#184 - Q&A edition...consolidating accounts, tax withholdings vs estimated payments, QLACs, the 4% rule and MORE!

Retirement Planning Education, with Andy Panko

Andy Panko

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

4.9 • 1.1K Ratings

🗓️ 25 December 2025

⏱️ 59 minutes

🔗️ Recording | iTunes | RSS

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Summary

Listener Q&A where Andy talks about: Potential advantages or disadvantages of consolidating retirement accounts ( 4:28 )Paying taxes through IRA withholdings vs making estimated payments ( 13:08 )Whether a minister's housing allowance impacts Affordable Care Act subsidy eligibility ( 26:11 )When Qualified Longevity Annuity Contracts ("QLACs") might make sense to consider ( 30:27 )When following the 4% "rule" for distributions, can you reset your initial distribution if/when your por...

Transcript

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0:00.0	Let's do another Q&A episode. This week I'll be talking about consolidating investment accounts,
0:04.9	tax withholdings versus estimated payments, QLax, more thoughts on the 4% rule and much more
0:09.6	in this, the 184th episode of the Retirement Planning Education Podcast.
0:17.2	Welcome to the Retirement Planning Education Podcast, where you can learn all about IRAs and Roth IRAs, employer retirement plans, taxes, Social Security, Medicare, portfolio withdrawal strategies, annuities, estate planning, and much more.
0:31.9	And now here's your host, Andy Panko.
0:34.7	Hello, everyone. Welcome back. Thank you as always for listening.
0:38.2	I'm glad you're here.
0:39.3	So today is the fourth Thursday of the month, well, at least the day on which this
0:44.0	episode comes out, is the fourth Thursday of the month, which coincidentally is Christmas.
0:49.5	So Merry Christmas to all those of you who hear this first go around on Thursday, December 25th, 2025.
0:58.3	And so since it is a fourth Thursday, it is a Q&A episode, which is the cadence for these shows.
1:04.6	First Thursday of the month is me doing a deep dive.
1:06.8	Second Thursday of the month is me having on another advisor talking about something else with that other advisor and third Thursday is a real person episode
1:14.3	Excuse me fourth Thursday is a Q&A and if there is a fifth Thursday in a month it's sort of anything goes and figure it out at the time
1:22.2	Given the day it is today when this comes out
1:24.3	I have a a joke for you and it goes a little something like,
1:28.3	why are candy canes so expensive? Because they are mint condition. Yeah. And what do you call
1:35.3	Santa with no money? St. Nickel less, because dude's got no nickels. Maybe not even penny.
1:41.2	Pennies are going away, I think, actually. I don't know if that's factual, but I feel like I've read or heard in the last few months
1:47.8	that pennies apparently might be going the way of the dodo bird, as some folks say.
1:53.6	And my big goofy smile moment of the week is two nights ago.
1:58.3	So it is Saturday, December 20th as I'm recording this.
	...

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