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/ 

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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/ 

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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/ 

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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/ 

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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/ 

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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/ 

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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

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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

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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

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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

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