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.

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