Retirement Planning Education, with Andy Panko

#214 - Q&A edition...Roth conversions, directionality vs precision, separately managed accounts, tax return extensions and MORE!

• Andy Panko

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0:00 | 1:08:30

Listener Q&A where Andy talks about: 

  • Should Roth conversion analysis look at marginal or effective tax rates ( 4:21 )
  • His thoughts on why qualified Roth account distributions might eventually be included in certain measures of Modified Adjusted Gross Income ("MAGI") ( 8:28 )
  • What other MAGIs are potentially impacted and should be watched out for with doing Roth conversions ( 12:38 )
  • The difference between "directionality" and "precision" in retirement planning ( 20:40 )
  • Is it reasonable for an advisor to charge you extra for outsourcing some of their investment management to a separately managed or sub-managed account ( 25:38 )
  • His thoughts of reinvesting a deferred compensation plan to all cash when the plan will soon begin paying out its deferred payments ( 29:34 )
  • His thoughts on using multiple dividend and fixed income funds to create a "high income sleeve" for near-term distribution needs ( 35:25 )
  • Whether it's accurate that you can indirectly file a tax return extension simply by making an online tax payment and select "extension" as the reason for the payment ( 39:05 )
  • Can a minor with less than $400 of self-employment income not file a tax return yet still be eligible to contribute to a Roth IRA ( 44:56 )
  • How he helps clients balance Fear of Missing Out ("FOMO") and Fear of Running Out ("FORU") ( 52:04 )
  • How much of his planning work with clients is computational vs psychological ( 54:42 )
  • His thoughts on the gamification of investing, and the prediction markets ( 58:11 )
  • Why there are so many different funds like buffered ETFs and option trading ETFs, at higher expense ratios, when many can just invest in a few basic low-cost ETFs ( 1:00:36 )


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


Andy's LinkedIn profile: https://www.linkedin.com/in/andypanko/


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Andy Panko

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