Joe Knows Retirement

It can seem daunting to pay so much in taxes up front when doing Roth conversions, which is why in this episode of Joe Knows Retirement, Joe shares seven ways (and one bonus way!) you can tackle these costs. From basic methods to more advanced strategies, Joe covers them in this helpful episode. Are you interested in applying to receive expert help in planning for your financial future? If so, you...

If you're a federal employee, there are a few things you should know when it comes to planning for your retirement. From investment options within the Thrift Savings Plan to getting the most out of your Federal Employee Retirement System pension, Joe shares how you can get the most out of your federal benefits in this episode of Joe Knows Retirement. Are you interested in applying to receive exper...

When it comes to retirement, there's never enough books you can read to help you best prepare. That's why in this episode of Joe Knows Retirement, Joe shares five books that are must-reads for every new or soon-to-be retiree. From books on adjusting to the new normals of retirement to books on maximizing your tax savings in retirement, Joe's got you covered. Are you interested in applying to recei...

If you need assistance with long-term care planning, then a Medicaid Asset Protection Trust could be a helpful estate planning document for you. In this episode of Joe Knows Retirement, Joe talks about what a Medicaid Asset Protection Trust is, whether it might be a helpful planning option for you, and how to use it most effectively to save money and ensure your loved ones are taken care of. Are y...

If you're charitable-minded and want to help support Christian schools in Ohio, then you may consider giving to Ohio Christian Education Network (OCEN). In this episode of Joe Knows Retirement, Joe shares about this giving opportunity that not only can help support local Christian schools and students who need it, but can also come directly back to you to cover end-of-year taxes. It's a win win! A...

The average financial advisor in America is 55-60 years old. While an older financial advisor can be a great option for you, they may not offer the competitive and comprehensive service that a younger advisor can offer. In this episode of Joe Knows Retirement, Joe shares seven reasons why working with a younger advisor could be the best option for you to help you achieve the retirement you want. A...

Working with a financial planner can be a great idea, but unfortunately not all financial planners offer the same great service. In this episode of Joe Knows Retirement, Joe shares seven red flags to look out for when selecting a financial planner. If you're working with an advisor who fits these descriptions, it may be time to consider finding a new advisor. Vanguard Advisor's Alpha study: https:...

If you're the millionaire next door who has diligently saved all your life, it's important that you plan properly for these sneaky expenses in retirement. In this episode of Joe Knows Retirement, Joe talks about some of the lesser known expenses that can be costly for retirees with at least $1 million in tax-deferred investments and shares some of the best ways to plan for them. Are you interested...

RMDs, or required minimum distributions, can throw an unexpected wrench in your retirement income and tax plans (and cost you thousands of dollars) if you aren't prepared for them. In this episode of Joe Knows Retirement, Joe answers four big questions about RMDs to help you understand the negative impact they can have and the importance of planning for them now. Are you interested in applying to...

When was the last time you asked yourself, "Is my financial advisor doing a good job for me?" Just because you have a financial advisor doesn't mean you're getting premium or comprehensive service. That's why in this episode of Joe Knows Retirement, Joe shares ten questions you can ask to see if your financial advisor is providing you all the services you deserve or if maybe it's time to move on t...

All investments fall into one of three buckets: taxable, tax-deferred, or tax-free. In this episode of Joe Knows Retirement, Joe explains how each bucket works, gives examples of investments that fall into each bucket, and shares how to best use each bucket to plan for your retirement. Are you interested in applying to receive expert help in planning for your financial future? If so, you can apply...

While losing a spouse is hard enough on its own, it can be made even harder by the widow's penalty, which is a significant increase in taxes that widows may be forced to pay. In this episode of Joe Knows Retirement, Joe shares why the widow's penalty is such a personal issue for him and gives tips on how you can best plan for it so you can minimize its effects. Are you interested in applying to re...

In this episode of Joe Knows Retirement, Joe is back in the studio with Mindy and Boots to talk about all things retirement. From how much money you need to retire to the importance of have an estate plan in place, Joe discusses it in this fun interview. Are you interested in applying to receive expert help in planning for your financial future? If so, you can apply at  https://peakretirementplann...

With over 2,700 rules and 500 different ways to claim it, social security is complex. That's why in this episode of Joe Knows Retirement, Joe makes things simple by breaking social security down into easier-to-understand parts and answering your most asked social security questions. From whether or not social security is going away to knowing when the best time to take social security is, Joe know...

If you've ever been told, "You'll pay less taxes in retirement," you may have been misinformed. In this episode of Joe Knows Retirement, Joe talks about how if you have a pension or you're a diligent saver, then you may actually find yourself paying higher taxes in retirement, not lower. He discusses social security taxes, Medicare premiums, tax-deferred investments, and other things you need to p...

Pensions are super valuable in retirement, but they can also make tax planning that much trickier. That's why in this episode of Joe Knows Retirement, Joe dives into the topic of pensions, how they can affect your taxes, and what you can do to keep your taxes as low as possible. Are you interested in applying to receive expert help in planning for your financial future? If so, you can apply at htt...

If you've been working with your financial advisor for a while but they aren't providing the high level of service you deserve, then it may be time to move on to a different advisor. In this episode of Joe Knows Retirement, Joe shares a few things to look out for when considering switching advisors, especially if you're in or near retirement. He also talks about the most common ways clients let th...

In this special episode of Joe Knows Retirement, Joe is back in the studio with Mindy and Boots, this time with special guests: his parents! From the importance of working with a financial advisor to the story of Joe's 1,000th point in high school basketball, it's all covered in this fun episode. Are you interested in applying to receive expert help in planning for your financial future? If so, yo...

Although there are many financial advisors out there, not all of them provide the same level of expert care. In this episode of Joe Knows Retirement, Joe shares seven questions you can ask a financial advisor to get a better idea if they will be good to work with. From how they do tax planning to whether or not they work collaboratively with others, these questions are important to ask. Are you in...

Retirement is a time of transition, and in that transition, you may not know what to do with all the wealth you've accumulated over the past 30 to 40 years. In this episode of Joe Knows Retirement, Joe shares some of the questions he asks clients to help them figure out how to use their money after they retire. He stresses the importance of figuring out what gives you purpose in life and letting t...

There are a lot of tax items to keep track of in retirement: investments, social security, pensions, RMDs, and more. In this episode of Joe Knows Retirement, Joe breaks down all the tax planning items you should be aware of and shares some strategies you can use to save as much in taxes as possible. Are you interested in applying to receive expert help in planning for your financial future? If so,...

Do you know the difference between a financial plan and a financial portfolio? In this episode of Joe Knows Retirement, Joe explains how you may have a portfolio, but if you're in or near retirement, you should also consider creating a plan. This plan will help you navigate the financial complexities of retirement so you can spend less time worrying about your investments and more time doing the t...

In this episode of Joe Knows Retirement, Joe covers the important topic of end-of-life planning. Making sure you have all the proper estate planning documents in place before you pass can make a huge difference in easing the transfer of your wealth and simplifying things for your loved ones. From power of attorney to wills to trusts, Joe covers all the estate planning documents you need/should con...

For many retirees and soon-to-be retirees, it's important to transition from an 'accumulation' mindset about wealth to a 'protection' mindset. That's why in this episode of Joe Knows Retirement, Joe shares four ways you can protect your wealth so you can feel more financially secure in retirement. From adjusting your investments to creating different plans, Joe knows how to help you protect your w...

As we come to the end of 2023, it's important to look over your investments and make sure you're maximizing your growth and savings. That's why in this episode of Joe Knows Retirement, Joe shares ten investment and investment-related items you should review before the end of the year. From traditional and Roth IRA contributions to charity-related vehicles like donor advised funds, checking and max...