Retirement Planning Education, with Andy Panko

#167 - Q&A edition...basis in inherited IRAs, Social Security break even analysis, coordinating RMDs and Roth conversions and MORE!

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Listener Q&A where Andy talks about: 

  • How to account on your tax return for the basis in inherited IRAs ( 7:00 )
  • Is having large Required Minimum Distributions ("RMDs") really a bad thing ( 12:04 )
  • Is there any merit to using a break-even analysis to help decide when to start Social Security ( 15:59 )
  • When does it make sense for someone to consider working with a financial advisor ( 18:14 )
  • Are Roth contribution and conversion rules the same across all of the various types of employer retirement accounts like 401(k)s, 403(b)s, TSP, etc. ( 26:18 )
  • Are there separate five-year holding periods for Roth conversions done in employer retirement plans ( 27:37 )
  • Do in-plan Roth conversions each have their own five-year holding period to waive the 10% early withdrawal penalty ( 30:36 )
  • Can Roth conversions be done before taking any distributions or doing Qualified Charitable Distributions ("QCDs") in the year someone turns RMD age ( 31:49 )
  • If receiving Restricted Stock Units ("RSUs") or deferred compensation in years after you stop working, is that considered earned income eligible for making Roth IRA contributions ( 34:38 )
  • Does taking a really large Health Savings Account ("HSA") distribution make you a higher audit risk in the eyes of the IRS ( 39:19 )
  • Is there a way to invest in broad stock market exposure but without the ongoing dividends such index fund pay out ( 42:27 )
  • Does the progress toward meeting the five-year rule within an employer Roth retirement plan port over to a Roth IRA or other employer Roth plans when doing a rollover, or vice versa ( 46:08 )
  • How to plan and account for an inheritance that a person is rather certain to receive, but the timing of receiving it isn't certain ( 49:43 )


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


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Andy Panko

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