Joe Knows Retirement

Pensions are a great asset to have in retirement, but did you know they can have hidden costs? In this episode of Joe Knows Retirement, Joe talks about the overt and sometimes sneaky ways you can be kept from maximizing your pensions by different costs. From tax-related costs to costs dependent on whether you take the survivorship or lump sum options, he 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 "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/

In this special episode, Peak Retirement Planning founder and CEO Joe Schmitz leads a radio show with several co-hosts as they discuss current events. They share their thoughts on President Trump's recent State of the Union address, discuss the implementation of DOGE and the new tariffs, and talk about how taxes and retirement can be affected by these things. 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 55-62 years old, have a pension, and have at least $1 million saved, then retiring early could be an option for you. In this episode of Joe Knows Retirement, Joe shares the things you should consider if you're planning to retire early and you have a pension. He highlights the value of a pension, shares ways to save money in taxes, and discusses the pros and cons of taking different pension options. 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/

The best savers are the worst spenders. In this episode of Joe Knows Retirement, Joe talks about how you can feel better about buying that boat or going on that trip in retirement if you have a pension and $1 million or more saved. He shares strategies you can use to maximize your pension and save money in taxes, and gives you permission to spend your money 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 "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/

Roth conversions can be a great tool to help save money in retirement if you have a pension and $1 million or more saved. In this episode of Joe Knows Retirement, Joe talks about everything you need to know about Roth conversions if you have a pension. He provides information on which tax bracket you'll likely be in in retirement if you have a pension, and talks about factors you should think about when considering how much to 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 "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 your net worth is over $1 million and you have a pension worth $100k or more, you are in a great spot for retirement. In this episode of Joe Knows Retirement, Joe talks about all the things that can affect your retirement plan if you have a high-value pension and net worth. From saving money in taxes to giving your money purpose, he dives into the topic 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 "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/

Pensions are a helpful asset to have in retirement, but if you're single, there are certain things you need to plan for. In this episode of Joe Knows Retirement, Joe talks through the pros and cons of being single and retiring with a pension. Since being single will put you in higher tax brackets, he stresses the importance of doing tax planning now and working with a professional team to make sure you're not missing anything. 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/

It's recommended to work with a financial planning expert when planning your retirement, but if you know these things, you may not need to. In this episode of Joe Knows Retirement, Joe talks about the five areas you should be competent in if you plan on doing your retirement planning yourself. From tax planning to investment planning to healthcare planning, he shares how you can prepare if you choose not to work with a comprehensive 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/

When should you take social security if you have a pension? In this episode of Joe Knows Retirement, Joe shares the things you should consider before taking social security if you're retiring with a pension and $1 million or more saved. From your health to your marriage status to the dollar amount of your pension, there are many considerations that affect when it's best for you to take social security. 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/

Joe joins Mindy Drayer on the local radio station to help co-host the Sunday afternoon radio show. They talk about the success of Peak Retirement Planning, President Trump's return to work order, Brenz Pizza, Joe's new haircut, and so much more in this fun hour. 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 retiring with a pension and $1 million or more saved, you're in a unique situation. In this episode of Joe Knows Retirement, Joe shares three things you need to be aware of and plan for if you find yourself in this 2% of the population. From saving money in taxes to making sure your money has purpose in retirement, 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 "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/

In this video, Peak Retirement Planning founder and CEO Joe Schmitz share the story of how he got into financial planning and how he turned Peak Retirement Planning into the fast-growing firm it is today. Get to know Joe as he talks about the highs, the lows, and everything in between that got him to where he is today. 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 in the 2% of people who have both a pension and at least $1 million saved, you might be more of a saver than a spender. That's why in this episode of Joe Knows Retirement, Joe talks about why you should actually spend more money in retirement. Whether you spend money on trips, home improvement, or health, or you give your money to your family or charities, Joe shares about how you can 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 "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/

Pensions can be a helpful asset in retirement, but it's important to have a solid income plan to go with them. In this episode of Joe Knows Retirement, Joe talks about the different options you might have with your pension and how they can affect income planning. He also talks about other income streams like Social Security and investments and how a pension can affect 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/

If you're retiring with a pension and $1 million or more saved, it's likely that you're a Midwestern Millionaire. In this episode of Joe Knows Retirement, Joe shares what a Midwestern Millionaire is and talks about how their pensions, savings, and spending habits put them in a unique spot in retirement. He also stresses the importance of working with a professional team to maximize your tax savings and purpose with your money 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 "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/

The 2025 market could perform differently than you think. In this episode of Joe Knows Retirement, Joe reviews Vanguard's 2025 market outlook and shares his thoughts on their projections. He emphasizes the importance of maintaining a long-term perspective with your investments, and shares why it could be helpful to work with a professional financial planning team when it comes to investing. 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/

Required Minimum Distributions (RMDs) apply to everyone, but they can be especially impactful for those with a high income in retirement like pensioners. In this episode of Joe Knows Retirement, Joe dives into what RMDs are, what impact they can have, and how a pension can make them particularly important to plan for. He also shares several strategies you can use to lower your RMDs and pay less 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 "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/

Are you a financial planning DIYer? In this episode of Joe Knows Retirement, Joe talks through seven questions to ask yourself to determine if working with a financial advisor is right for you. He talks about the unique help a financial advisor can provide and shares how doing it yourself might not lead to as much savings as you think. 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/

Did you know less than 20% of people have a pension? In this episode of Joe Knows Retirement, Joe walks through the five pillars of retirement planning and explains how a pension can affect planning. From how much you pay in taxes to where you get your income in retirement, he 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 "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/

Are you paying a financial advisor for sub-optimal planning? In this episode of Joe Knows Retirement, Joe talks through ten red flags to be on the lookout for when considering if a financial advisor is worth working with, from not utilizing a comprehensive approach to adding costs through vehicles like mutual funds. He also explains why it's so important for those who are retiring with at least $1 million saved or who have a pension to work with a professional team to help plan for their unique situation. 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 it make sense to get an annuity if you already have a pension? Joe answers that question in this episode of Joe Knows Retirement, as well as discusses the different types of annuities and which ones could make sense for your financial situation. He also stresses the importance of working with a licensed fiduciary instead of a financial advisor who is really just acting as an insurance salesperson. 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 retiring with a pension and over $1 million saved, you are part of a very small and unique group of retirees. In this episode of Joe Knows Retirement, Joe discusses the realities of retiring with a pension and talks about what you need to know so you can plan accordingly. He shares the actual value of a pension depending on how much you receive and how long you receive it, and explains a strategy you can use to save money in taxes even with a higher net worth. 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/

As we move from 2024 to 2025, it's important to keep track of what changes could take place with your tax planning. In this episode of Joe Knows Retirement, Joe reviews all the tax changes taking effect in 2025 and shares ways you can plan to maximize your tax savings. From changes in your retirement accounts, to changes in Medicare premiums, to changes in tax rates, Joe covers 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 "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/

Only 30% of people have an estate plan, but for those with $1 million or more saved or with a pension, they're a non-negotiable. In this episode of Joe Knows Retirement, Joe shares what you need to know about estate planning if you're a Midwestern (Middle Class) Millionaire. He talks about ways to avoid the unnecessary costs of probate, how to prepare for estate taxes, and strategies you can use to make sure as much of your money is used how you prefer as possible. 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 (Middle Class) Millionaire, you need specialized retirement planning for your unique situation. In this episode of Joe Knows Retirement, Joe shares unique expenses you might face in retirement if you're 55-70 and have over $1 million saved or a pension, as well as a strategy you can use to lower your taxes. From social security to required minimum distributions, 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 "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/

Taxes can be one of your biggest expenses in retirement if you don't plan for them. In this episode of Joe Knows Retirement, Joe shares five tax planning strategies you can use to save money, especially if you have over $1 million in savings or have a pension. Whether you want to spend your money for yourself, use it on your family, or give it to charity, Joe talks about strategies you can use to make the most of it. 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/

Breaking up is hard to do. In this episode of Joe Knows Retirement, Joe talks about the difficult process of breaking up with your financial advisor and shares how you can do so with kindness and firmness. He dives into how you can expect your advisor to potentially respond, and provides email templates you can use to make the process simpler. 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/

Did you know there's a difference between having estate documents in place and having an estate plan in place? In this episode of Joe Knows Retirement, Joe shares why nearly all retirees with over $1 millions or with a pension should consider working with a professional team to implement an estate plan. From providing benefits in tax planning to making sure your beneficiaries use your money in a way you prefer, estate plans should likely be part of your retirement plan. 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/

Required minimum distributions (RMDs) can be problematic in retirement, but they're particularly problematic for those with at least $1 million saved or a pension. In this episode of Joe Knows Retirement, Joe discusses RMDs and shares how they can complicate your retirement and make you pay more in taxes if you don't plan for them. He provides an example by looking at a current client's savings and seeing how RMD's affect 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/

Pensions will help you live more comfortably in retirement, but if you don't plan for them accordingly, that could end up costing you money. In this episode of Joe Knows Retirement, Joe talks about the important things you need to be aware of if you're retiring with a pension. He discusses the different areas of retirement that pensions can affect like Medicare premiums and Social Security taxes, as well as shares a strategy you can use called a Roth conversion to help save money. 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/

Roth conversions are a helpful money-saving strategy for many retirees, but for those retiring with at least $1 million or who have a pension, they're almost a non-negotiable. In this episode of Joe Knows Retirement, Joe shares everything you need to know about Roth conversions if you're retiring with a high net worth. From social security tax to Medicare premiums to capital gains, he explains how Roth conversions can save you thousands of dollars in 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 "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/

Losing a spouse if very difficult, but it can be made even more difficult if the surviving spouse doesn't have a financial plan. In this episode of Joe Knows Retirement, Joe talks about the tough topic of losing a loved one and shares things you should know so you can make sure they're taken care of if you pass. He talks about the widow's penalty and shares strategies you can incorporate to lessen the burden it could leave on your spouse. 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've been a diligent saver all your life, you might be thinking about retiring as early as possible. In this episode of Joe Knows Retirement, Joe talks about the Midwestern Millionaire (or Middle Class Millionaire) and shares several factors they should consider if they're thinking about retiring early. From tax considerations to finding purpose in retirement, 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 "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/

As 2024 comes to an end, it's important to double check the areas where you could save money in taxes. In this episode of Joe Knows Retirement, Joe walks through the list of tax planning items worth checking before the end of the year. He shares reminders like maxing out your 401k's and funding your IRAs, as well as discusses tax-saving strategies like 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 "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/

The Tax Cuts & Jobs Act is set to sunset in 2026, but with the results of the 2024 presidential election, could it be extended? In this episode of Joe Knows Retirement, Joe shares what he think will happen to the Tax Cuts & Jobs Act, as well as Trump's other tax proposals like tax-free social security and tax-free tips and overtime. He also talks about the importance of having a long-term plan regardless of what happens to the Tax Cuts & Jobs Act. 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 (or Middle Class Millionaire), it might be easier to save money than to spend it. On this episode of Joe Knows Retirement, Joe shares stories of clients he's worked with who are better savers than they are spenders, and provides information on how it's okay to use the money you've spent your whole life saving in retirement. Whether you spend your money or give it away, he talks about the importance of having a plan and using your money in the way that's best for 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/

Did you know only 20% of people have a pension? In this episode of Joe Knows Retirement, Joe shares four things you need to know if you have a pension and are in or near retirement. From the importance of having a specialized plan to strategies you can use to save money in taxes, 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 "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/

Your financial situation is specialized, so you financial planner should be specialized. In this episode of Joe Knows Retirement, Joe talks about the difference between general financial planners and specialized financial planners. He also talks about the Midwestern Millionaire and explains how if you fall into that category, you should consider working with a financial planner who is trained for your unique situation. 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/

With the 2024 presidential election coming up, one common question people ask is, "How will this affect my investments?" In this episode of Joe Knows Retirement, Joe answers that question by sharing three different charts that show how the market has performed based on past elections. He addresses common fears retirees and soon-to-be retirees might have, and stresses the importance of having an investment plan. 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/

So you've decided to do a Roth conversion, now it's time to determine just how much to Roth convert. In this episode of Joe Knows Retirement, Joe goes through several case studies to show all the considerations that go into determining the right Roth conversion amount based on your financial situation. Including factors like pensions, social security, Medicare premiums, capital gains, and more, he demonstrates the complexity of Roth conversions and the importance of working with a professional when doing them, especially if you've saved over $1 million in tax-differed vehicles. 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 have a 401k from a past employer, you might not know what to do with it. In this episode of Joe Knows Retirement, Joe discusses three options for what you can do with an old 401k, and he goes into detail about why moving it to an IRA could be a smart move for you. He also explains what Roth conversions are and how they can potentially be helpful for your financial situation as well. 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/

What's the big deal with retirement planning? In this episode of Joe Knows Retirement, Joe explains why retirement planning is more important now than ever before, and dives into the five different areas of your retirement that you need to plan for, especially if you've been a diligent saver all your working years. From taxes to Medicare to trusts, Joe covers 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 "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/

Did you know only 20% of people have a pension? If that's you and you're hoping to utilize Roth conversions in retirement, then you need to make sure you plan accordingly. In this episode of Joe Knows Retirement, Joe answers common questions about Roth converting with a pension, as well as discusses specific topics in retirement like social security and Medicare that can be impacted by Roth converting with a pension. 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 tax planning isn't part of your retirement plan, you could donate thousands of dollars to Uncle Sam and not even know it. In this episode of Joe Knows Retirement, Joe shares five tax planning strategies you can use to save money, especially if you have $1 million or more in savings. From allocating your investments wisely to utilizing charitable strategies, 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 "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/

You could be a Midwestern Millionaire and not even know it. In this episode of Joe Knows Retirement, Joe explains who the Midwestern Millionaire is and shares how they have to uniquely plan for retirement. From tax planning to spending their money, Midwestern Millionaires need tailored retirement planning which Joe dives into 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 "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/

What's the big deal with Roth conversions? In this episode of Joe Knows Retirement, Joe answers that question and describes who Roth conversions might not be right for, as well as who they often are right for. He considers factors that go into determining whether a Roth conversion is right for you, such as how much money you have in savings, whether or not you have a pension, and your willingness to work with a professional 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/

In this episode of Joe Knows Retirement, Joe joins Mindy and Boots on 610 WTVN to discuss the current market and share some tips on how to invest wisely. He talks about the importance of clarifying your goals when determining how you invest, and briefly explains how the stock market works and why diversification is so important. 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/

Has anyone ever told you that you need permanent life insurance in retirement? As Joe talks about in this episode of Joe Knows Retirement, it may be helpful for some people, but for others it may not be necessary. Life insurance can be a great way to diversify your assets in retirement, as well as serve as a vehicle for tax planning and estate planning, but depending on your financial situation, there may be better tools out there. 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 don't plan on working in retirement and you don't have a pension, then it's important to have an income plan. In this episode of Joe Knows Retirement, Joe shares three essential things to consider when planning your income in retirement. From taxes to market volatility, Joe covers 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 "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/

Did you know only 25% of people have a Roth IRA? In this episode of Joe Knows Retirement, Joe talks about why Roth IRAs are rarer than you may have thought, then shares why Roth IRAs can be extremely valuable, especially if you have over $1 million in tax-deferred savings. He also answers common questions about Roth conversions and discusses whether they could be right for 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/