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!

July 25, 2024

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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 stock allocation ( 31:58 )


To send Andy questions to be addressed on future Q&A episodes, email andy@andypanko.com

Links in this episode:

  • Form W-4V to have federal taxes withhold from your Social Security payments - here
  • Dinkytown online tax return calculator - here
  • My YouTube video on fixing excess Roth IRA contributions - here
  • My article about the futility of trying to quantify the value of Roth conversions - here




People on this episode

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Andy Panko

Host