Joe Knows Retirement

Receiving an inheritance can be a financial blessing, but what you do with that money could have a lasting impact on your retirement. Whether you inherit cash, investments, or an IRA, understanding the different tax rules and opportunities can help you avoid costly mistakes. In this episode of Joe Knows Retirement, Joe walks through a real-world example of someone inheriting $200,000 at age 60. He...

Most retirees focus on asset allocation, but what about tax location? Where you hold your investments could be just as important as what you invest in, especially if you have a pension and $1 million or more saved for retirement. In this episode of Joe Knows Retirement, Joe explains how tax location can impact your retirement savings and why investing the same way across your Roth IRA, traditional...

If you're 55 to 59 with a pension and $1 million or more saved, you may be closer to retirement than you think. But turning decades of hard work into a retirement you feel confident about takes more than a healthy account balance. In this episode, Joe explains why these years are an important opportunity to prepare for your next chapter and build a plan that reflects what matters most to you and y...

Having a pension and $1 million or more saved can put you in a great position for retirement. But that dependable income also comes with planning challenges you may not see coming. In this episode of Joe Knows Retirement, Joe explains why he loves pensions and two key drawbacks that deserve your attention. You worked hard to get here. Make sure you understand the opportunities your pension creates...

Thinking about a Roth conversion? Moving the money is only part of the process. Choosing how much to convert, paying the taxes, and understanding the impact on your retirement plan are where costly mistakes can happen. In this episode, Joe explains how Roth conversions work and your options for converting. 🎥 Subscribe to our YouTube channel:  https://bit.ly/430T9Lv 📚Get a FREE copy of Joe's book...

If you have a pension and $1 million or more saved for retirement, your retirement decisions may look very different from everyone else's. In this episode of Joe Knows Retirement, Joe breaks down 7 major decisions that can change when you have a pension and significant retirement savings. You've spent decades saving and preparing for retirement. Now the goal is making smart decisions with what you...

If you have a pension and $1 million or more saved for retirement, doing nothing with your tax plan could become one of your most expensive mistakes. In this episode of Joe Knows Retirement, Joe walks through why diligent savers with pensions can face a much larger tax burden than they expect, especially as tax-deferred accounts continue to grow. 🎥 Subscribe to our YouTube channel:  https://bit.l...

Roth conversions can be one of the most powerful tax planning opportunities in retirement, especially if you have a pension and $1 million or more saved. But converting too quickly could mean missing other opportunities or paying taxes you did not need to pay. In this video, Joe covers 8 things to consider before doing a Roth conversion. The goal is not simply to convert as much as possible, but t...

If you have a pension and $1 million or more saved for retirement, Required Minimum Distributions could create a much bigger tax problem than you expect. Your pension, Social Security, and future RMDs can stack on top of each other, potentially pushing your retirement income higher and impacting your taxes and Medicare premiums. In this episode of Joe Knows Retirement, Joe breaks down how RMDs wor...

If you have a pension and $1 million or more saved for retirement, you've probably done a lot of things right. But a few decisions made at the wrong time could have a major impact on your taxes, investments, income, and even how much you enjoy retirement. In this episode of Joe Knows Retirement, Joe breaks down 10 retirement decisions people may regret making too early or waiting too long to make....

If you have $3 million or more saved for retirement, there are planning opportunities you may want to start thinking about differently. In this episode of Joe Knows Retirement, Joe walks through several advanced strategies that can become more important as your wealth continues to grow. 🎥 Subscribe to our YouTube channel:  https://bit.ly/430T9Lv 📚Get a FREE copy of Joe's book "Midwestern Million...

Many diligent savers enter retirement with most of their money sitting in tax-deferred accounts, but without a strategy for how those dollars will eventually be taxed. Add a pension, Social Security, required minimum distributions, Medicare premiums, and future estate considerations, and the tax impact can become much larger than expected. In this episode of Joe Knows Retirement, Joe breaks down s...

If you have a pension and $1 million or more saved for retirement, you may not need to protect your investments the same way as the average retiree. Your pension already provides a level of dependable income, which can completely change how you think about your investment allocation. In this episode of Joe Knows Retirement, Joe breaks down 5 protection options retirees may want to consider. He exp...

If you're retiring with a pension and around $2 million or more saved, you're in a great position. But having enough money doesn't mean your retirement plan is finished. In this case study, Joe breaks down a couple preparing to retire with a strong pension, substantial savings, and plenty of opportunities to make the most of the retirement they've worked so hard to build. 🎥 Subscribe to our YouTu...

If you have $100,000 or more sitting in the bank, is that really the best place for it? For diligent savers, especially retirees with a pension and $1 million or more saved, holding extra cash can feel safe. But too much cash could mean missed growth opportunities and unnecessary taxes. In this episode of Joe Knows Retirement, Joe breaks down how much you may actually need in an emergency fund and...

If you're single and retiring with a pension, your retirement plan may look very different from the typical retiree. From higher tax brackets and Medicare premiums to Roth conversions, legacy planning, and your pension election, several important decisions could have a major impact on your retirement. 🎥 Subscribe to our YouTube channel:  https://bit.ly/430T9Lv 📚Get a FREE copy of Joe's book "2%...

Many retirees hesitate to do Roth conversions because they believe the savings are only a couple of percentage points. But is that really the full story? In this episode of Joe Knows Retirement, Joe explains why focusing only on today's tax bracket can lead to costly mistakes later. If you have a pension, $1 million or more saved, or expect Required Minimum Distributions (RMDs), the true benefit o...

Should you own real estate if you have a pension and $1 million or more saved? Many retirees assume real estate is the obvious next investment, but the answer is more complicated than most people realize. In this video, Joe breaks down the biggest tax advantages of real estate and explains why most of our clients ultimately choose not to own rental properties in retirement despite the potential ta...

Roth conversions can be one of the best tax planning strategies in retirement, especially if you have a pension and $1 million or more saved. But what if the bigger opportunity isn't just saving taxes? In this episode of Joe Knows Retirement, Joe challenges Midwestern Millionaires to think beyond Roth conversions and ask a much bigger question: What is the real purpose of your money? 🎥 Subscribe...

If you have a pension and $1 million or more saved for retirement, simply filing your taxes may not be enough. The bigger opportunity could be proactive tax planning. In this episode of Joe Knows Retirement, Joe covers 8 more retirement tax strategies your CPA or financial planner may not be talking about. 🎥 Subscribe to our YouTube channel:  https://bit.ly/430T9Lv 📚Get a FREE copy of Joe's book...

You're 60 years old, you have a pension, and you've saved $2 million for retirement. Congratulations! But now comes one of the biggest tax planning decisions you'll ever make: should you be doing Roth conversions? In this episode, Joe walks through a real-world case study showing why Roth conversions may make sense for retirees with pensions and substantial retirement savings. You'll learn why thi...

If you're retiring soon with a pension, your retirement planning is different than most people. Less than 20% of retirees have a pension, and if you've also saved $1 million or more, you're in a unique financial position that requires more advanced planning. In this episode of Joe Knows Retirement, Joe covers the biggest retirement mistakes to avoid before making irreversible pension decisions. 🎥...

If you have a pension and $1 Million or more saved, often the question is not whether you should do a Roth conversion, but when. In this episode of Joe Knows Retirement, Joe walks through 13 Roth conversion windows that could help you reduce taxes, lower future required minimum distributions and make smarter retirement decisions. From early retirement to Medicare, Social Security, the widow's pena...

If you have a pension and $1 million or more saved, your biggest retirement concerns probably aren't what most people think. After helping thousands of retirees, I've noticed the same five concerns come up over and over again. They aren't worried about running out of money. They're worried about making the right decisions with the money they've worked so hard to save. 🎥 Subscribe to our YouTube c...

If you have a pension, your retirement may look very different than most people expect. Many retirees assume they'll spend down their investments throughout retirement. But if you have a pension, Social Security, and substantial savings, your portfolio may actually continue growing for decades. In this video, Joe explains why this happens, how compound growth can continue in retirement, and the ta...