Joe Knows Retirement

Most retirees think a pension guarantees financial security forever… but what if inflation quietly cuts the value of your pension in half over retirement? In today's episode of Joe Knows Retirement, Joe breaks down one of the biggest hidden risks facing retirees with pensions: inflation risk. Even if you have a generous pension and over $1 million saved, failing to plan properly could force you to rely far more heavily on your investments later in retirement. 🎥 Subscribe to our YouTube channel: https://bit.ly/430T9Lv 📚Get a FREE copy of Joe's book "2% Club": https://keap.page/bsd964/2-percent-toolkit-podcast.html 🟥 Read our latest article featured in Kiplinger: https://www.kiplinger.com/retirement/retirement-planning/are-you-being-tax-smart-about-your-pension 📞 Schedule a call with our team: https://peakretirementplanning.com/schedule-a-meeting/

If you have a pension and $1M+ saved, your retirement planning is completely different… and one wrong move could cost you six figures. In this video, Joe breaks down the 7 critical strategies every pension holder needs to understand to avoid overpaying taxes, maximize income, and protect their spouse and legacy. Most retirees don't realize that having a pension can actually push them into higher taxes, higher Medicare costs, and forced withdrawals later on. But with the right plan, you can turn this into a massive advantage. 🎥 Subscribe to our YouTube channel: https://bit.ly/430T9Lv 📚Get a FREE copy of Joe's book "2% Club": https://keap.page/bsd964/2-percent-toolkit-podcast.html 🟥 Read our latest article featured in Kiplinger: https://www.kiplinger.com/retirement/reasons-roth-conversions-and-pensions-work-well-together 📞 Schedule a call with our team: https://peakretirementplanning.com/schedule-a-meeting/

If you're retiring with a pension and $1M+ saved, retirement isn't all sunshine and rainbows. In today's video, Joe breaks down the 5 worst things about retirement that we see from real clients every day. These are the hidden risks that can quietly cost you thousands in taxes, healthcare, and missed opportunities if you don't plan ahead. 🎥 Subscribe to our YouTube channel: https://bit.ly/430T9Lv 📚Get a FREE copy of Joe's book "2% Club": https://keap.page/bsd964/2-percent-toolkit-podcast.html 🟥 Read our latest article featured in Kiplinger: https://www.kiplinger.com/retirement/if-not-long-term-care-insurance-then-what 📞 Schedule a call with our team: https://peakretirementplanning.com/schedule-a-meeting/

If you have a pension and over $1M saved, your retirement taxes could be MUCH higher than you expect. Most people are told they will be in a lower tax bracket in retirement, but for high earners and diligent savers, that is often completely wrong. In this video, Joe breaks down the biggest retirement tax traps and what you can do NOW to avoid overpaying the IRS later. 🎥 Subscribe to our YouTube channel: https://bit.ly/430T9Lv 📚Get a FREE copy of Joe's book "I Hate Taxes":  https://keap.page/bsd964/toolkit-podcast.html 🟥 Read our latest article featured in Kiplinger: https://www.kiplinger.com/taxes/tax-planning/who-hates-taxes-the-best-time-to-plan-for-taxes-is-now 📞 Schedule a call with our team: https://peakretirementplanning.com/schedule-a-meeting/

If you're 60 years old with $1 million saved and a pension, are you actually ready to retire? In this video, Joe breaks down a real scenario and shows you exactly how retirement could work in your favor or completely fall apart depending on ONE key factor. Most people think $1M is enough, but they miss the bigger picture. 🎥 Subscribe to our YouTube channel: https://bit.ly/430T9Lv 📚Get a FREE copy of Joe's book "2% Club": https://keap.page/bsd964/2-percent-toolkit-podcast.html 🟥 Read our latest article featured in Kiplinger: https://www.kiplinger.com/taxes/tax-planning/what-being-in-the-2-percent-club-means-for-your-retirement 📞 Schedule a call with our team: https://peakretirementplanning.com/schedule-a-meeting/

If you have a pension and $1M+ saved, a Roth conversion could be one of the biggest financial decisions of your retirement, but most people do it WRONG. In this video, Joe breaks down the 7 critical questions you MUST ask before doing a Roth conversion so you don't overpay in taxes or miss massive opportunities. Most retirees assume they'll be in a lower tax bracket, but for Midwestern Millionaires with pensions, that's rarely the case. Between Social Security, RMDs, and pensions, your taxes could actually go UP in retirement. 🎥 Subscribe to our YouTube channel: https://bit.ly/430T9Lv 📚Get a FREE copy of Joe's book "I Hate Taxes":  https://keap.page/bsd964/toolkit-podcast.html 🟥 Read our latest article featured in Kiplinger: https://www.kiplinger.com/retirement/reasons-roth-conversions-and-pensions-work-well-together 📞 Schedule a call with our team: https://peakretirementplanning.com/schedule-a-meeting/

If you're nearing retirement or already there, these are the 10 biggest questions you NEED to answer before it's too late. In this episode, Joe breaks down the exact concerns we hear from thousands of retirees, especially those with a pension and $1M+ saved. From when to retire, to how much you can safely spend, to tax strategies that could save you thousands, this is the roadmap most people wish they had sooner. 🎥 Subscribe to our YouTube channel: https://bit.ly/430T9Lv 📚Get a FREE copy of Joe's book "2% Club": https://keap.page/bsd964/2-percent-toolkit-podcast.html 🟥 Read our latest article featured in Kiplinger: https://www.kiplinger.com/retirement/happy-retirement/spend-your-retirement-nest-egg-and-drop-the-guilt 📞 Schedule a call with our team: https://peakretirementplanning.com/schedule-a-meeting/

Are you the best saver but the worst spender in retirement? If you've built up $1M+ and have a pension, you might be what we call a "Midwestern Millionaire," those who are hardworking, frugal, and struggle to enjoy their money. In this video, Joe breaks down the real reason retirees hesitate to spend and how to fix it before it's too late. 🎥 Subscribe to our YouTube channel: https://bit.ly/430T9Lv 📚Get a FREE copy of Joe's book "Midwestern Millionaire": https://keap.page/bsd964/midwestern-millionaire-toolkit-podcast.html  🟥 Read our latest article featured in Kiplinger: https://www.kiplinger.com/retirement/happy-retirement/spend-your-retirement-nest-egg-and-drop-the-guilt 📞 Schedule a call with our team: https://peakretirementplanning.com/schedule-a-meeting/

Are you stuck in "pension jail"… or sitting on a million-dollar opportunity? In today's video, Joe breaks down a real-life case study of someone facing one of the hardest retirement decisions out there: Walk away now and enjoy life, or stay for a massive pension boost. 🎥 Subscribe to our YouTube channel: https://bit.ly/430T9Lv 📚Get a FREE copy of Joe's book "2% Club": https://keap.page/bsd964/2-percent-toolkit-podcast.html 🟥 Read our latest article featured in Kiplinger: https://www.kiplinger.com/retirement/retirement-planning/are-you-being-tax-smart-about-your-pension 📞 Schedule a call with our team: https://peakretirementplanning.com/schedule-a-meeting/

If you're nearing retirement or already there, these are the 10 biggest questions you NEED to answer before it's too late. In this episode, Joe breaks down the exact concerns we hear from thousands of retirees, especially those with a pension and $1M+ saved. From when to retire, to how much you can safely spend, to tax strategies that could save you thousands, this is the roadmap most people wish they had sooner. 🎥 Subscribe to our YouTube channel: https://bit.ly/430T9Lv 📚Get a FREE copy of Joe's book "I Hate Taxes":  https://keap.page/bsd964/toolkit-podcast.html 🟥 Read our latest article featured in Kiplinger: https://www.kiplinger.com/taxes/tax-planning/reducing-lifetime-taxes-for-retirees-in-two-percent-club 📞 Schedule a call with our team: https://peakretirementplanning.com/schedule-a-meeting/

Most retirees think they're doing everything right… until it's too late. After working with thousands of people in their 60s with pensions and $1M+ saved, we consistently hear the SAME 5 regrets over and over again. In this video, Joe breaks down the biggest retirement mistakes wealthy retirees wish they could undo and how YOU can avoid them while there's still time. 🎥 Subscribe to our YouTube channel: https://bit.ly/430T9Lv 📚Get a FREE copy of Joe's book "2% Club": https://keap.page/bsd964/2-percent-toolkit-podcast.html 🟥 Read our latest article featured in Kiplinger: https://www.kiplinger.com/retirement/happy-retirement/spend-your-retirement-nest-egg-and-drop-the-guilt 📞 Schedule a call with our team: https://peakretirementplanning.com/schedule-a-meeting/

When should you take Social Security if you have a pension and solid savings? The answer is not as simple as you think. In this video, Joe breaks down the 3 biggest factors that determine the best time to take Social Security so you don't leave thousands on the table. If you're a diligent saver with a pension, your strategy is completely different than most retirees. 🎥 Subscribe to our YouTube channel: https://bit.ly/430T9Lv 📚Get a FREE copy of Joe's book "2% Club": https://keap.page/bsd964/2-percent-toolkit-podcast.html 🟥 Read our latest article featured in Kiplinger: https://www.kiplinger.com/retirement/social-security-benefits-when-you-should-start-depends 📞 Schedule a call with our team: https://peakretirementplanning.com/schedule-a-meeting/

Everyone wants to save $1 million in taxes… but what if that's not the full story? In today's episode, Joe breaks down one of the biggest myths in retirement planning and shows you what Roth conversions really do for your wealth. 🎥 Subscribe to our YouTube channel: https://bit.ly/430T9Lv 📚Get a FREE copy of Joe's book "I Hate Taxes":  https://keap.page/bsd964/toolkit-podcast.html 🟥 Read our latest article featured in Kiplinger: https://www.kiplinger.com/retirement/reasons-roth-conversions-and-pensions-work-well-together 📞 Schedule a call with our team: https://peakretirementplanning.com/schedule-a-meeting/

If you've worked 30 to 40 years, built a pension, and saved $1M+, you're in a rare position, but also a risky one if you choose the wrong advisor. In this video, Joe breaks down the most important questions you MUST ask before trusting a financial advisor. These are the exact questions high-net-worth retirees and Midwestern Millionaires use to avoid costly mistakes. 🎥 Subscribe to our YouTube channel: https://bit.ly/430T9Lv 📚Get a FREE copy of Joe's book "Peak Retirement Planning":  https://keap.page/bsd964/5-pillars-toolkit-podcast.html 🟥 Read our latest article featured in Kiplinger: https://www.kiplinger.com/retirement/hire-a-financial-planning-firm-questions-to-ask 📞 Schedule a call with our team: https://peakretirementplanning.com/schedule-a-meeting/

If you have a pension and $1M+ saved, your retirement planning is completely different than most people. In this video, Joe breaks down the 3 key pillars of pension planning that high-income retirees MUST get right to avoid costly mistakes. From hidden tax traps to investment missteps and estate planning gaps, these strategies could save you hundreds of thousands of dollars over your lifetime. 🎥 Subscribe to our YouTube channel: https://bit.ly/430T9Lv 📚Get a FREE copy of Joe's book "Midwestern Millionaire": https://keap.page/bsd964/midwestern-millionaire-toolkit-podcast.html  🟥 Read our latest article featured in Kiplinger: https://www.kiplinger.com/retirement/retirement-planning/are-you-being-tax-smart-about-your-pension 📞 Schedule a call with our team: https://peakretirementplanning.com/schedule-a-meeting/

Most financial advisors sound great, but that doesn't mean they're actually giving you the right advice. In today's episode of Joe Knows Retirement, Joe breaks down a real client story where another firm made recommendations that raised serious concerns. From pushing products too early, to high fees, to lack of real tax planning, this is what you NEED to watch out for. 🎥 Subscribe to our YouTube channel: https://bit.ly/430T9Lv 📚Get a FREE copy of Joe's book "2% Club": https://keap.page/bsd964/2-percent-toolkit-podcast.html 🟥 Read our latest article featured in Kiplinger: https://www.kiplinger.com/retirement/why-some-financial-planners-avoid-tax-planning 📞 Schedule a call with our team: https://peakretirementplanning.com/schedule-a-meeting/

If you have a pension and $1 million saved, you might be sitting on far more wealth than you realize. In this video, Joe breaks down why many retirees in this situation end up with way more money than they ever expected and more importantly, why that can actually become a problem. 🎥 Subscribe to our YouTube channel: https://bit.ly/430T9Lv 📚Get a FREE copy of Joe's book "Midwestern Millionaire": https://keap.page/bsd964/midwestern-millionaire-toolkit-podcast.html  🟥 Read our latest article featured in Kiplinger: https://www.kiplinger.com/retirement/happy-retirement/spend-your-retirement-nest-egg-and-drop-the-guilt 📞 Schedule a call with our team: https://peakretirementplanning.com/schedule-a-meeting/

If you have a pension and $1M+ saved, you might be asking the wrong question… It's not "Do I have enough?" It's "What should I do with all of it?" In today's episode, Joe breaks down exactly how to run your numbers, what your pension is really worth, and why most retirees in this position end up with MORE money than they ever expected. He'll also cover key strategies around tax planning, Roth conversions, and how to actually enjoy your retirement without regret. 🎥 Subscribe to our YouTube channel: https://bit.ly/430T9Lv 📚Get a FREE copy of Joe's book "2% Club": https://keap.page/bsd964/2-percent-toolkit-podcast.html 🟥 Read our latest article featured in Kiplinger: https://www.kiplinger.com/retirement/comfortable-retirement-how-much-do-you-need 📞 Schedule a call with our team: https://peakretirementplanning.com/schedule-a-meeting/

If you're a widow or planning ahead for your spouse, this is one of the most important retirement videos you'll watch. There are 4 shocking stats that most people don't realize until it's too late, and they can cost you thousands in taxes, lost income, and poor financial decisions. 🎥 Subscribe to our YouTube channel: https://bit.ly/430T9Lv 📚Get a FREE copy of Joe's book "I Hate Taxes":  https://keap.page/bsd964/toolkit-podcast.html 🟥 Read our latest article featured in Kiplinger: https://www.kiplinger.com/taxes/widows-penalty-how-to-prepare 📞 Schedule a call with our team: https://peakretirementplanning.com/schedule-a-meeting/

If you've saved $1M+ and still struggle to spend… this video is for you. Most retirees we work with are what we call "Midwestern Millionaires:" hardworking, disciplined savers who did everything right, but now can't enjoy their money. And that leads to one of the biggest regrets in retirement: Not running out of money… but running out of life. In this video, Joe breaks down the 4 things you can do with your money so you can stop over-saving and start living with purpose, confidence, and freedom. 🎥 Subscribe to our YouTube channel: https://bit.ly/430T9Lv 📚Get a FREE copy of Joe's book "Midwestern Millionaire": https://keap.page/bsd964/midwestern-millionaire-toolkit-podcast.html  🟥 Read our latest article featured in Kiplinger: https://www.kiplinger.com/retirement/happy-retirement/spend-your-retirement-nest-egg-and-drop-the-guilt 📞 Schedule a call with our team: https://peakretirementplanning.com/schedule-a-meeting/

If your advisor isn't doing tax planning AND tax prep… you may be leaving thousands on the table. In today's episode of Joe Knows Retirement, Joe breaks down why most advisors don't offer full-service planning and what that means for YOU. Too many retirees are paying a 1% fee for investment management only… while missing out on tax strategies, Roth conversions, and coordinated planning that could dramatically improve their retirement. 🎥 Subscribe to our YouTube channel: https://bit.ly/430T9Lv 📚Get a FREE copy of Joe's book "2% Club": https://keap.page/bsd964/2-percent-toolkit-podcast.html 🟥 Read our latest article featured in Kiplinger: https://www.kiplinger.com/retirement/why-some-financial-planners-avoid-tax-planning 📞 Schedule a call with our team: https://peakretirementplanning.com/schedule-a-meeting/

If you have a pension and have saved $1 million or more, your retirement is very different than most people… and most advice out there simply doesn't apply to you. In today's episode, Joe breaks down the 4 biggest retirement considerations for those with pensions so you can avoid costly mistakes and make smarter decisions with your life savings. 🎥 Subscribe to our YouTube channel: https://bit.ly/430T9Lv 📚Get a FREE copy of Joe's book "2% Club": https://keap.page/bsd964/2-percent-toolkit-podcast.html 🟥 Read our latest article featured in Kiplinger: https://www.kiplinger.com/retirement/retirement-planning/are-you-being-tax-smart-about-your-pension 📞 Schedule a call with our team: https://peakretirementplanning.com/schedule-a-meeting/

If your financial advisor is telling you certain things… it might be a HUGE red flag. In today's episode, Joe breaks down the exact phrases and strategies that expose advisors who don't actually work with high-net-worth clients. Because here's the truth: Most advisors focus on investment management and sales… NOT comprehensive retirement planning. And if you have a pension and $1M+ saved, that can cost you hundreds of thousands in taxes, missed strategies, and poor planning decisions. 🎥 Subscribe to our YouTube channel: https://bit.ly/430T9Lv 📚Get a FREE copy of Joe's book "2% Club": https://keap.page/bsd964/2-percent-toolkit-podcast.html 🟥 Read our latest article featured in Kiplinger: https://www.kiplinger.com/personal-finance/is-your-financial-adviser-doing-a-good-job-for-you 📞 Schedule a call with our team: https://peakretirementplanning.com/schedule-a-meeting/

Most retirees are paying little to NO federal taxes… so why are YOU paying so much? In this episode of Joe Knows Retirement, Joe breaks down the shocking truth behind why 80% of retirees avoid taxes and why high savers with pensions and $1M+ often end up paying MORE instead. If you've done everything right… saved diligently… built a pension… and now feel like you're being penalized, this video is for you. 🎥 Subscribe to our YouTube channel: https://bit.ly/430T9Lv 📚Get a FREE copy of Joe's book "I Hate Taxes":  https://keap.page/bsd964/toolkit-podcast.html 🟥 Read our latest article featured in Kiplinger: https://www.kiplinger.com/taxes/tax-planning/who-hates-taxes-the-best-time-to-plan-for-taxes-is-now 📞 Schedule a call with our team: https://peakretirementplanning.com/schedule-a-meeting/

If you're planning to take income from your investments in retirement, this could be one of the biggest risks you'll ever face… It's called sequence of returns risk, and it has the potential to completely derail even the best retirement plans. If you're a Midwestern Millionaire with a pension and $1M+ saved, this is critical to understand. The goal isn't just to retire… it's to maximize your income, minimize risk, and keep more of your money working for you. 🎥 Subscribe to our YouTube channel: https://bit.ly/430T9Lv 📚Get a FREE copy of Joe's book "2% Club": https://keap.page/bsd964/2-percent-toolkit-podcast.html 🟥 Read our latest article featured in Kiplinger: https://www.kiplinger.com/taxes/tax-planning/reducing-lifetime-taxes-for-retirees-in-two-percent-club 📞 Schedule a call with our team: https://peakretirementplanning.com/schedule-a-meeting/

If you have a pension, there's a high chance up to 85% of your Social Security could be taxable… and most retirees don't see this coming. If you're a diligent saver with a pension and $1M+ saved, this is one of the biggest tax traps you need to understand before retirement. 🎥 Subscribe to our YouTube channel: https://bit.ly/430T9Lv 📚Get a FREE copy of Joe's book "2% Club": https://keap.page/bsd964/2-percent-toolkit-podcast.html 🟥 Read our latest article featured in Kiplinger: https://www.kiplinger.com/retirement/will-you-pay-taxes-on-your-social-security-benefits 📞 Schedule a call with our team: https://peakretirementplanning.com/schedule-a-meeting/

If you have a pension and $1M+ saved, Roth conversions aren't just about if… they're about WHEN and HOW MUCH. In today's episode of Joe Knows Retirement, Joe breaks down 5 critical Roth conversion mistakes that could quietly cost you thousands in taxes, higher Medicare premiums, and lost retirement income. Most retirees assume they'll be in a lower tax bracket… but if you have a pension, that's often NOT the case. 🎥 Subscribe to our YouTube channel: https://bit.ly/430T9Lv 📚Get a FREE copy of Joe's book "I Hate Taxes":  https://keap.page/bsd964/toolkit-podcast.html 🟥 Read our latest article featured in Kiplinger: https://www.kiplinger.com/retirement/reasons-roth-conversions-and-pensions-work-well-together 📞 Schedule a call with our team: https://peakretirementplanning.com/schedule-a-meeting/

If you have a pension or $1 million saved for retirement, you could be walking straight into a massive tax problem… without even realizing it. Joe breaks down the 2 types of retirees who get hit hardest by taxes and why the old belief that you'll be in a lower tax bracket in retirement may not apply to you. If you've been a diligent saver, built up your nest egg, or have guaranteed income like a pension, your retirement may look very different than most people. And without the right strategy, you could end up paying far more to Uncle Sam than necessary. 🎥 Subscribe to our YouTube channel: https://bit.ly/430T9Lv 📚Get a FREE copy of Joe's book "2% Club": https://keap.page/bsd964/2-percent-toolkit-podcast.html 🟥 Read our latest article featured in Kiplinger: https://www.kiplinger.com/taxes/tax-planning/reducing-lifetime-taxes-for-retirees-in-two-percent-club 📞 Schedule a call with our team: https://peakretirementplanning.com/schedule-a-meeting/

Most retirees think their biggest fear is running out of money. But for many of the people we work with, that's actually not the real concern. If you have a pension and $1M+ saved, chances are you're already in a great financial position. The real question becomes something much deeper: Are you worried about running out of life before you actually enjoy the money you worked 30 or 40 years to save? In this video, Joe breaks down a powerful concept we discuss with many of our clients who fit the Midwestern Millionaire profile. These are diligent savers who did everything right but often struggle to transition from saving money to actually using it. 🎥 Subscribe to our YouTube channel: https://bit.ly/430T9Lv 📚Get a FREE copy of Joe's book "2% Club": https://keap.page/bsd964/2-percent-toolkit-podcast.html 🟥 Read our latest article featured in Kiplinger: https://www.kiplinger.com/retirement/happy-retirement/spend-your-retirement-nest-egg-and-drop-the-guilt 📞 Schedule a call with our team: https://peakretirementplanning.com/schedule-a-meeting/

If you're thinking about moving to another state in retirement, there are 5 major things you need to consider before making the decision. Many retirees focus only on taxes, but that's just one piece of the puzzle. Your quality of life, proximity to family, Roth conversion strategy, and estate planning can all dramatically impact your retirement. Joe breaks down the same checklist we walk through with our clients who are considering relocating in retirement. If you have a pension and $1M+ saved, these decisions become even more important because your taxes, income strategy, and legacy planning can change significantly depending on where you live. 🎥 Subscribe to our YouTube channel: https://bit.ly/430T9Lv 📚Get a FREE copy of Joe's book "2% Club": https://keap.page/bsd964/2-percent-toolkit-podcast.html 🟥 Read our latest article featured in Kiplinger: https://www.kiplinger.com/taxes/tax-planning/who-hates-taxes-the-best-time-to-plan-for-taxes-is-now 📞 Schedule a call with our team: https://peakretirementplanning.com/schedule-a-meeting/

What should you do with your 401(k) when you retire? After working for 30 or 40 years and saving diligently, many retirees reach the same question: should you leave your 401(k) where it is or move it to an IRA? In today's episode, Joe walks through the four key things every retiree must understand before making this decision. Getting this wrong could cost you thousands in missed opportunities, higher taxes, or poor investment flexibility. 🎥 Subscribe to our YouTube channel: https://bit.ly/430T9Lv 📚Get a FREE copy of Joe's book "2% Club": https://keap.page/bsd964/2-percent-toolkit-podcast.html 🟥 Read our latest article featured in Kiplinger: https://www.kiplinger.com/retirement/should-you-move-your-401k-to-an-ira-at-age-59 📞 Schedule a call with our team: https://peakretirementplanning.com/schedule-a-meeting/

Roth conversions can be one of the most powerful tax strategies for retirees. But we constantly see people avoid them because of a few common myths. If you have a pension and have saved $1 million or more for retirement, these misconceptions could cost you a lot in unnecessary taxes over time. Joe breaks down three of the biggest Roth conversion myths we hear from retirees and pre-retirees. Understanding these could help you make a much smarter decision about when and how much to convert. If you want to reduce lifetime taxes, protect your retirement income, and plan more efficiently around pensions, Social Security, and RMDs, this is a strategy you should understand. 🎥 Subscribe to our YouTube channel: https://bit.ly/430T9Lv 📚Get a FREE copy of Joe's book "I Hate Taxes":  https://keap.page/bsd964/toolkit-podcast.html 🟥 Read our latest article featured in Kiplinger: https://www.kiplinger.com/retirement/reasons-roth-conversions-and-pensions-work-well-together 📞 Schedule a call with our team: https://peakretirementplanning.com/schedule-a-meeting/

If you recently inherited an IRA or expect to receive one in the future, there are some major tax mistakes you need to avoid. Many retirees assume they can treat an inherited IRA just like their own retirement account. Unfortunately, the rules are very different, and making the wrong move could cost you thousands in unnecessary taxes. In today's episode of Joe Knows Retirement, Joe walks through 7 key strategies to help you handle an inherited IRA the right way, especially if you're part of the group we often work with: retirees who have pensions and $1M or more saved. If you're a diligent saver, a pension holder, or what we call a Midwestern Millionaire, these planning decisions can make a huge difference in your retirement strategy. 🎥 Subscribe to our YouTube channel: https://bit.ly/430T9Lv 📚Get a FREE copy of Joe's book "2% Club": https://keap.page/bsd964/2-percent-toolkit-podcast.html 🟥 Read our latest article featured in Kiplinger: https://www.kiplinger.com/retirement/tax-planning-strategies-if-you-have-a-million-dollars 📞 Schedule a call with our team: https://peakretirementplanning.com/schedule-a-meeting/

If you have a pension and $1 million or more saved, Required Minimum Distributions (RMDs) could become one of the biggest tax challenges in your retirement. Most people are told they'll be in a lower tax bracket in retirement. But for those with pensions, Social Security, and large retirement accounts, the opposite is often true. Joe breaks down why prepaying your RMDs could actually be a powerful tax strategy and how it can help you. If you fall into the group of retirees with a pension and significant savings, your planning is different than most people. The strategies discussed here could potentially save tens or even hundreds of thousands in taxes over your lifetime. 🎥 Subscribe to our YouTube channel: https://bit.ly/430T9Lv 📚Get a FREE copy of Joe's book "I Hate Taxes":  https://keap.page/bsd964/toolkit-podcast.html 🟥 Read our latest article featured in Kiplinger: https://www.kiplinger.com/retirement/retirement-plans/required-minimum-distributions-rmds/604645/alternatives-to-required 📞 Schedule a call with our team: https://peakretirementplanning.com/schedule-a-meeting/

If you have a pension and serious savings, your retirement planning needs to be different. What works for most people can actually cost you hundreds of thousands in taxes and missed opportunities. In this video, Joe walks through a 7-point retirement checklist specifically designed for those with a pension and significant assets. This is advanced planning focused on taxes, income strategy, and protecting your spouse and family long term. If you are frugal, have Midwestern values, and want to retire with confidence while avoiding costly mistakes, this checklist is for you. 🎥 Subscribe to our YouTube channel: https://bit.ly/430T9Lv 📚Get a FREE copy of Joe's book "2% Club": https://keap.page/bsd964/2-percent-toolkit-podcast.html 🟥 Read our latest article featured in Kiplinger: https://www.kiplinger.com/retirement/retiring-with-a-pension-what-to-know 📞 Schedule a call with our team: https://peakretirementplanning.com/schedule-a-meeting/

If you have a pension and serious savings, this new tax law could be one of the biggest retirement opportunities you'll ever see. In this episode of Joe Knows Retirement, Joe breaks down three powerful strategies inside the One Big Beautiful Bill that can help retirees keep more of their hard-earned money and avoid massive tax mistakes. If you are in or near retirement and want to maximize your income, protect your spouse, and reduce taxes long term, this is a must-watch. 🎥 Subscribe to our YouTube channel: https://bit.ly/430T9Lv 📚Get a FREE copy of Joe's book "2% Club": https://keap.page/bsd964/2-percent-toolkit-podcast.html 🟥 Read our latest article featured in Kiplinger: https://www.kiplinger.com/taxes/tax-planning/tax-saving-opportunities-in-the-one-big-beautiful-bill-obbb 📞 Schedule a call with our team: https://peakretirementplanning.com/schedule-a-meeting/

If you have a pension, Social Security, and $1 million or more saved, you are in a rare group of retirees. You did everything right. But when all three income sources start working together, taxes, RMDs, Medicare premiums, and Social Security taxation can quietly explode if you do not plan correctly. In this episode, Joe breaks down the three-legged stool of retirement income and explains why high income retirees often pay more taxes in retirement than they ever expected. If you are a disciplined saver with Midwest values and a pension, this episode is for you. 🎥 Subscribe to our YouTube channel: https://bit.ly/430T9Lv 📚Get a FREE copy of Joe's book "2% Club": https://keap.page/bsd964/2-percent-toolkit-podcast.html 🟥 Read our latest article featured in Kiplinger: https://www.kiplinger.com/retirement/will-you-pay-taxes-on-your-social-security-benefits 📞 Schedule a call with our team: https://peakretirementplanning.com/schedule-a-meeting/

If you already have a pension, you may already own the best income annuity there is and you might not need another one. In this video, Joe breaks down why pensions act like built in income annuities, when buying an income annuity is usually unnecessary, and the one specific situation where it could actually make sense. If you have a pension and want to avoid overpaying for income you already have, this is a must watch. 🎥 Subscribe to our YouTube channel: https://bit.ly/430T9Lv 📚Get a FREE copy of Joe's book "2% Club": https://keap.page/bsd964/2-percent-toolkit-podcast.html 🟥 Read our latest article featured in Kiplinger: https://www.kiplinger.com/taxes/tax-planning/what-being-in-the-2-percent-club-means-for-your-retirement 📞 Schedule a call with our team: https://peakretirementplanning.com/schedule-a-meeting/

Midwestern Millionaires do not look flashy, but they retire financially secure. In this episode of Joe Knows Retirement, Joe breaks down 60 real habits Midwestern Millionaires use to save more, waste less, and build lasting financial freedom. These are not extreme strategies. They are simple, practical decisions real retirees make every day that quietly compound over decades. Watch until the end and comment how many of these you actually do. 🎥 Subscribe to our YouTube channel: https://bit.ly/430T9Lv 📚Get a FREE copy of Joe's book "Midwestern Millionaire": https://keap.page/bsd964/midwestern-millionaire-toolkit-podcast.html  🟥 Read our latest article featured in Kiplinger: https://www.kiplinger.com/retirement/if-you-are-a-millionaire-you-may-be-a-terrible-spender 📞 Schedule a call with our team: https://peakretirementplanning.com/schedule-a-meeting/

Most retirees guess when to do Roth conversions and that mistake can cost hundreds of thousands in unnecessary taxes. In this video, Joe explains why Roth conversions are not about if you should do them, but when and how fast you should act. This is especially important if you have a pension, over one million saved, or expect higher income later in retirement. Joe breaks down the current tax window, retirement gap years, required minimum distributions, and how pensions and Social Security timing impact your Roth strategy. This is a must watch if you hate taxes and want more control and flexibility in retirement. 🎥 Subscribe to our YouTube channel: https://bit.ly/430T9Lv 📚Get a FREE copy of Joe's book "2% Club": https://keap.page/bsd964/2-percent-toolkit-podcast.html 🟥 Read our latest article featured in Kiplinger: https://www.kiplinger.com/retirement/reasons-roth-conversions-and-pensions-work-well-together 📞 Schedule a call with our team: https://peakretirementplanning.com/schedule-a-meeting/

If you have a pension and a large 401k balance, you could be sitting on a massive tax problem in retirement without even realizing it. In this video, Joe breaks down why the traditional advice of deferring taxes can backfire for high savers and walks through seven practical strategies you can start using today to reduce taxes, control income, and protect your retirement. We cover why most people with pensions are not in a lower tax bracket in retirement, how Roth strategies can create flexibility, and how smart planning around Social Security, pensions, and investments can save you hundreds of thousands over time. If you hate taxes, have done a great job saving, and want to make sure Uncle Sam does not get more than his fair share, this episode is for you. 🎥 Subscribe to our YouTube channel: https://bit.ly/430T9Lv 📚Get a FREE copy of Joe's book "I Hate Taxes":  https://keap.page/bsd964/toolkit-podcast.html 🟥 Read our latest article featured in Kiplinger: https://www.kiplinger.com/retirement/keep-your-401k-when-you-retire 📞 Schedule a call with our team: https://peakretirementplanning.com/schedule-a-meeting/

Most people overthink retirement when what they really need are a few smart fixes they can implement right now. In this episode of Joe Knows Retirement, Joe breaks down 10 quick retirement fixes you can take action on immediately. These are real strategies our clients use to reduce taxes, improve income efficiency, and avoid costly retirement mistakes. If you have a pension, are a diligent saver, or fall into what we call the Midwestern Millionaire mindset, this episode is especially for you. 🎥 Subscribe to our YouTube channel: https://bit.ly/430T9Lv 📚Get a FREE copy of Joe's book "2% Club": https://keap.page/bsd964/2-percent-toolkit-podcast.html 🟥 Read our latest article featured in Kiplinger: https://www.kiplinger.com/retirement/retiring-with-a-pension-what-to-know 📞 Schedule a call with our team: https://peakretirementplanning.com/schedule-a-meeting/

If you have a pension and $1 Million or more saved, taxes will likely be the biggest expense of your retirement. In this video, Joe breaks down 10 critical tax planning mistakes retirees with pensions often make and what to do instead. You will learn why today's tax environment is a rare opportunity, how required minimum distributions can become a tax bomb, why Social Security is often fully taxable for pension holders, and how Roth conversions can reduce lifetime taxes for you and your spouse. This episode is based on Joe's book "I Hate Taxes" and is designed for diligent savers who want to pay their fair share and not a penny more. If you are planning retirement with a pension, this is a must watch. 🎥 Subscribe to our YouTube channel: https://bit.ly/430T9Lv 📚Get a FREE copy of Joe's book "I Hate Taxes":  https://keap.page/bsd964/toolkit-podcast.html 🟥 Read our latest article featured in Kiplinger: https://www.kiplinger.com/retirement/pension-tax-planning-should-start-now 📞 Schedule a call with our team: https://peakretirementplanning.com/schedule-a-meeting/

You've done everything right. You saved. You invested. You built a pension. But many of the best DIY retirees we see eventually reach a point where working with an advisor simply makes more sense. In this video, Joe breaks down 4 real reasons highly disciplined DIY investors decide to partner with a retirement planning team and why many tell us six months later it was one of the best decisions they made. 🎥 Subscribe to our YouTube channel: https://bit.ly/430T9Lv 📚Get a FREE copy of Joe's book "2% Club": https://keap.page/bsd964/2-percent-toolkit-podcast.html 🟥 Read our latest article featured in Kiplinger: https://www.kiplinger.com/retirement/are-you-a-diy-retirement-planner-what-you-need-to-know 📞 Schedule a call with our team: https://peakretirementplanning.com/schedule-a-meeting/

If you have a pension, your retirement income planning is completely different, and most people get it wrong. In this video, Joe breaks down 5 proven retirement income strategies specifically for people with a pension and significant savings. Whether you're part of the Midwestern Millionaire crowd or simply want to avoid unnecessary taxes and market risk, these strategies can help you spend with confidence without running out of money. 🎥 Subscribe to our YouTube channel: https://bit.ly/430T9Lv 📚Get a FREE copy of Joe's book "2% Club": https://keap.page/bsd964/2-percent-toolkit-podcast.html 🟥 Read our latest article featured in Kiplinger: https://www.kiplinger.com/retirement/retirement-planning/retirement-income-plan-for-the-two-percent-club 📞 Schedule a call with our team: https://peakretirementplanning.com/schedule-a-meeting/

If you have a pension and $1 million or more saved, you're in a great position, but that also means small mistakes can cost you hundreds of thousands of dollars in retirement. In this episode of Joe Knows Retirement, Joe breaks down the 4 biggest retirement mistakes people with pensions make, including the one mistake we see over and over again that creates massive tax problems later in life. 🎥 Subscribe to our YouTube channel: https://bit.ly/430T9Lv 📚Get a FREE copy of Joe's book "2% Club": https://keap.page/bsd964/2-percent-toolkit-podcast.html 🟥 Read our latest article featured in Kiplinger: https://www.kiplinger.com/retirement/retiring-with-a-pension-what-to-know 📞 Schedule a call with our team: https://peakretirementplanning.com/schedule-a-meeting/

If you're 59½ or older and still working, there's a powerful retirement strategy most people don't fully understand: the in-service withdrawal. In this video, Joe breaks down 5 key things you must understand before moving money from your 401(k) to an IRA while still working and still getting your company match. 🎥 Subscribe to our YouTube channel: https://bit.ly/430T9Lv 📚Get a FREE copy of Joe's book "I Hate Taxes":  https://keap.page/bsd964/toolkit-podcast.html 🟥 Read our latest article featured in Kiplinger: https://www.kiplinger.com/retirement/should-you-move-your-401k-to-an-ira-at-age-59 📞 Schedule a call with our team: https://peakretirementplanning.com/schedule-a-meeting/

Most people should NOT do a Roth conversion, but if you have a pension and $1 million or more saved, the rules completely change. In this video, Joe breaks down exactly when a Roth conversion makes sense, when it doesn't, and why so many people get this decision wrong. 🎥 Subscribe to our YouTube channel: https://bit.ly/430T9Lv 📚Get a FREE copy of Joe's book "2% Club": https://keap.page/bsd964/2-percent-toolkit-podcast.html 🟥 Read our latest article featured in Kiplinger: https://www.kiplinger.com/retirement/reasons-roth-conversions-and-pensions-work-well-together 📞 Schedule a call with our team: https://peakretirementplanning.com/schedule-a-meeting/

If you have a pension and retirement is getting close, this checklist could save you thousands, if not hundreds of thousands of dollars. In this video, Joe breaks down the 7 critical checklist items every pension holder needs to have in place before retiring. From investment structure and tax planning to pension decisions, healthcare, income planning, and estate documents, this is what most people don't realize they're missing until it's too late. If you're part of the "2% club," those with a pension and $1M+ saved, this planning is different for you. 🎥 Subscribe to our YouTube channel: https://bit.ly/430T9Lv 📚Get a FREE copy of Joe's book "2% Club": https://keap.page/bsd964/2-percent-toolkit-podcast.html 🟥 Read our latest article featured in Kiplinger: https://www.kiplinger.com/retirement/opportunities-for-wealthy-people-retiring-with-a-pension 📞 Schedule a call with our team: https://peakretirementplanning.com/schedule-a-meeting/

Most retirees don't regret saving too little; they regret not enjoying retirement enough. In this video, Joe breaks down the most common retirement regrets he hears from real retirees. 🎥 Subscribe to our YouTube channel: https://bit.ly/430T9Lv 📚Get a FREE copy of Joe's book "Midwestern Millionaire": https://keap.page/bsd964/midwestern-millionaire-toolkit-podcast.html  🟥 Read our latest article featured in Kiplinger: https://www.kiplinger.com/retirement/happy-retirement/spend-your-retirement-nest-egg-and-drop-the-guilt 📞 Schedule a call with our team: https://peakretirementplanning.com/schedule-a-meeting/