#118 - Q&A edition...Itemized sales tax deductions, pension vs lump sum, surviving spouse tax increases and MORE!

9/26/2024

Retirement Planning Education, with Andy Panko

0:00

49:10

Listener Q&A where Andy talks about:

Itemizing sales taxes on Schedule A of your tax return, particularly when living in two states during the year ( 6:30 )
Considerations when deciding between taking a pension or its lump sum ( 11:51 )
Should a recently widowed person take advantage of their last year of Married Filing Joint tax brackets and do a large Roth conversion or IRA distribution ( 25:03 )
Understanding the pro rata rule when doing a Roth conversion when you have multiple IRAs and a 401(k) ( 31:40 )
How the IRS knows if you didn't take Required Minimum Distributions ("RMDs") when you were supposed to ( 37:02 )
How to ensure your Treasury interest received (including when received indirectly through a money market mutual fund) is properly reported as tax-free on your state tax return ( 41:36 )

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

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