Retirement Planning Education, with Andy Panko

#178 - "Hot topics" edition...Andy and Ben Brandt talk about Monte Carlo, Donor Advised Funds, paying taxes on Roth conversions, how advisors dress and MORE!

Share episode

Andy and Ben Brandt from Retirement Starts Today share their thoughts on a handful of current events and "hot topics" relating to retirement planning. Specifically, they talk about: 

  • Thoughts on Monte Carlo analysis; the good, the bad, the ugly ( 9:10 )
  • Why all retirement plans are ultimately wrong as soon as they're made, and need to be agile and adaptable ( 13:30 )
  • How to try to help people get comfortable spending the money they've accumulated ( 22:53 )
  • Should people care how financial advisors dress? ( 29:18 )
  • Is IRMAA (Income Related Monthly Adjustment Amount) something that needs to be avoided, or is it okay to knowingly pay some IRMAA in the name of longer term tax planning ( 35:12 )
  • Are there any planning considerations or concerns people should have if the government shutdown continues to drag on ( 39:58 )
  • Is renting a home (instead of owning or buying) a home in retirement okay ( 44:27 )
  • Are Donor Advised Funds worth using ( 48:35 )
  • Their thoughts on Artificial Intelligence and how it may impact financial and retirement planning ( 52:52 )
  • Is it okay to pay taxes on Roth conversions by withholding it from the IRA, or should taxes on conversions only be paid with money outside of an IRA, such as in a bank or brokerage account ( 1:00:42 )


Links in this episode:


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


Head Shot

Andy Panko

Host