80% of Retirees Pay $0 in Federal Income Taxes… Here's Why You Won't

About this episode

Joe Schmitz Jr. discusses why most retirees pay little to no federal income taxes and why high savers often end up paying more.

Most retirees are paying little to NO federal taxes… so why are YOU paying so much? In this episode of Joe Knows Retirement, Joe breaks down the shocking truth behind why 80% of retirees avoid taxes and why high savers with pensions and $1M+ often end up paying MORE instead. If you've done everything right… saved diligently… built a pension… and now feel like you're being penalized, this video is for you. 🎥 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-podcast.html 🟥 Read our latest article featured in Kiplinger: https://www.kiplinger.com/taxes/tax-planning/who-hates-taxes-the-best-time-to-plan-for-taxes-is-now 📞 Schedule a call with our team: https://peakretirementplanning.com/schedule-a-meeting/

People in this episode

Host: Joe Schmitz Jr.

Topics covered

• retirement taxes
• federal income tax
• pensions
• savings
• financial planning

Keywords

• retirement
• federal taxes
• pensions
• savings
• financial planning
• tax strategies

Mentioned in this episode

Organizations: Kiplinger, Peak Retirement Planning

Products: I Hate Taxes

More episodes of Joe Knows Retirement

• Bad Retirement Advice I've Seen (Real Client Story) · April 28, 2026 · 19 min
• Why Your Future Net Worth Is MUCH Bigger Than You Think · April 25, 2026 · 17 min
• Do You ACTUALLY Have Enough? (The Truth for Pension + $1M Retirees) · April 23, 2026 · 21 min
• Widows, Be Aware of This BEFORE It's Too Late · April 21, 2026 · 14 min
• Stop Saving… Start Spending? The 4 Things You MUST Do With Your Money in Retirement · April 18, 2026 · 16 min
• If Your Advisor Isn't Doing THIS… You're Overpaying · April 16, 2026 · 18 min