Retirement Planning Education, with Andy Panko

#124 - The basics of taxes and tax planning in retirement

• Andy Panko

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Andy 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-taxable
  • Required Minimum Distributions ("RMDs") from both your own accounts and inherited accounts
  • How to pay taxes in retirement: withholdings vs making estimated payments
  • Gifting tax-efficiently
  • Making charitable donations tax-efficiently
  • Overview of common long-term tax planning strategies:
    • Delaying Social Security and distributing from pre-tax accounts in the interim
    • Roth conversions
    • Tax loss and tax gain harvesting
    • Asset "location" of which investments to hold in which account types


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

Links in this episode:

  • The Rock Retirement Club - here


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Andy Panko

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