Many believe that hitting the $1 million savings milestone automatically grants financial freedom in retirement—but that’s far from the truth. In this eye-opening episode, retirement expert Adam Olson breaks down why having a million dollars in your portfolio doesn’t guarantee peace of mind, freedom, or even the confidence to retire. He shares real-world client experiences, including Joe and Jennifer, a couple who had crossed the seven-figure threshold but still felt paralyzed when it came to spending.
Adam uncovers the emotional and practical reasons why retirees hesitate to draw from their savings, and how fear of running out of money leads many to live far more frugally than necessary. More importantly, he offers clear, actionable strategies to help you confidently transition from accumulation to distribution, so you can enjoy the life you worked hard to build.
In this episode, you’ll discover:
• Why income—not savings—is the key to retirement security
• The critical questions you need to answer before retiring
• How to create stable “retirement paychecks” that mirror your working years
• What the Red Zone Retirement Planning process looks like in action
• How to manage risks like market downturns, long-term care, and tax bombs
• How to use asset allocation, cash reserves, and guaranteed income for peace of mind
• Why planning for the Go-Go, Slow-Go, and No-Go years is a game changer
If you’re within 10 years of retirement or already there, this episode is a must-listen to help you rethink how to use your wealth with clarity and confidence.
Want personalized insights about your retirement readiness? Take the free Retirement Assessment today using the link in the show notes. After completing a short questionnaire, Adam will send you a custom video walkthrough with strategic guidance to help you build your ideal retirement plan.
“Having a million dollars saved doesn’t mean you know how to spend it in retirement.” - Adam Olson
Learn more about Adam Olson by visiting the following links:
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Investing involves risk, including loss of principal.
Be sure to understand the benefits and limitations of your available options and consider all factors prior to making any financial decisions. Any strategies discussed may not be suitable for everyone.
Securities and advisory services offered through Mutual of Omaha Investor Services, Inc. Member FINRA/SIPC. Adam Olson, Representative. Mutual of Omaha Investor Services is not affiliated with any entity listed herein.
This podcast is for educational purposes only and may include references to concepts that have legal and/or tax implications. Mutual of Omaha Investor Services and its representatives do not offer legal or tax advice. The information presented is subject to change without notice and is not intended as an offer or solicitation with respect to the purchase or sale of any security or insurance product.
Mutual of Omaha Investor Services and its various affiliates do not endorse or adopt comments posted by third parties. Comments posted by third parties are their own and may not be representative or indicative of other's opinions, views, and experiences.
