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Andy Panko Podcasts

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7 of The Best Podcast Episodes for Andy Panko. A collection of podcasts episodes with or about Andy Panko, often where they are interviewed.

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7 of The Best Podcast Episodes for Andy Panko. A collection of podcasts episodes with or about Andy Panko, often where they are interviewed.

Updated daily with the latest episodes

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From DIII Basketball to Making Big Time 馃挼 Professionally | The Andy Panko Story [REPLAY]

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Every year thousands of high school players set out on the summer recruiting circuit in hopes of fulfilling their dreams of playing DI. But what happens when the summer ends and none of those DI schools have come calling? What do you do when the only schools that want you are at the DIII level? This was the situation facing Andy Panko in the late 1990鈥檚. His decision put him on a path that few expected. Andy was an undersized, skinny high school player. Like everyone else, he had dreams of playing for a power conference DI school and moving on to the NBA. But at the end of his high school career, it was clear that the DI schools weren鈥檛 coming after him. Andy wanted to go somewhere where he would play and play right away,聽so he enrolled at Lebanon Valley College...and the rest is history. Listen to his story now! [REPLAY from 6/5/18]

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The Youth Hoops Pod covers topics such as:

  • High school & AAU basketball
  • College basketball recruiting
  • NCAA basketball
  • NBA & professional overseas basketball
  • Mental health & performance
  • Leadership
  • Basketball coaching
  • And much more!

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馃弨 馃摬 DOWNLOAD THE "PELOTON" FOR BASKETBALL TRAINING FREE NOW

Make sure to check out the PSB+ app for iPhone/iPad and Android. PSB+ is the Peloton for basketball, allowing players to workout with a virtual trainer anywhere, anytime at the touch of a button. Click here for more information and to download for free now!

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猸愶笍 PLEASE LEAVE A 5-STAR REVIEW

If you enjoyed our podcast, would you please take a minute and leave us a 5-star review? It would mean the world to us as we are beginning to grow our voice in the podcast sphere.

To leave a review on Apple:

1) Click this link

2) Scroll ALL THE WAY DOWN

3) Look for the 5 stars and leave a review!

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馃憞 CONNECT WITH US ON SOCIAL

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馃帶 Intro and Outro music by Wintz

Sep 22 202015mins
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Taxes in Retirement with Andy Panko, Ep # 150

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Tax expert, Andy Panko, joins me today to discuss taxes in retirement. Andy and I know each other from his Taxes in Retirement Facebook group. I figured he would be the perfect person to have on the show to help me answer several questions about this topic. Retirement is one time in life when you can plan for taxes in the long-term, so you鈥檒l want to do as much tax planning as you can. Listen to hear the different types of tax questions that people have about retirement.聽

Outline of This Episode
  • [2:22] Do spouses have to calculate their RMD鈥檚 separately?
  • [8:32] An IRMAA question
  • [15:09] Bill wants to know about the 5-year rule
  • [20:36] How do RMD鈥檚 work?
  • [25:10] It鈥檚 not what you make it鈥檚 what you keep
An IRA question

Wouldn鈥檛 it be easier to combine a husband and wife鈥檚 assets and just take one RMD? If a husband and wife have separate 401K鈥檚 and IRA鈥檚 even though it would seem easier to take those RMD鈥檚 together, they must be taken individually. The RMD is based on your age and each IRA and 401K has its own calculator.聽

One way to simplify the various retirement accounts is to take a rollover whenever you leave an employer-sponsored 401K. Remember the RMD penalty is steep, 50% of the required amount. So if you can find a way to simplify your retirement accounts then do it.聽

An IRMAA question

The next question is actually from me. Normally I help my clients stay within the $174,000 income limit that IRMAA allows. But I recently discovered a case in which a client should go over that limit. Are there cases where people should deliberately go over the IRMAA limit?聽

If you already have a large pot of tax-deferred money it makes sense to pay those taxes now rather than later. We are experiencing all-time lows in tax rates and those rates are subject to change at any point. It may make sense to pay the $70 extra per month in Medicare costs rather than be stuck with a large tax bill later. Listen in to hear what the next IRMAA income cap is.聽

What are the rules of converting a Roth IRA?聽

If you are already over 59.5 and the Roth account has been open more than 5 years then you are set. You can withdraw funds from that account without penalty. Any money that comes out is a qualified distribution. However, if you do not meet those requirements there could be a penalty. There are further rules and regulations surrounding Roth IRA鈥檚 and they can be very confusing. To ensure that you don鈥檛 encounter any problems with your Roth IRA, open one as soon as possible and fund it with a rollover.聽

How do RMD鈥檚 work?

When you save into your IRA you are saving into a tax-deferred account. The RMD is simply there to make sure you pay the income tax on that money. It鈥檚 important to remember that the money isn鈥檛 entirely yours, you need to split it with Uncle Sam. You want to maximize the amount that you get and minimize Uncle Sam鈥檚 portion.聽

You and Uncle Sam see your IRA in different ways. You see that account as an asset and Uncle Sam sees it as (untaxed) income. It won鈥檛 allow you to put it off paying those taxes indefinitely. The RMD is simply the government鈥檚 way of ensuring that you pay the taxes owed on that money.聽

Press play to discover the answers to all of these listener questions and help realize all the tax planning opportunities that retirement brings.

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Jul 27 202031mins

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PPR 214_Best Possible Retirement with Andy Panko

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Thanks to the death of private pensions, the devaluation of Social Security benefits and other undeniable retirement factors such as inflation and increased taxes, America is now in a retirement income crisis. Personal Pension Radio show is focused on helping you pack your bags for both halves of the retirement journey.聽 Kraig's mission is help you build & protect your wealth and lifestyle today and generationally.

Optimizing Retirement income does not happen with a product.聽 Mutual funds, life insurance, real estate, or annuities by themselves will not help you optimize your retirement income. You must have an integrated approach.

DISCLOSURE:聽 KRAIG IS THE INCOME ENGINEER BUT HE IS NOT AN ATTORNEY OR A CPA. PLEASE DO NOT CONSIDER THINGS ON THIS SHOW AS ADVICE. PLEASE TALK WITH A QUALIFIED CERTIFIED FINANCIAL PLANNER BEFORE MAKING ANY FINANCIAL DECISIONS.

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Financial Dependence, Financial Solvency, Financial Stability, Debt Freedom, Financial Security, Financial Independence, Financial Freedom, Financial Abundance, retirement, pension, income, protect, rescue, help, money, savings, Certified Financial Planner (Job Title), Income Tax, Money, Finance (Industry), wealth, tips, Personal Finance,聽 financial podcast, infinite banking, Self-Directed IRA, Retirement Planning Tips, Retirement Planning, Individual Retirement Account, Investing 101

Nov 04 201949mins
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Distant Replay: Andy Panko

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Tales from the Association provides a unique look into the lives and minds of former NBA players. Today's episode features Andy Panko.
Jan 19 201950mins

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Distant Replay: Andy Panko

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Tales from the Association provides a unique look into the lives and minds of former NBA players. Today's episode features Andy Panko.
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Tales from the Association: Andy Panko

Play
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Tales from the Association provides a unique look into the lives and minds of former NBA players. Today's episode features Andy Panko.
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Episode artwork

Tales from the Association: Andy Panko

Play
Read more
Tales from the Association provides a unique look into the lives and minds of former NBA players. Today's episode features Andy Panko.
Oct 21 201748mins