Most pre-retirees believe that saving more money means a more secure retirement—but what if that mindset is actually holding you back? In this episode, host Adam Olson dives into the over-saving trap, a common financial mistake that leaves retirees living well below their means, missing out on the life they worked so hard to build. Instead of securing financial freedom, they create a self-imposed financial prison.
Adam breaks down why fear of market downturns, healthcare costs, and running out of money cause many to delay retirement unnecessarily or drastically underspend when they don’t have to. With real-life examples and practical financial strategies, this episode uncovers why a structured retirement income plan is more important than just accumulating a big savings balance.
Key Takeaways:
• More savings doesn’t equal more security—structured income does.
• The retirement red zone (5-10 years before and after retirement) is the most critical period for financial decisions.
• Delaying retirement due to fear can steal your best years and lead to unnecessary work stress.
• Creating tax-efficient income streams prevents a financial “tax bomb” later in retirement.
• True legacy isn’t just about passing down wealth—it’s about using your wealth wisely today while securing generational financial stability.
If you’re ready to rethink your approach to retirement and start living freely without fear, this episode is for you. Click the link in the description to get a free, personalized retirement analysis and make sure your money is working for you—not against you.
“The greatest risk in retirement isn’t running out of money; it’s never truly living because you’re too afraid to spend.” - 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.
