This work derives analytical solutions for resonances and parametric instabilities of all rotational, translational, and planet modes, regardless of the degeneracy/multiplicity of the natural frequencies, for planetary gears with time-varying mesh stiffness excitation and tooth separation nonlinearity. Degenerate modes are the focus, but the results apply to all modes. For a degenerate mode resonance, use of mesh phasing results and modal properties from the literature reduces a problem with multiple, unknown, coupled modal amplitudes to one with a single unknown modal amplitude. This reduction allows derivation of a closed-form amplitude–frequency relation that is algebraically prohibitive otherwise. The analytical solution reveals important features such as the peak resonant amplitude and tooth contact loss occurrence. An instability suppression rule governs the occurrence or suppression of a potential parametric instability between any two natural frequencies, regardless of their multiplicity. Closed-form instability boundaries that bound the range of mesh frequencies where an unsuppressed parametric instability occurs are derived with and without damping. Counter-intuitively, damping can destabilize a parametric instability between two different natural frequencies by enlarging the instability bandwidth. The critical damping at which a parametric instability is eliminated is determined analytically. For parametric instabilities of a common type, the amplitude of nonlinear response with tooth separation is derived in closed-form. Numerical integration of a planetary gear model verifies all the analytical results. These numerical results also show rich nonlinear behaviors near parametric instabilities such as jump phenomena, period-doubling/halving, and quasi-periodic response.