Joe Knows Retirement

If you have a pension and $1 Million+ saved, you're in the 2% of retirees facing the toughest tax problems in retirement. Most advisors never talk about this… but if you don't plan right, you could lose hundreds of thousands to Uncle Sam. Don't assume what works for the average retiree will work for you. If you're in this small group, your plan needs to be different. Are you interested in applying to receive expert help in planning for your financial future? If so, you can apply at https://peakretirementplanning.com/schedule-a-meeting/ 🎥 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-higher-taxes-in-retirement 📞 Apply to talk with us: https://peakretirementplanning.com/schedule-a-meeting/

Deciding between a lump sum pension or monthly payments is one of the biggest financial choices you'll ever make and once you decide, there's no going back. In this video, you'll discover the 5 critical questions you must ask before choosing. We'll also walk through a real-life example comparing a $2.4 million lump sum vs a $201,000 annual pension so you can see exactly how the math plays out. Whether you're evaluating a pension payout, thinking about tax planning, or wanting to leave a legacy, this video will help you make a smarter, more confident decision Are you interested in applying to receive expert help in planning for your financial future? If so, you can apply at https://peakretirementplanning.com/schedule-a-meeting/ 🎥 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-youtube.html 🟥 Read our latest article featured in Kiplinger: https://www.kiplinger.com/retirement/will-you-pay-higher-taxes-in-retirement 📞 Apply to talk with us: https://peakretirementplanning.com/schedule-a-meeting/

Thinking about doing Roth conversions on your own, especially with a pension? It can be tricky without software, but knowing what to watch for makes all the difference. In this video, we break down the 7 most essential things DIYers need to consider before tackling Roth conversions. Are you interested in applying to receive expert help in planning for your financial future? If so, you can apply at https://peakretirementplanning.com/schedule-a-meeting/ 🎥 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/will-you-pay-higher-taxes-in-retirement 📞 Apply to talk with us: https://peakretirementplanning.com/schedule-a-meeting/

We've worked with hundreds of successful retirees, many with pensions and over a million saved, and one thing always surprises people: their biggest regrets aren't about money. Even after years of working hard, saving diligently, and building financial freedom, the things they look back on most often are about missed time, lost opportunities, and relationships that could have been stronger. Retirement planning is about creating the life you want to live once you finally have the freedom to do so. By learning from the regrets of those who have already walked this path, you can make more intentional choices now and ensure you don't look back wishing you had done things differently. Are you interested in applying to receive expert help in planning for your financial future? If so, you can apply at https://peakretirementplanning.com/schedule-a-meeting/ 🎥 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/will-you-pay-higher-taxes-in-retirement 📞 Apply to talk with us: https://peakretirementplanning.com/schedule-a-meeting/

Most people see their pension as income to cover expenses, but with the right strategy, it can also create a lasting legacy. In this episode, we break down how to turn pension dollars into multi-generational wealth. You'll hear about lump sums vs. monthly payments, what to do without survivor benefits, how to gift wisely during your lifetime, strategies for passing wealth after death, and the role of charitable giving. We'll also share why a simple family meeting may be the most powerful legacy tool of all. Are you interested in applying to receive expert help in planning for your financial future? If so, you can apply at https://peakretirementplanning.com/schedule-a-meeting/ 🎥 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/will-you-pay-higher-taxes-in-retirement 📞 Apply to talk with us: https://peakretirementplanning.com/schedule-a-meeting/

If you're over 60, your retirement planning enters one of the most overlooked yet powerful stages: the window between retirement and Required Minimum Distributions (RMDs). During this time, Roth conversions can dramatically reduce your lifetime tax bill, protect your spouse, and leave more for your kids. Roth conversions after 60 can make the difference between a tax-heavy retirement and one filled with control, flexibility, and peace of mind. Are you interested in applying to receive expert help in planning for your financial future? If so, you can apply at https://peakretirementplanning.com/schedule-a-meeting/ 🎥 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/will-you-pay-higher-taxes-in-retirement 📞 Apply to talk with us: https://peakretirementplanning.com/schedule-a-meeting/

Confused about the Roth IRA 5-year rule? You're not alone. The Roth IRA 5-year rule is one of the most confusing parts of retirement planning, but it's often not as scary as people think. In this video, you'll learn what the rule really means, how it applies to contributions, conversions, and earnings, and why many retirees don't need to worry about it at all. We'll clear up common myths, explain when the rule actually matters, and show how Roth IRAs can be used for tax-free growth, long-term planning, and leaving money to future generations. Are you interested in applying to receive expert help in planning for your financial future? If so, you can apply at https://peakretirementplanning.com/schedule-a-meeting/ 🎥 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/will-you-pay-higher-taxes-in-retirement 📞 Apply to talk with us: https://peakretirementplanning.com/schedule-a-meeting/

Are you truly prepared for retirement? This video breaks down the five essential pillars of pension planning that every retiree, or soon-to-be retiree, must have in place. These pillars form the foundation of a retirement plan that protects your income, reduces your taxes, and safeguards your legacy. The five pillars aren't just numbers on a checklist, they're the key to enjoying financial freedom, peace of mind, and a secure retirement. Start planning smarter today and ensure your retirement is built on a solid foundation. Are you interested in applying to receive expert help in planning for your financial future? If so, you can apply at https://peakretirementplanning.com/schedule-a-meeting/ 🎥 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/will-you-pay-higher-taxes-in-retirement 📞 Apply to talk with us: https://peakretirementplanning.com/schedule-a-meeting/

If you have a pension and over $1 million saved for retirement, your Medicare costs may look very different from the average retiree. In this video, we walk through why age 63 is such a critical planning year, how Medicare premiums are calculated, and strategies to minimize both taxes and healthcare expenses throughout retirement. You'll learn about projected 2026 Medicare costs, the impact of required minimum distributions (RMDs), Roth conversion opportunities, and how to avoid costly mistakes that could push you into higher Medicare premium tiers. Stay tuned until the end for insights on IRMAA appeals, supplemental vs. advantage plans, and how to make Medicare planning work in your favor. Are you interested in applying to receive expert help in planning for your financial future? If so, you can apply at https://peakretirementplanning.com/schedule-a-meeting/ 🎥 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/will-you-pay-higher-taxes-in-retirement 📞 Apply to talk with us: https://peakretirementplanning.com/schedule-a-meeting/

Are you a federal employee considering the Voluntary Early Retirement Authority (VERA)? Making the decision to retire early is a big step, and it comes with unique challenges and opportunities under the FERS system. In this video, we break down the 6 key considerations you need to think through before moving forward with VERA. Are you interested in applying to receive expert help in planning for your financial future? If so, you can apply at https://peakretirementplanning.com/schedule-a-meeting/ 🎥 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/will-you-pay-higher-taxes-in-retirement 📞 Apply to talk with us: https://peakretirementplanning.com/schedule-a-meeting/

Are you considering handling your retirement planning on your own? This video shares the 7 key things every DIY retirement planner needs to understand. From the time commitment to advanced tax planning and even AI tools, these insights will help you decide if you should keep going solo or bring in a team. Are you interested in applying to receive expert help in planning for your financial future? If so, you can apply at https://peakretirementplanning.com/schedule-a-meeting/ 🎥 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/will-you-pay-higher-taxes-in-retirement 📞 Apply to talk with us: https://peakretirementplanning.com/schedule-a-meeting/

Most CPAs only look at your taxes one year at a time. But retirement requires a 30-year tax plan — and if you don't plan ahead, you could end up paying far more than necessary. In this video, we break down the difference between tax prep vs. tax planning, and uncover the strategies your CPA probably isn't talking about. Are you interested in applying to receive expert help in planning for your financial future? If so, you can apply at https://peakretirementplanning.com/schedule-a-meeting/ 🎥 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/will-you-pay-higher-taxes-in-retirement 📞 Apply to talk with us: https://peakretirementplanning.com/schedule-a-meeting/

Thinking about handling your retirement plan on your own? Before you decide, take this quick 4-question DIY retirement quiz to see if you're really good to go or if you could be leaving money, time, and peace of mind on the table. Are you interested in applying to receive expert help in planning for your financial future? If so, you can apply at https://peakretirementplanning.com/schedule-a-meeting/ 🎥 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/will-you-pay-higher-taxes-in-retirement 📞 Apply to talk with us: https://peakretirementplanning.com/schedule-a-meeting/

You've saved $1M+ but what's next? In this video, we explore the emotional side of retirement: finding purpose, knowing how to give, gift, and spend with meaning, and planning for your spouse, kids, and grandkids. Retirement isn't just about money, it's about living with freedom, joy, and peace of mind. Are you interested in applying to receive expert help in planning for your financial future? If so, you can apply at https://peakretirementplanning.com/schedule-a-meeting/ 🎥 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/will-you-pay-higher-taxes-in-retirement 📞 Apply to talk with us: https://peakretirementplanning.com/schedule-a-meeting/

Tax-loss harvesting is a simple investment strategy that can help you save money and offset costs over time. In this episode of Joe Knows Retirement, Joe explains what tax-loss harvesting is, shares why it can be useful, and lists the types of retirees it might make most sense for, like those with a lot in non-retirement accounts and those with a pension and $1 million or more saved. Are you interested in applying to receive expert help in planning for your financial future? If so, you can apply at https://peakretirementplanning.com/schedule-a-meeting/ 🎥 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/will-you-pay-higher-taxes-in-retirement 📞 Apply to talk with us: https://peakretirementplanning.com/schedule-a-meeting/

Many retirees choose to DIY their retirement, but they may not know what they're getting themselves into. In this episode of Joe Knows Retirement, Joe shares 10 things all retirees should know about if they want to DIY their retirement, especially if they have a pension and $1 million+ saved. From proper tax and investment diversification to having the right estate planning documents in place, Joe talks about it in this video. Are you interested in applying to receive expert help in planning for your financial future? If so, you can apply at https://peakretirementplanning.com/schedule-a-meeting/ 🎥 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/will-you-pay-higher-taxes-in-retirement 📞 Apply to talk with us: https://peakretirementplanning.com/schedule-a-meeting/

Many retirees with a pension have the option to take a lump sum payout instead of the monthly payout, but which option is better? In this episode of Joe Knows Retirement, Joe does the math and shares his expert opinion on which option he typically advises clients to go with. He breaks down the pros and cons of each option, and shares retirement planning guidance you'll want to keep in mind regardless of which option you take. Are you interested in applying to receive expert help in planning for your financial future? If so, you can apply at https://peakretirementplanning.com/schedule-a-meeting/ 🎥 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/will-you-pay-higher-taxes-in-retirement 📞 Apply to talk with us: https://peakretirementplanning.com/schedule-a-meeting/

The One Big Beautiful Bill introduced a bonus deduction for those 65 and older that might change the way you do your tax planning. In this episode of Joe Knows Retirement, Joe breaks down the changes that have come with the new bonus deduction, and talks about how you can plan for these changes depending on your financial situation, especially if you have a pension and $1 million or more saved. Are you interested in applying to receive expert help in planning for your financial future? If so, you can apply at https://peakretirementplanning.com/schedule-a-meeting/ 🎥 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/will-you-pay-higher-taxes-in-retirement 📞 Apply to talk with us: https://peakretirementplanning.com/schedule-a-meeting/

As one of the five pillars of retirement planning, income planning is an essential part of any retirement plan, yet many retirees---especially those with a pension and at least $1 million saved---make some very common mistakes when doing it that end up costing them. In this episode of Joe Knows Retirement, Joe shares six common income planning mistakes Midwestern Millionaires make and explains what they can do to better set themselves up for success in retirement. Are you interested in applying to receive expert help in planning for your financial future? If so, you can apply at https://peakretirementplanning.com/schedule-a-meeting/ 🎥 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/will-you-pay-higher-taxes-in-retirement 📞 Apply to talk with us: https://peakretirementplanning.com/schedule-a-meeting/

If you have a pension and $1 million or more saved, you want to get the most out of the retirement you've worked so hard for. That's why in this episode of Joe Knows Retirement, Joe shares five things you can do to set yourself up for success in retirement. From tax planning to purpose planning, Joe dives into it in this episode. Are you interested in applying to receive expert help in planning for your financial future? If so, you can apply at https://peakretirementplanning.com/schedule-a-meeting/ 🎥 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/will-you-pay-higher-taxes-in-retirement 📞 Apply to talk with us: https://peakretirementplanning.com/schedule-a-meeting/

Medicare premiums can be a sneaky cost for many retirees, especially those with a pension and $1 million or more saved. That's why in this episode of Joe Knows Retirement, Joe shares how you can potentially save $10,000 in Medicare premiums by being tax-smart and doing proper planning. He shares Roth conversion strategies for different financial situations, and also talks about when it might be most advantageous to not Roth convert. Are you interested in applying to receive expert help in planning for your financial future? If so, you can apply at https://peakretirementplanning.com/schedule-a-meeting/ 🎥 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/will-you-pay-higher-taxes-in-retirement 📞 Apply to talk with us: https://peakretirementplanning.com/schedule-a-meeting/

It's common to hear that you'll be in a lower tax bracket in retirement, but that likely won't be the case if you're part of the 2% Club, which means you're retiring with a pension and $1 million or more saved. In this episode of Joe Knows Retirement, Joe shares why members of the 2% Club should expect to be in a higher tax bracket in retirement, as well as offers strategies they can use to increase their tax savings. Are you interested in applying to receive expert help in planning for your financial future? If so, you can apply at https://peakretirementplanning.com/schedule-a-meeting/ 🎥 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/will-you-pay-higher-taxes-in-retirement 📞 Apply to talk with us: https://peakretirementplanning.com/schedule-a-meeting/

The 4% Rule and Guardrails income strategy are helpful tools for many retirees when it comes to income planning in retirement, but as Joe explains in this episode of Joe Knows Retirement, if you have a pension and $1 million or more saved, they might not be adequate for your financial situation. Instead, Joe lays out tailored ways members of the 2% Club can build an income plan and give their money purpose in retirement. Are you interested in applying to receive expert help in planning for your financial future? If so, you can apply at https://peakretirementplanning.com/schedule-a-meeting/ 🎥 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/will-you-pay-higher-taxes-in-retirement 📞 Apply to talk with us: https://peakretirementplanning.com/schedule-a-meeting/

Should you stay or should you go? In this episode of Joe Know's Retirement, Joe provides a comprehensive breakdown of the costs and tax rates across different states to help you decide if you should move in retirement. He looks at different considerations including estate planning and tax planning, shares a case study, and breaks down the five most and least popular states to retire to. Are you interested in applying to receive expert help in planning for your financial future? If so, you can apply at https://peakretirementplanning.com/schedule-a-meeting/ 🎥 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/will-you-pay-higher-taxes-in-retirement 📞 Apply to talk with us: https://peakretirementplanning.com/schedule-a-meeting/

Have you ever been invited to a nice steak dinner where you were told that you need a life insurance retirement plan (LIRP)? In this episode of Joe Knows Retirement, Joe talks about why most Midwestern Millionaires (those with a pension and $1 million or more saved) don't need a LIRP, especially for tax-free income. He also shares reasons why it could make sense to get a LIRP like when not comes to tax-free legacy planning and tax-free benefits for long-term care. Are you interested in applying to receive expert help in planning for your financial future? If so, you can apply at https://peakretirementplanning.com/schedule-a-meeting/ 🎥 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-youtube.html 🟥 Read our latest article featured in Kiplinger: https://www.kiplinger.com/retirement/will-you-pay-higher-taxes-in-retirement 📞 Apply to talk with us: https://peakretirementplanning.com/schedule-a-meeting/

If you've thought about Roth converting all the way into the 32% bracket, you might want to think again. In this episode of Joe Knows Retirement, Joe talks about why Roth converting into the 32% bracket might not be a good idea, especially if you have a pension and $1 million or more saved. He shares different considerations that should go into your decision to Roth convert, as well as dives into the different Medicare premium tiers and discusses how they can affect your decision. Are you interested in applying to receive expert help in planning for your financial future? If so, you can apply at https://peakretirementplanning.com/schedule-a-meeting/ 🎥 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-youtube.html 🟥 Read our latest article featured in Kiplinger: https://www.kiplinger.com/retirement/will-you-pay-higher-taxes-in-retirement 📞 Apply to talk with us: https://peakretirementplanning.com/schedule-a-meeting/

If you're between the ages of 55-63 and will retire with a pension and $1 million or more saved, this video is for you. In this video, Joe talks about the two Roth conversion sweet spots that you'll want to pay attention to during this unique time before you retire. He talks about how many retirees in your shoes should expect to be in a higher tax bracket in retirement, and shares ways to take most advantage of the 12% and 24% brackets. Are you interested in applying to receive expert help in planning for your financial future? If so, you can apply at https://peakretirementplanning.com/schedule-a-meeting/ 🎥 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-youtube.html 🟥 Read our latest article featured in Kiplinger: https://www.kiplinger.com/retirement/will-you-pay-higher-taxes-in-retirement 📞 Apply to talk with us: https://peakretirementplanning.com/schedule-a-meeting/

The One Big Beautiful Bill introduced many changes when it comes to taxes and retirement, and one of those changes is an additional $6,000 deduction for those who are 65 and older. In this episode of Joe Knows Retirement, Joe explain how this bonus deduction works and how it can affect your retirement planning, especially if you have a pension and at least $1 million saved. He also talks about how you can take most advantage of this deduction by maximizing your savings with your income taxes, social security taxes, and Medicare premiums. Are you interested in applying to receive expert help in planning for your financial future? If so, you can apply at https://peakretirementplanning.com/schedule-a-meeting/ 🎥 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-youtube.html 🟥 Read our latest article featured in Kiplinger: https://www.kiplinger.com/retirement/will-you-pay-higher-taxes-in-retirement 📞 Apply to talk with us: https://peakretirementplanning.com/schedule-a-meeting/

The One Big Beautiful Bill (OBBB) is here and will have a big impact on many Americans, especially retirees with a pension and $1 million or more saved. In this episode of Joe Knows Retirement, Joe talks through 14 of the most important points from the OBBB and shares how they can impact your retirement. From lower tax rates to the increased standard deduction to other types of deductions, you'll have a better understanding of how the OBBB affects you by the end of this video. Are you interested in applying to receive expert help in planning for your financial future? If so, you can apply at https://peakretirementplanning.com/schedule-a-meeting/ 🎥 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-youtube.html 🟥 Read our latest article featured in Kiplinger: https://www.kiplinger.com/retirement/will-you-pay-higher-taxes-in-retirement 📞 Apply to talk with us: https://peakretirementplanning.com/schedule-a-meeting/

Widows and single retirees can face unique and harsh tax situations in retirement that can be devastating if not properly planned for. In this episode of Joe Knows Retirement, Joe talks about the widow's penalty and how it can make widows pay nearly double the amount in taxes that they paid when married filing jointly. He talks about the different areas of retirement the widow's penalty can affect, as well as shares a strategy you can use to plan for the penalty and maximize your tax savings. Are you interested in applying to receive expert help in planning for your financial future? If so, you can apply at https://peakretirementplanning.com/schedule-a-meeting/ 🎥 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-youtube.html 🟥 Read our latest article featured in Kiplinger: https://www.kiplinger.com/retirement/will-you-pay-higher-taxes-in-retirement 📞 Apply to talk with us: https://peakretirementplanning.com/schedule-a-meeting/

If you're retiring with a pension and $1 million or more saved, you're set up for success in retirement. But as Joe shares in this episode of Joe Knows Retirement, there are some common mistakes that retirees in your position make that can cost you time and money if you don't plan for them. Whether it's paying more in taxes than you need to or not understanding how much money you really have, Joe talks about these common regrets and how to avoid them. Are you interested in applying to receive expert help in planning for your financial future? If so, you can apply at https://peakretirementplanning.com/schedule-a-meeting/ 🎥 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-youtube.html 🟥 Read our latest article featured in Kiplinger: https://www.kiplinger.com/retirement/will-you-pay-higher-taxes-in-retirement 📞 Apply to talk with us: https://peakretirementplanning.com/schedule-a-meeting/

If you have a pension and $1 million or more saved, there are unique issues you need to plan for in retirement. In this episode of Joe Knows Retirement, Joe shares five traps that members of the 2% Club commonly fall into and what they can do to avoid the traps. He provides strategies to help save money in taxes and Medicare premiums, as well as talks about the importance of giving purpose to your life savings in retirement. Are you interested in applying to receive expert help in planning for your financial future? If so, you can apply at https://peakretirementplanning.com/schedule-a-meeting/ 🎥 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-youtube.html 🟥 Read our latest article featured in Kiplinger: https://www.kiplinger.com/retirement/will-you-pay-higher-taxes-in-retirement 📞 Apply to talk with us: https://peakretirementplanning.com/schedule-a-meeting/

Just because you've worked with a financial advisor for a while doesn't mean they're the best advisor for you. In this episode of Joe Knows Retirement, Joe lists ten things to be on the lookout for when finding an advisor, or if your current advisor doesn't do these things, ten things to look for in a new advisor. From the type of planning services the advisor offers to the amount of time they're able to dedicate to your ongoing plan, Joe discusses it in this episode. Are you interested in applying to receive expert help in planning for your financial future? If so, you can apply at https://peakretirementplanning.com/schedule-a-meeting/ 🎥 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-youtube.html 🟥 Read our latest article featured in Kiplinger: https://www.kiplinger.com/retirement/will-you-pay-higher-taxes-in-retirement 📞 Apply to talk with us: https://peakretirementplanning.com/schedule-a-meeting/

Your pension can increase your tax burden in retirement if you don't plan properly. In this episode of Joe Knows retirement, Joe talks about how a pension and high net worth can affect taxes, and shares strategies for lowering your tax burden and increasing your tax savings. Are you interested in applying to receive expert help in planning for your financial future? If so, you can apply at https://peakretirementplanning.com/schedule-a-meeting/ 🎥 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-youtube.html 🟥 Read our latest article featured in Kiplinger: https://www.kiplinger.com/retirement/will-you-pay-higher-taxes-in-retirement 📞 Apply to talk with us: https://peakretirementplanning.com/schedule-a-meeting/

Have you ever considered the value of your pension as it relates to your overall net worth? In this episode of Joe Knows Retirement, Joe talks about pensions as an asset class and how you can view your pension as more than just a monthly income stream. He shares the pros and cons of having a pension and talks about ways you can give your pension purpose in retirement. Are you interested in applying to receive expert help in planning for your financial future? If so, you can apply at https://peakretirementplanning.com/schedule-a-meeting/ 🎥 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-youtube.html 🟥 Read our latest article featured in Kiplinger: https://www.kiplinger.com/retirement/will-you-pay-higher-taxes-in-retirement 📞 Apply to talk with us: https://peakretirementplanning.com/schedule-a-meeting/

If you're a Christian and it's important for you to incorporate your faith into your financial planning, then it could be a great idea to work with a Certified Kingdom Advisor® (CKA®). In this episode of Joe Knows Retirement, Joe explains what a CKA®, what it takes to earn the CKA® credential, and how a CKA® can help you as you purposefully plan your retirement. Are you interested in applying to receive expert help in planning for your financial future? If so, you can apply at https://peakretirementplanning.com/schedule-a-meeting/ 🎥 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-youtube.html 🟥 Read our latest article featured in Kiplinger: https://www.kiplinger.com/retirement/will-you-pay-higher-taxes-in-retirement 📞 Apply to talk with us: https://peakretirementplanning.com/schedule-a-meeting/

If you're a Midwestern Millionaire, you might face unique challenges in retirement, but as Joe discusses in this episode of Joe Knows Retirement, they shouldn't be as scary as they seem. From the fear of running out of money to the fear of overpaying in taxes, Joe addresses these fears and shares how to plan for them. Are you interested in applying to receive expert help in planning for your financial future? If so, you can apply at https://peakretirementplanning.com/schedule-a-meeting/ 🎥 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-youtube.html 🟥 Read our latest article featured in Kiplinger: https://www.kiplinger.com/retirement/will-you-pay-higher-taxes-in-retirement 📞 Apply to talk with us: https://peakretirementplanning.com/schedule-a-meeting/

If you're retiring with a pension and $1 million or more saved in 2025, your planning needs to be as unique as your financial situation. In this episode of Joe Knows Retirement, Joe talks about the different areas of consideration for retiring with a pension, and shares strategies you can take advantage of to save money in retirement. From tax planning to purpose planning, Joe talks about it in this episode. Are you interested in applying to receive expert help in planning for your financial future? If so, you can apply at https://peakretirementplanning.com/schedule-a-meeting/ 🎥 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-youtube.html 🟥 Read our latest article featured in Kiplinger: https://www.kiplinger.com/retirement/will-you-pay-higher-taxes-in-retirement 📞 Apply to talk with us: https://peakretirementplanning.com/schedule-a-meeting/

You may be considering waiting until retirement to do Roth conversions, but this might not be the best idea. In this episode of Joe Knows Retirement, Joe explains how for the Midwestern Millionaire (someone with a pension and $1 million or more saved), their high income in retirement might make Roth conversions a better idea to do now. He shares a case study breaking down the income a Midwestern Millionaire might expect to have in retirement, and discusses the various reasons why Roth converting now can be helpful in saving money in taxes. Are you interested in applying to receive expert help in planning for your financial future? If so, you can apply at https://peakretirementplanning.com/schedule-a-meeting/ 🎥 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-youtube.html 🟥 Read our latest article featured in Kiplinger: https://www.kiplinger.com/retirement/will-you-pay-higher-taxes-in-retirement 📞 Apply to talk with us: https://peakretirementplanning.com/schedule-a-meeting/

If you have a pension and have been a diligent saver for the past 30-40 years, you could be in a great position to retire early. In this episode of Joe Knows Retirement, Joe talks through different points of consideration for Midwestern Millionaires in the 2% Club who are thinking about early retirement. From how much money you'll need to live on to how to take from your investments without overpaying in taxes, this video will help you see if early retirement could be in your future. Are you interested in applying to receive expert help in planning for your financial future? If so, you can apply at https://peakretirementplanning.com/schedule-a-meeting/ 🎥 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-youtube.html 🟥 Read our latest article featured in Kiplinger: https://www.kiplinger.com/retirement/will-you-pay-higher-taxes-in-retirement 📞 Apply to talk with us: https://peakretirementplanning.com/schedule-a-meeting/

If you have an old 401k or other savings vehicle, you may have wondered what happens to it once you retire. In this episode of Joe Knows Retirement, Joe shares three things you can do with your old 401k and lists the pros and cons of each option. He talks about why moving it to an IRA is often the option he recommends, and stresses the importance of working with a professional team when making these big decisions. Are you interested in applying to receive expert help in planning for your financial future? If so, you can apply at https://peakretirementplanning.com/schedule-a-meeting/ 🎥 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-youtube.html 🟥 Read our latest article featured in Kiplinger: https://www.kiplinger.com/retirement/will-you-pay-higher-taxes-in-retirement 📞 Apply to talk with us: https://peakretirementplanning.com/schedule-a-meeting/

Have you ever wondered how pension options are calculated? In this episode of Joe Knows Retirement, Joe discusses the factors that determine a pension's value and dives into different pension options like the lump sum option and survivorship option. He also talks about the pros and cons of taking a monthly pension versus taking the lump sum. Are you interested in applying to receive expert help in planning for your financial future? If so, you can apply at https://peakretirementplanning.com/schedule-a-meeting/ 🎥 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-youtube.html 🟥 Read our latest article featured in Kiplinger: https://www.kiplinger.com/retirement/will-you-pay-higher-taxes-in-retirement 📞 Apply to talk with us: https://peakretirementplanning.com/schedule-a-meeting/

If you've dreamed of retiring early and you have a pension and $1 million or more saved, then early retirement could be a reality for you. In this episode of Joe Knows Retirement, Joe shares a client case study where he shows how much value a pension has and how much money you might expect to have in retirement if you have a similar pension and savings. He also discusses other considerations for retiring early like how much you choose to withdraw from you investments and how to give your money purpose in retirement. Are you interested in applying to receive expert help in planning for your financial future? If so, you can apply at https://peakretirementplanning.com/schedule-a-meeting/ 🎥 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-youtube.html 🟥 Read our latest article featured in Kiplinger: https://www.kiplinger.com/retirement/will-you-pay-higher-taxes-in-retirement 📞 Apply to talk with us: https://peakretirementplanning.com/schedule-a-meeting/

You might have heard to not touch your Roth IRA so that your tax-free investments grow as much as possible. But in this episode of Joe Knows Retirement, Joe shares 8 times when it actually does make sense to take out from your Roth, especially if you have a pension and $1 million+ saved. Whether it's to save money in Medicare premiums or Social Security tax, or just because you had an uncommonly high income year, Joe shares advice on when to wisely take from your Roth. Are you interested in applying to receive expert help in planning for your financial future? If so, you can apply at https://peakretirementplanning.com/schedule-a-meeting/ 🎥 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-youtube.html 🟥 Read our latest article featured in Kiplinger: https://www.kiplinger.com/retirement/will-you-pay-higher-taxes-in-retirement 📞 Apply to talk with us: https://peakretirementplanning.com/schedule-a-meeting/

Being a Midwestern Millionaire means being frugal, hardworking, and a diligent saver, but it likely also means you love saving money any way you can, even in comical ways. In this episode of Joe Knows Retirement, Joe shares 40 relatable things you might say or do if you're a Midwestern Millionaire who loves saving money. From ordering water at restaurants to washing and reusing plastic dishes, there's something on this list every Midwestern Millionaire can relate to. Are you interested in applying to receive expert help in planning for your financial future? If so, you can apply at https://peakretirementplanning.com/schedule-a-meeting/ 🎥 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-youtube.html 🟥 Read our latest article featured in Kiplinger: https://www.kiplinger.com/retirement/will-you-pay-higher-taxes-in-retirement 📞 Apply to talk with us: https://peakretirementplanning.com/schedule-a-meeting/

In this video, Peak Retirement Planning founder and CEO Joe Schmitz joins The Advisor Journey to talk about his journey as a financial advisor and the growth Peak Retirement Planning has seen. He talks about how they have grown and the team behind that growth, as well as shares who the Midwestern Millionaire is and why he loves working with them. Are you interested in applying to receive expert help in planning for your financial future? If so, you can apply at https://peakretirementplanning.com/schedule-a-meeting/ 🎥 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-youtube.html 🟥 Read our latest article featured in Kiplinger: https://www.kiplinger.com/retirement/will-you-pay-higher-taxes-in-retirement 📞 Apply to talk with us: https://peakretirementplanning.com/schedule-a-meeting/

Does doing a Roth conversion make sense if you're retiring with a pension and $2 million+ saved? In this episode of Joe Knows Retirement, Joe shares a case study of a real-life client in this situation who was told by another advisor to not to do a Roth conversion, and why he doesn't think that's the best advice. He also talks about possible objections you might hear to doing a Roth conversion and why they may or may not make sense. Are you interested in applying to receive expert help in planning for your financial future? If so, you can apply at https://peakretirementplanning.com/schedule-a-meeting/ 🎥 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-youtube.html 🟥 Read our latest article featured in Kiplinger: https://www.kiplinger.com/retirement/will-you-pay-higher-taxes-in-retirement 📞 Apply to talk with us: https://peakretirementplanning.com/schedule-a-meeting/

If you're a Midwestern Millionaire (i.e., you're a diligent saver, frugal, and hardworking), it's important to give your money purpose in retirement. In this episode of Joe Knows Retirement, Joe shares ten questions you should ask yourself to help clarify how you want to put your money to use. Whether you spend it, give it to charities, or gift it to your kids or grandchildren, Joe talks about how you can feel confident putting your life savings to good use. Are you interested in applying to receive expert help in planning for your financial future? If so, you can apply at https://peakretirementplanning.com/schedule-a-meeting/ 🎥 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-youtube.html 🟥 Read our latest article featured in Kiplinger: https://www.kiplinger.com/retirement/will-you-pay-higher-taxes-in-retirement 📞 Apply to talk with us: https://peakretirementplanning.com/schedule-a-meeting/

Tax planning in retirement is important, but it's also important to make sure you're getting proper tax prep done. In this episode of Joe Knows Retirement, Joe gives five reasons why you're financial advisor should also do your tax prep (or collaborate with your CPA). From simplifying the process to maximizing the tax savings involved, he argues that all Midwestern Millionaires should work with a comprehensive financial planning team. Are you interested in applying to receive expert help in planning for your financial future? If so, you can apply at https://peakretirementplanning.com/schedule-a-meeting/ 🎥 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-youtube.html 🟥 Read our latest article featured in Kiplinger: https://www.kiplinger.com/retirement/will-you-pay-higher-taxes-in-retirement 📞 Apply to talk with us: https://peakretirementplanning.com/schedule-a-meeting/

Retiring with financial freedom means being able to do what you want, when you want, with who you want. In this episode of Joe Knows Retirement, Joe shares how to take full advantage of your financial freedom in retirement by saving money and giving your money purpose. He also talks about how to give your time purpose in retirement and invest in the things that truly matter to you. Are you interested in applying to receive expert help in planning for your financial future? If so, you can apply at https://peakretirementplanning.com/schedule-a-meeting/ 🎥 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-youtube.html 🟥 Read our latest article featured in Kiplinger: https://www.kiplinger.com/retirement/will-you-pay-higher-taxes-in-retirement 📞 Apply to talk with us: https://peakretirementplanning.com/schedule-a-meeting/