What should you do with your 401(k) when you retire? After working for 30 or 40 years and saving diligently, many retirees reach the same question: should you leave your 401(k) where it is or move it to an IRA? In today's episode, Joe walks through the four key things every retiree must understand before making this decision. Getting this wrong could cost you thousands in missed opportunities, higher taxes, or poor investment flexibility.

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Roth conversions can be one of the most powerful tax strategies for retirees. But we constantly see people avoid them because of a few common myths. If you have a pension and have saved $1 million or more for retirement, these misconceptions could cost you a lot in unnecessary taxes over time. Joe breaks down three of the biggest Roth conversion myths we hear from retirees and pre-retirees. Understanding these could help you make a much smarter decision about when and how much to convert. If you want to reduce lifetime taxes, protect your retirement income, and plan more efficiently around pensions, Social Security, and RMDs, this is a strategy you should understand.

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If you recently inherited an IRA or expect to receive one in the future, there are some major tax mistakes you need to avoid. Many retirees assume they can treat an inherited IRA just like their own retirement account. Unfortunately, the rules are very different, and making the wrong move could cost you thousands in unnecessary taxes. In today's episode of Joe Knows Retirement, Joe walks through 7 key strategies to help you handle an inherited IRA the right way, especially if you're part of the group we often work with: retirees who have pensions and $1M or more saved. If you're a diligent saver, a pension holder, or what we call a Midwestern Millionaire, these planning decisions can make a huge difference in your retirement strategy.

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If you have a pension and $1 million or more saved, Required Minimum Distributions (RMDs) could become one of the biggest tax challenges in your retirement. Most people are told they'll be in a lower tax bracket in retirement. But for those with pensions, Social Security, and large retirement accounts, the opposite is often true. Joe breaks down why prepaying your RMDs could actually be a powerful tax strategy and how it can help you. If you fall into the group of retirees with a pension and significant savings, your planning is different than most people. The strategies discussed here could potentially save tens or even hundreds of thousands in taxes over your lifetime.

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If you have a pension and serious savings, your retirement planning needs to be different. What works for most people can actually cost you hundreds of thousands in taxes and missed opportunities. In this video, Joe walks through a 7-point retirement checklist specifically designed for those with a pension and significant assets. This is advanced planning focused on taxes, income strategy, and protecting your spouse and family long term. If you are frugal, have Midwestern values, and want to retire with confidence while avoiding costly mistakes, this checklist is for you.

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If you have a pension and serious savings, this new tax law could be one of the biggest retirement opportunities you'll ever see. In this episode of Joe Knows Retirement, Joe breaks down three powerful strategies inside the One Big Beautiful Bill that can help retirees keep more of their hard-earned money and avoid massive tax mistakes. If you are in or near retirement and want to maximize your income, protect your spouse, and reduce taxes long term, this is a must-watch.

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If you have a pension, Social Security, and $1 million or more saved, you are in a rare group of retirees. You did everything right. But when all three income sources start working together, taxes, RMDs, Medicare premiums, and Social Security taxation can quietly explode if you do not plan correctly. In this episode, Joe breaks down the three-legged stool of retirement income and explains why high income retirees often pay more taxes in retirement than they ever expected. If you are a disciplined saver with Midwest values and a pension, this episode is for you.

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If you already have a pension, you may already own the best income annuity there is and you might not need another one. In this video, Joe breaks down why pensions act like built in income annuities, when buying an income annuity is usually unnecessary, and the one specific situation where it could actually make sense. If you have a pension and want to avoid overpaying for income you already have, this is a must watch.

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