#135 - Q&A edition...understanding financial advisor's titles, repeal of Social Security WEP & GPO, umbrella insurance and MORE!

Retirement Planning Education, with Andy Panko

Andy Panko

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

2.4 • 671 Ratings

🗓️ 23 January 2025

⏱️ 57 minutes

🔗️ Recording | iTunes | RSS

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Summary

Listener Q&A where Andy talks about: What it means between an advisor who calls themself a financial planner vs wealth manager vs any other label they choose to use ( 10:24 )My thoughts on the recently repealed Windfall Elimination Provision ("WEP") and Government Pension Offset ("GPO") parts of Social Security ( 20:35 )A follow up to a previously discussed Q&A topic about how much umbrella insurance to purchase ( 31:18 )How income is taxed to a recently deceased person vs their...

Transcript

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0:00.0	It is time for another Q&A episode where today I'll talk about the differences in titles financial advisors give themselves.
0:05.8	My thoughts on the recent repeal of the Web and GPO provisions of Social Security.
0:10.0	A follow-up about the previous question of how much umbrella insurance to have,
0:13.9	some comments about how things are taxed in the year of someone's death,
0:16.8	and much more in this, the 135th episode of the Retirement Planning Education Podcast.
0:25.2	Welcome to the Retirement Planning Education Podcast, where you can learn all about IRAs and Roth IRAs,
0:31.3	employer retirement plans, taxes, Social Security, Medicare, portfolio withdrawal strategies,
0:37.1	annuities, estate planning, and much more.
0:40.0	And now here's your host, Andy Panko.
0:42.9	Hello, friends. Welcome back. Thank you, as always, for listening. Today is another
0:46.8	Q&A or question and answer episode. Or I guess sometimes it's more like question and musings and ruminations and rambling.
0:56.3	So I'll be what, Q and M and R and whatever?
1:00.7	There I go already.
1:01.8	Thank you for listening.
1:03.1	Today we have some great questions sent in, and I picked one or two from the Facebook group.
1:08.7	But before we get into it,
1:12.1	I just want to let you know.
1:17.1	Observation I had was that the adjective for metal is metallic,
1:19.3	but not so for iron,
1:22.3	which is ironic, right?
1:23.6	That's less of a joke,
1:24.2	and more of like,
	...

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