#044 - Q&A edition...RMDs on inherited IRAs, deducting LTC expenses, planning for unknowns and MORE!

Retirement Planning Education, with Andy Panko

Andy Panko

Roth Conversion, Roth Ira, Education, Social Security, Ira, Taxes, Retirement Planning, Annuities, Pension, Financial Planning, Investing, 401k, Tax Planning

4.9 • 1.1K Ratings

🗓️ 13 October 2022

⏱️ 41 minutes

🔗️ Recording | iTunes | RSS

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Summary

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 yearThe deductibility of long-term care expenses as medical expensesTaxation of selling Restricted Stock Units (“RSUs”)Medicare premium surcharges while your Medicare benefits are suspendedHow to plan for the known knowns, the known unknowns and the unknown unknowns Links in this episode: Facebook group - Retirement Plan...

Transcript

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0:00.0	We got another fun Q&A edition where I'll talk about inherited IRA distributions,
0:04.5	deducting long-term care expenses, planning for unknowns in retirement,
0:08.3	Medicare premium surcharges, and much more in this, the 44th episode of the Retirement Planning Education Podcast.
0:17.5	Welcome to the Retirement Planning Education Podcast, where you can learn all about IRAs and Roth IRAs,
0:23.5	employer retirement plans, taxes, Social Security, Medicare, portfolio withdrawal strategies,
0:29.4	annuities, estate planning, and much more. And now here's your host, Andy Panko.
0:35.4	Hello, everyone. That's me trying to sound British.
0:38.7	Sorry about that.
0:39.6	Welcome.
0:40.1	Welcome back, everyone.
0:41.0	Thank you, as always, for listening.
0:42.4	We have another delicious Q&A edition episode today of the Retirement Planning
0:47.4	Education podcast.
0:48.4	We have four written, sent in questions and one audio question.
0:54.0	Always loves me an audio question so we got some good
0:56.8	ones today let us get into it first we have a question from a bit confused this was the email question
1:04.3	signed by a bit confused uh cool i like it so Confuse asks, I transferred an inherited IRA this year.
1:13.4	I did not take my required minimum distribution until after it was in the new brokerage.
1:17.7	How do I prove that it was transferred and that the distribution from the new account
1:21.1	was for the required minimum distribution?
1:23.9	Do I need a special form for the IRS?
1:27.1	Does the former account send me an IRS 1099 showing it was
	...

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