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!

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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:

  • Ben's website - Retirement Starts Today
  • Ben's YouTube channel - Even Better Retirement


To send Andy questions to be addressed on future Q&A episodes, email [email protected]


  • My company newsletter - Retirement Planning Insights
  • 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
...more
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Retirement Planning Education, with Andy PankoBy Andy Panko
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