If you have a pension and $1 million or more saved, there's a major Roth conversion window you need to understand before it closes. In this video, Joe breaks down the biggest opportunities retirees have right now to reduce future taxes, lower Medicare costs, avoid the widow's penalty, and create more tax-free income in retirement.

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🟥 Read our latest article featured in Kiplinger: https://www.kiplinger.com/retirement/roth-conversion-can-head-off-medicare-irmaa

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If you have a pension and $1 million or more saved, retirement planning is completely different. In this episode of Joe Knows Retirement, Joe breaks down the biggest pension mistakes retirees make and how to avoid paying unnecessary taxes, Medicare penalties, and retirement income mistakes. If you've worked 30 to 40 years for your pension, this video will help you protect it and maximize it for your retirement, your spouse, and your family.

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Only 2% of Americans have both pensions and $1 million or more saved for retirement. If that is you, welcome to the 2% Club! This book was written for you. It's dedicated to all the American heroes who've lived a life of service, and the blue-collar professionals who've worked hard and saved diligently for decades. In this book, you'll learn how to:

- Simplify and optimize your retirement with the "5 Pillars of Pension Planning"
- Enjoy the full value of your pension (it may be more valuable than you think)
- Decrease your tax bill through strategic Roth conversions and smart withdrawal planning
- Plan for pension options such as lump sum options and survivorship options
- Optimize Social Security and protect your wealth from Medicare premium increases
- Enjoy your retirement and spend more money (many in the 2% Club struggle with spending money)
- Create a legacy that benefits your family and favorite charities

Having a pension puts you in a rare financial position that requires advanced planning. This book will help you become a better steward of what you worked so hard to build. You've already done the heavy lifting. Now is your time to retire with peace, purpose, and a plan.

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📚Get a FREE copy of Joe's book "2% Club":
https://keap.page/bsd964/2-percent-toolkit-podcast.html

🟥 Read our latest article featured in Kiplinger: https://www.kiplinger.com/taxes/tax-planning/reducing-lifetime-taxes-for-retirees-in-two-percent-club

📞 Schedule a call with our team: https://peakretirementplanning.com/schedule-a-meeting/

Timestamps:

(00:00) – The 2% Club
(00:13) – Introduction: What Is the 2% Club?
(01:41) – Chapter 1: The 2% Club Are "Midwestern Millionaires"
(05:13) – Chapter 2: Having a Pension and Being in the 2% Club
(11:19) – Chapter 3: Tax Planning
(38:18) – Chapter 4: Investment Planning
(51:20) – Chapter 5: Income Planning
(01:07:12) – Chapter 6: Pension Options
(01:31:09) – Chapter 7: Healthcare Planning
(01:37:12) – Chapter 8: Estate Planning
(01:43:05) – Chapter 9: Purpose Planning
(01:52:31) – Conclusion
(01:55:47) – A Team to Serve You in Retirement
(02:00:02) – Thank You For Listening