Unveiling the True Cost of Retirement: Is $1 Million Really Enough?

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Money Mastery UNLEASHED

Adam Olson

162 episodes

1 day ago

Securities and advisory services offered through Mutual of Omaha Investor Services, Inc. Member FINRA/SIPC. Adam Olson, Representative.

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Securities and advisory services offered through Mutual of Omaha Investor Services, Inc. Member FINRA/SIPC. Adam Olson, Representative.

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Unveiling the True Cost of Retirement: Is $1 Million Really Enough?

Money Mastery UNLEASHED

15 minutes 31 seconds

3 months ago

Unveiling the True Cost of Retirement: Is $1 Million Really Enough?

How much you need to retire quiz: https://adamdolson.com/retire-quiz/

When $1 Million Isn't Enough for Retirement: The Truth About Retirement PlanningIn this video, learn why $1 million might not be sufficient for your retirement and discover the key factors that influence the longevity of your retirement savings.

Expert financial planner Adam Olson breaks down how your retirement age, inflation, and withdrawal strategies impact your financial security.

He challenges the outdated $1 million myth and provides practical steps to create a reliable income strategy tailored to your unique needs.Understand the importance of timing, the flaws of the 4% rule, and how to build a dynamic retirement plan that adapts to real-life challenges.

This episode is essential for anyone looking to navigate the complexities of modern retirement planning.

00:00 Introduction: When $1 Million Stops Being Enough for Retirement

01:29 The Myth of the $1 Million Retirement Fund

04:07 The Impact of Retirement Timing

06:26 The Flaws of the 4% Rule

08:19 Inflation and Longevity: The One-Two Punch

09:38 Assets vs. Income: The Real Focus of Retirement

11:04 Building a Successful Retirement Strategy

13:53 Conclusion and Next Steps

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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.