If you're the millionaire next door who has diligently saved all your life, it's important that you plan properly for these sneaky expenses in retirement. In this episode of Joe Knows Retirement, Joe talks about some of the lesser known expenses that can be costly for retirees with at least $1 million in tax-deferred investments and shares some of the best ways 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/  🎥 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 📞 Apply to talk with us: https://peakretirementplanning.com/schedule-a-meeting/

RMDs, or required minimum distributions, can throw an unexpected wrench in your retirement income and tax plans (and cost you thousands of dollars) if you aren't prepared for them. In this episode of Joe Knows Retirement, Joe answers four big questions about RMDs to help you understand the negative impact they can have and the importance of planning for them now. 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 📞 Apply to talk with us: https://peakretirementplanning.com/schedule-a-meeting/

When was the last time you asked yourself, "Is my financial advisor doing a good job for me?" Just because you have a financial advisor doesn't mean you're getting premium or comprehensive service. That's why in this episode of Joe Knows Retirement, Joe shares ten questions you can ask to see if your financial advisor is providing you all the services you deserve or if maybe it's time to move on to a different advisor. 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 📞 Apply to talk with us: https://peakretirementplanning.com/schedule-a-meeting/

All investments fall into one of three buckets: taxable, tax-deferred, or tax-free. In this episode of Joe Knows Retirement, Joe explains how each bucket works, gives examples of investments that fall into each bucket, and shares how to best use each bucket to plan for 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/  🎥 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 📞 Apply to talk with us: https://peakretirementplanning.com/schedule-a-meeting/

While losing a spouse is hard enough on its own, it can be made even harder by the widow's penalty, which is a significant increase in taxes that widows may be forced to pay. In this episode of Joe Knows Retirement, Joe shares why the widow's penalty is such a personal issue for him and gives tips on how you can best plan for it so you can minimize its effects. 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 📞 Apply to talk with us: https://peakretirementplanning.com/schedule-a-meeting/

The question every soon-to-be retiree asks themselves is, "How much money do I actually need to retire?" In this episode of Joe Knows Retirement, Joe answers that question by breaking down the different streams of income you might have in retirement and inviting you to consider how much money you need to live on per year. 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 📞 Apply to talk with us: https://peakretirementplanning.com/schedule-a-meeting/

In this episode of Joe Knows Retirement, Joe is back in the studio with Mindy and Boots to talk about all things retirement. From how much money you need to retire to the importance of have an estate plan in place, Joe discusses it in this fun interview. 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 📞 Apply to talk with us: https://peakretirementplanning.com/schedule-a-meeting/

With over 2,700 rules and 500 different ways to claim it, social security is complex. That's why in this episode of Joe Knows Retirement, Joe makes things simple by breaking social security down into easier-to-understand parts and answering your most asked social security questions. From whether or not social security is going away to knowing when the best time to take social security is, Joe knows social security. 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 📞 Apply to talk with us: https://peakretirementplanning.com/schedule-a-meeting/

If you've ever been told, "You'll pay less taxes in retirement," you may have been misinformed. In this episode of Joe Knows Retirement, Joe talks about how if you have a pension or you're a diligent saver, then you may actually find yourself paying higher taxes in retirement, not lower. He discusses social security taxes, Medicare premiums, tax-deferred investments, and other things you need to pay attention to so you don't pay more taxes in retirement than you need. 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 📞 Apply to talk with us: https://peakretirementplanning.com/schedule-a-meeting/

Pensions are super valuable in retirement, but they can also make tax planning that much trickier. That's why in this episode of Joe Knows Retirement, Joe dives into the topic of pensions, how they can affect your taxes, and what you can do to keep your taxes as low as possible. 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 📞 Apply to talk with us: https://peakretirementplanning.com/schedule-a-meeting/