advisor SuccessEp 297: From $0 To $70M In 2 Years By Leveraging Facebook Groups To Share Authentic Expertise With Andy PankoAndy Panko is the owner of Tenon Financial, a virtual independent RIA that oversees $70 million in assets under management for 43 retired client households. Andy was able to reach his client capacity goal in only two short years by leveraging a Facebook group that he created to share his expertise directly with the types of clients that he wanted to serve. Listen in as Andy shares how he was able to leverage his Taxes in Retirement Facebook Group to grow his firm, how he inadvertently created a virtual firm through the process, and why he first structured his...2022-09-061h 41

Retirement Planning Education, with Andy Panko#036 - Q&A edition...Roth conversion optimization, tax on crypto, when to start annuity payments and more!Listener Q&A where Andy answers questions about:Whether I prefer simplification or optimization in financial planningRoth conversion optimizationIs crypto mining taxableHow to buy I Bonds through tax return refundsWhat positions to sell when distributing from an IRAWhen to start annuity paymentsLinks 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 2022-08-1839 min

Retirement Planning Education, with Andy Panko#032 - Q&A edition...spousal Roth IRAs, 401(k) to Roth IRA conversions, self-funding LTC and more!Listener Q&A where Andy answers questions about:Spousal Roth IRAs401(k) to Roth IRA conversionsSplitting up IRAs to have different beneficiaries for eachInvesting money earmarked for potential future long term care expensesHow I named my company, Tenon FinancialIRS website link about direct vs indirect rollovers - hereFacebook group - Retirement Planning Education (formerly Taxes in Retirement)YouTube channel - Retirement Planning Education (formerly Retirement Planning Demystified)Newsletter - Retirement Planning Insights 2022-07-2139 min

“Fun With Annuities” The Annuity Man PodcastAndy Panko: Financial Planning Demystified and Unemotional In this episode, The Annuity Man and Andy Panko discuss: How advisors should construct their fees The complexity of decumulation Making the plan as good as it can be Cryptocurrency is a lottery ticket Key Takeaways: The work isn’t linear to the asset size; advisors shouldn’t make more money just because assets go up. In the same way, advisors shouldn’t be paid less just because the markets go down. They’re still doing the same amount of work and providing the same services. Investment management, even good investment management, has become increasingly cheap, easy, commoditized to do and do well. Dec...2022-03-2254 min

Practical Personal Finance022 - Mutual Funds for Beginners ft. Andy PankoWhat is a mutual fund? What are the different types of mutual funds? What is the minimum amount of money you need to get started investing in mutual funds? Today I'm joined by Andy Panko, a Certified Financial Planner from New Jersey, for a discussion that covers all of these questions and more. Andy's YouTube ChannelAndy's WebsitePractical Personal Finance on YouTube 2021-02-2519 min