Many retirees unknowingly make critical mistakes when withdrawing money from their retirement savings, potentially losing thousands of dollars to unnecessary taxes, market risk, and inefficient planning. In this episode, host Adam Olson breaks down the three biggest withdrawal strategy mistakes he has identified after analyzing over 100 different retirement income plans. These errors, which even experienced financial advisors often overlook, can drastically impact a retiree’s financial security and long-term wealth.
Listeners will learn why focusing solely on growing assets isn’t enough; the real key to a secure retirement is understanding how to withdraw funds strategically. Through the Withdrawal Coordination Principle, Adam explains how a dynamic approach to retirement withdrawals can increase income longevity—without requiring additional savings.
Key Takeaways:
• Why the Withdrawal Strategy Blind Spot causes retirees to focus on assets instead of income.
• The dangers of static withdrawal sequencing and how rigid planning can cost thousands in taxes.
• How to avoid the RMD Timing Trap and plan ahead for tax-efficient distributions.
• Why tax diversification imbalance can limit financial flexibility and increase tax burdens.
• Actionable strategies to optimize withdrawals and create a sustainable retirement income plan.
If you’re serious about maximizing your retirement income, don’t leave it to chance. Click the link in the description to complete a short questionnaire, and Adam will personally send you a custom video outlining the best withdrawal strategy for your situation. Take control of your retirement today!
“A magic number won’t give you a secure retirement—an income strategy will.” - 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.
