Mailbag Ask Andy Anything

This is a special "mailbag" edition of Taxes in Retirement LIVE! where group members ask Andy all sorts of retirement planning questions.

Questions addressed (and time stamps at which point in the video the question starts) in tonight's video are:

3:12 – at what income level do Medicare premium surcharges start to become a concern to you?

8:35 – What your thoughts about quantifying the value of Roth conversions?

12:25 – how much home equity should someone have in their personal residence relative to the rest of the assets

15:48 – If you put all of your assets in Transfer on Death accounts except for a car, how does the personal representative get money for the final expenses when you pass away?

17:35 – Will it be a good idea to hold off on opening a Single Premium Immediate Annuity or Multi-Year Guaranteed Annuity while waiting for the insurers to raise interest rates?

21:18 – Is there a best time to deliver I Bond gifts? Should I deliver the gift in the beginning of the year, end of the year or the middle?

23:25 – What factors should be considered if you name your child as the beneficiary of a pension?

25:55 – Would it be illegal to sell my $1,000,000 home to my son for only $500,000?

28:39 – What have been the biggest financial regrets expressed by your clients?

31:39 – A family member is 55 and on Social Security Disability Income. Do they still need to take Required Minimum Distributions from their 401(k) and IRA?

36:27 – Is there another way to transfer or inherit a house outside of probate aside from a revocable living trust?

39:56 – How do 401(k) withdrawals impact the amount of your Social Security that’s taxed?

41:30 – If I’m over 72 and still working, but don’t have a workplace retirement plan available to me, can I still add $7k per year to my IRA?

45:37 – What financial podcasts do you listen to?

48:52 – If I’m using money from a 529 to pay for tuition, can I also use Series EE and I bonds tax-free to pay for college expenses?


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DISCLAIMER: This video is only helpful hints and education. It is not specific tax, legal or investment advice. Before considering acting on anything you see in this video, first consult with your tax, legal or investment advisor. While the information expressed in this video is believed to be accurate, neither Andy Panko, CFP®, RICP®, EA nor Tenon Financial LLC make any guarantees to its accuracy.