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/ 

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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/ 

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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/ 

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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/ 

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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/ 

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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/ 

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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/ 

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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

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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/ 

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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/ 

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