Summary of the "Section 121" exclusion of up to $500k of gain on selling your primary residence Links in this episode: Boomer Benefits website - https://www.BoomerBenefits.com IRS Publication 523 - here My podcast about the Net Investment Income Tax - here Facebook group - Retirement Planning Education (formerly Taxes in Retirement) YouTube channel - Retirement Planning Education (formerly Retirement Planning Demystified) Retirement Planning Education website - www.RetirementPlanningEducation.co...
Apr 20, 2023•35 min
Listener Q&A where Andy talks about: Whether or not to reinvest dividends when in retirement Capital gain exclusion when selling a primary residence, and the "step up in basis" when leaving a primary residence to heirs How the Social Security "earnings test" impacts benefits when under Full Retirement Age and still working How to amend a tax return Considerations when gifting stock that has appreciated in value Links in this episode: Boomer Benefits Facebook group page - https://www.facebook...
Apr 13, 2023•33 min
Summary of the key takeaways from the 2023 Social Security Trustees Report Links in this episode: Boomer Benefits website - https://www.BoomerBenefits.com SSA press release about the 2023 Trustees report, with link to the full report - https://www.ssa.gov/news/press/releases/2023/#3-2023-3 Facebook group - Retirement Planning Education (formerly Taxes in Retirement) YouTube channel - Retirement Planning Education (formerly Retirement Planning Demystified) Retirement Planning Education website - ...
Apr 06, 2023•32 min
Explanation of what happens to investments when a broker fails, and why that is a very different (and generally better) scenario for clients than a bank failing Links in this episode: Boomer Benefits Facebook group page - https://www.facebook.com/groups/508122746351903 Schwab's CEO, Walt Bettinger, on CNBC - https://www.aboutschwab.com/walt-bettinger-on-financial-stability Charles Schwab and Walt Bettinger's industry perspective - https://www.aboutschwab.com/updated-our-most-recent-perspective-o...
Mar 30, 2023•28 min
Discussion of the basics of the U.S.'s monetary and banking systems, and why there have recently been multiple bank failures. And, should we be concerned about the broader banking system and more failures going forward? Links in this episode: Boomer Benefits website - https://www.BoomerBenefits.com FDIC Electronic Deposit Insurance Estimator ("EDIE") calculator - https://edie.fdic.gov/calculator.html Facebook group - Retirement Planning Education (formerly Taxes in Retirement) YouTube channel - ...
Mar 23, 2023•42 min
Summary of the various tax forms retirees are likely to receive at tax return time. Discusses 1099s, 5498's, 1095's and more! Links in this episode: Boomer Benefits Facebook group - https://www.facebook.com/groups/BoomerBenefits Facebook group - Retirement Planning Education (formerly Taxes in Retirement) YouTube channel - Retirement Planning Education (formerly Retirement Planning Demystified) Retirement Planning Education website - www.RetirementPlanningEducation.com...
Mar 16, 2023•41 min
Part 2 of 2 of my discussion with Social Security expert, Devin Carroll, where he debunks 7 common Social Security myths (original recording was from December 2020) Links in this episode: Devin's YouTube channel - https://www.youtube.com/@DevinCarroll Devin's blog - https://www.socialsecurityintelligence.com/ Devin's Facebook group - https://www.facebook.com/groups/428684237572614 Devin's book - The Hero's Penalty Devin's book - Social Security Basics Facebook group - Retirement Planning Educati...
Mar 09, 2023•36 min
Part 1 of 2 of my discussion with Social Security expert, Devin Carroll, where he debunks 7 common Social Security myths (original recording was from December 2020) Links in this episode: Devin's YouTube channel - https://www.youtube.com/@DevinCarroll Devin's blog - https://www.socialsecurityintelligence.com/ Devin's Facebook group - https://www.facebook.com/groups/428684237572614 Devin's book - The Hero's Penalty Devin's book - Social Security Basics Facebook group - Retirement Planning Educati...
Mar 02, 2023•40 min
Listener Q&A where Andy talks about: When Highly Compensated Employees may need to retroactively have some of their 401(k) contributions removed How changes in interest rates and inflation impact Social Security benefits Required Minimum Distributions (“RMDs”) from a 401(k) inherited in 2006 The difference in income taxation between revocable and irrevocable trusts Pros and cons of target retirement date mutual funds His thoughts on a career changer entering the retirement and tax planning f...
Feb 23, 2023•47 min
Part 6 of 6 of a multi-part series on an introduction to investing. In this episode, Andy talks about how to create and manage your portfolio including what to consider when picking an asset allocation, how often to rebalance and how to do tax-efficient asset "location" Links in this episode: My YouTube video - What is Sequence of Returns Risk My YouTube video - How to Optimize Asset Location Facebook group - Retirement Planning Education (formerly Taxes in Retirement) YouTube channel - Retireme...
Feb 16, 2023•1 hr 10 min
Part 5 of 6 of a multi-part series on an introduction to investing. In this episode Andy talks about the various places in which cash can be invested, as well gives a summary of multiple types of "alternative" investments such as real estate, commodities, hedge funds, interval funds and insurance products Links in this episode: My Podcast episode - What is a LIRP, or Life Insurance Retirement Plan The first of my three Podcast episodes about Annuities - here My YouTube video What is Cryptocurren...
Feb 09, 2023•41 min
Part 4 of 6 of a multi-part series on an introduction to investing. In this episode Andy talks about mutual funds and exchange traded funds ("ETFs"); what they are, what strategies they use, how to trade them, how they're valued, tax considerations, etc. Links in this episode: My YouTube video What are Mutual Fund Capital Gain Distributions Facebook group - Retirement Planning Education (formerly Taxes in Retirement) YouTube channel - Retirement Planning Education (formerly Retirement Planning D...
Feb 02, 2023•56 min
Part 3 of 6 of a multi-part series on an introduction to investing. In this episode Andy talks about bonds; what they are, how to trade them, how to value them, what makes their prices change, what terminology to know, etc. Links in this episode: My YouTube video about Bonds, Bond Prices and Bond Yields Facebook group - Retirement Planning Education (formerly Taxes in Retirement) YouTube channel - Retirement Planning Education (formerly Retirement Planning Demystified) Retirement Planning Educat...
Jan 26, 2023•1 hr 15 min
Part 2 of 6 of a multi-part series on an introduction to investing. In this episode Andy talks about stocks; what they are, how to buy and sell them, how to value them, what terminology to know, etc. Links in this episode: Facebook group - Retirement Planning Education (formerly Taxes in Retirement) YouTube channel - Retirement Planning Education (formerly Retirement Planning Demystified) Retirement Planning Education website - www.RetirementPlanningEducation.com...
Jan 19, 2023•1 hr 17 min
Part 1 of 6 of an introduction to investing. This episode talks about some background considerations to investing, such as risk-reward trade off and the concepts of risk tolerance & capacity, and also gives an overview of the different types of investment accounts such as brokerage accounts, IRAs, 401(k)s, etc. Links in this episode: My YouTube video about Asset Location - here My podcast episode #8 about Roth IRA withdrawal rules - here My YouTube video about Roth IRA withdrawal rules - her...
Jan 12, 2023•56 min
Summary of the provisions of the recently enacted SECURE 2.0 Act of 2022 legislation that are most likely to impact you and your retirement planning Links in this episode: Full text of SECURE 2.0 Act of 2022 (starts on page 817) - here Jeffrey Levine's awesome summary of SECURE 2.0 - here The U.S. Senate's formal summary of each provision of SECURE 2.0 - here Facebook group - Retirement Planning Education (formerly Taxes in Retirement) YouTube channel - Retirement Planning Education (formerly Re...
Jan 05, 2023•47 min
Part 2 of 2 of my discussion with Amy Colton, MBA, CDFA, founder of Your Divorce Made Simple, to talk about financial planning considerations specific to divorce (original recording was from November 2021) Links in this episode: Amy's website - www.YourDivorceMadeSimple.com Facebook group - Retirement Planning Education (formerly Taxes in Retirement) YouTube channel - Retirement Planning Education (formerly Retirement Planning Demystified) Newsletter - Retirement Planning Insights...
Dec 29, 2022•31 min
Part 1 of 2 of my discussion with Amy Colton, MBA, CDFA, founder of Your Divorce Made Simple, to talk about financial planning considerations specific to divorce (original recording was from November 2021) Links in this episode: Amy's website - www.YourDivorceMadeSimple.com Facebook group - Retirement Planning Education (formerly Taxes in Retirement) YouTube channel - Retirement Planning Education (formerly Retirement Planning Demystified) Newsletter - Retirement Planning Insights...
Dec 22, 2022•37 min
Explanation of what tax planning is, and isn't. Andy discusses the typical types of services and advice that make up tax planning within retirement planning Links in this episode: Facebook group - Retirement Planning Education (formerly Taxes in Retirement) YouTube channel - Retirement Planning Education (formerly Retirement Planning Demystified) Newsletter - Retirement Planning Insights...
Dec 15, 2022•41 min
Listener Q&A where Andy talks about: The differences between governmental and non-governmental (aka “tax-exempt”) 457(b) plans When Roth 401(k) conversions can be accessed without tax or penalty Whether certain mutual fund sales and purchases will constitute a wash sale Whether it’s better to purchase 10-year US Treasury notes sooner or later if you assume the Federal Reserve will continue raising interest rates How to contribute the maximum HSA family contribution in 2023 if both spouses in...
Dec 08, 2022•47 min
Explanation of the basic structure of the U.S. Federal income tax system Links in this episode: YouTube video - Overview of Federal Income Taxation YouTube video - Estimated Taxes, Tax Withholdings and Underpayment Penalties Facebook group - Retirement Planning Education (formerly Taxes in Retirement) YouTube channel - Retirement Planning Education (formerly Retirement Planning Demystified) Newsletter - Retirement Planning Insights...
Dec 01, 2022•37 min
Andy discusses what he's thankful for with regards to his career in retirement planning, and more broadly about retirement planning in general Links in this episode: Facebook group - Retirement Planning Education (formerly Taxes in Retirement) YouTube channel - Retirement Planning Education (formerly Retirement Planning Demystified) Newsletter - Retirement Planning Insights...
Nov 24, 2022•42 min
An introduction to the key aspects of estate planning Links in this episode: Facebook group - Retirement Planning Education (formerly Taxes in Retirement) YouTube channel - Retirement Planning Education (formerly Retirement Planning Demystified) Newsletter - Retirement Planning Insights...
Nov 17, 2022•42 min
Listener Q&A where Andy talks about: How the Social Security "Earnings Test" and "Family Maximum" are applied Whether RMDs can be delayed from a Solo 401(k) if still working How Social Security Survivor Benefits work If you can still contribute to a 401(k) if you're still working beyond RMD age What Tax Gain Harvesting is and how to use it Links in this episode: YouTube video - How are Capital Gains Taxed Facebook group - Retirement Planning Education (formerly Taxes in Retirement) YouTube c...
Nov 10, 2022•29 min
Part 2 of 2 of my discussion with Danielle Roberts, founder of Boomer Benefits, to talk about all things Medicare (original recording was from October 2020) Links in this episode: 2023 Medicare Parts A & B premiums and deductibles, as well as Medicare surcharge (aka "IRMAA") income levels and surcharge amounts - here 2023 Medicare Part D catastrophic coverage out of pocket limit - here Boomer Benefits website - www.boomerbenefits.com Danielle's book - 10 Co$tly Medicare Mistakes You Can't Af...
Nov 03, 2022•37 min
Part 1 of 2 of my discussion with Danielle Roberts, founder of Boomer Benefits, to talk about all things Medicare (original recording was from October 2020) Links in this episode: 2023 Medicare Parts A & B premiums and deductibles, as well as Medicare surcharge (aka "IRMAA") income levels and surcharge amounts - here 2023 Medicare Part D catastrophic coverage out of pocket limit - here Boomer Benefits website - www.boomerbenefits.com Danielle's book - 10 Co$tly Medicare Mistakes You Can't Af...
Oct 27, 2022•48 min
Summary of Social Security Cost of Living Adjustments (or "COLAs") and whether the recently announced 2023 COLA of 8.7% will apply to you (spoiler alert...it doesn't apply to everyone!) Links in this episode: Monthly Consumer Price Index ("CPI") values from the Bureau of Labor Statistics - here YouTube video - Calculating Your Social Security Primary Insurance Amount YouTube video - Introduction to Social Security YouTube video - When to Start Social Security Facebook group - Retirement Planning...
Oct 20, 2022•34 min
Listener Q&A where Andy answers questions about: How the IRS knows if you satisfy RMDs on an inherited account if you move the account between custodians during the year The deductibility of long-term care expenses as medical expenses Taxation of selling Restricted Stock Units (“RSUs”) Medicare premium surcharges while your Medicare benefits are suspended How to plan for the known knowns, the known unknowns and the unknown unknowns Links in this episode: Facebook group - Retirement Planning ...
Oct 13, 2022•41 min
Part 2 of 2 of the audio replay of my previous video with Josh Blum from Mutual of Omaha where we talked all about reverse mortgages Links in this episode: Replay of the original video with Josh - here Facebook group - Retirement Planning Education (formerly Taxes in Retirement) YouTube channel - Retirement Planning Education (formerly Retirement Planning Demystified) Newsletter - Retirement Planning Insights...
Oct 06, 2022•37 min
Part 1 of 2 of the audio replay of my previous video with Josh Blum from Mutual of Omaha where we talked all about reverse mortgage Links in this episode: Replay of the original video with Josh - here Facebook group - Retirement Planning Education (formerly Taxes in Retirement) YouTube channel - Retirement Planning Education (formerly Retirement Planning Demystified) Newsletter - Retirement Planning Insights...
Sep 29, 2022•46 min
