#175 - Q&A edition...The CAPE ratio and US stock market valuation, good enough vs optimization in retirement planning, tax on foreign stock dividends and MORE!

10/23/2025

Retirement Planning Education, with Andy Panko

0:00

1:02:27

Listener Q&A where Andy talks about:

The CAPE (Cyclically Adjusted Price to Earnings) Ratio as a measure of whether the US stock market is overvalued or undervalued, and drawbacks with the CAPE Ratio ( 4:32 )
The meaning of Benjamin Graham's quote "In the short run, the stock market is a voting machine, but in the long run it's a weighing machine" ( 17:07 )
Helping clients overcome their frugality habits to enjoy more of their deferred spending from their nest eggs ( 19:18 )
Understanding "duration" and what it means in bond funds ( 26:58 )
How Annie Duke's concept of decision making and luck play into retirement planning ( 34:19 )
Balancing between good enough and optimization in retirement planning ( 38:45 )
Tax withholdings and credits on dividends from international stocks, and whether international stocks should be held only in normal brokerage accounts and not qualified accounts like IRAs and Roth IRAs ( 46:50 )
Additional resources in understanding and calculating 72(t) Substantially Equal Period Payments ("SEPP") to avoid the 10% early withdrawal penalty on accessing retirement accounts before 59 1/2 ( 52:20 )
A listener public service announcement about itemizable deductions for casualty losses due to federally declared disasters, and how IRS staffing issues and shutdowns exacerbate the inconvenience of the mandatory 20% federal tax withholding on 401(k) contributions ( 55:19 )

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

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