Most People Get This Wrong About Retirement Investing—Do You? | Ep 10

Make It Personal Podcast

In this episode of the Make it Personal podcast, host Mark Zagurski dives into Principle #5 of the Seven Principles for Your Success:Retirement Investing – It’s Personal and Subject to Change. Building on the foundations laid in previous episodes, Mark takes a personalized approach to the complexities of retirement planning. With retirement potentially lasting 30 years or more, this principle highlights the importance of tailored strategies that adapt to your evolving goals and circumstances.

Listeners will learn why a one-size-fits-all approach to retirement planning falls short and why understanding the nuances of asset location, tax implications, and withdrawal strategies is critical. Topics include the potential pitfalls of being “retirement plan rich but cash poor,” the pros and cons of 401(k) plans, and how to balance taxable, tax-deferred, and tax-free accounts for maximum flexibility.

Key takeaway points:

• Retirement is personal: Your strategy should reflect your unique lifestyle, goals, and financial situation.

• The power of location: Proper asset location can significantly impact your after-tax returns and retirement income.

• Rules of thumb are just starting points: Principles like the 10/4/80 “cheat code” need to be customized for individual circumstances.

• Professional guidance matters: A trusted financial advisor can help navigate tax strategies, account diversity, and market changes.

Ready to craft a retirement strategy that’s as unique as you?Subscribe now on your favorite podcast platform to stay updated on future episodes. Don’t forget to grab a copy of the accompanying eBook through the link in the show notes for a deeper dive into the Seven Principles. At Mutual of Omaha Advisors, it’s your money, your plan, and your future—let’s make it personal!

“Asset location matters as much as asset allocation; diversifying across taxable, tax-deferred, and tax-free accounts provides control, flexibility, and security.” - Mark Zagurski

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Investing involves risk, including loss of principal.

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, Inc. does not provide tax or legal advice. Please consult with the appropriate professional regarding your personal situation prior to making any financial decisions. Strategies discussed may not be suitable for everyone. Securities and advisory services offered through Mutual of Omaha Investor Services, Inc. Member FINRA/SIPC. Mutual of Omaha Advisors is a division of Mutual of Omaha Insurance Company.