What is the difference between having money saved and actually having income you can depend on in retirement? For most people, nobody has ever answered that question clearly.

Mark Kollar has spent 35 years answering it. He started his career on the floor of the Chicago Board of Trade watching first-hand how markets can be manipulated and how quickly a lifetime of savings can disappear when someone does not know what they do not know. The experience that drove all of it started much earlier, in second grade, when he watched bad advice, failed estate planning, and a devastating health event strip his father of everything he had built.

In this episode, Mark and Dwight cover:

- Why accumulation and income distribution are completely different retirement disciplines

- The red money versus green money framework and how to think about risk at different life stages

- The four tax baskets and why how you draw down your savings is as important as how much you saved

- Black swan events, excess fees, ego, and the emotional decisions that quietly derail well-funded retirements

- What a fiduciary standard means versus a suitability standard, and why it matters who you choose

- Why the wealthiest clients Mark works with all share one habit: multiple advisors

Mark is the owner of Kollar Wealth Advisors, a registered investment advisory firm, a certified senior advisor, a certified estate planning professional, and the author of The Retirement Navigator. He has been featured in the Wall Street Journal, Forbes, CNBC, the Washington Post, and Fox Business.

Get his free Seven Retirement Mistakes Report: https://sevenmistakes.subscribepage.io/

Connect with Mark Kollar:

Website: https://www.kollarinsuranceservices.com/

YouTube: https://www.youtube.com/@MarkKollarRetirementExpert

LinkedIn: https://www.linkedin.com/in/markakollar/

Facebook: https://www.facebook.com/kollarinsuranceservices

Connect with Dwight Heck and the Give A Heck Podcast:

Website: https://www.giveaheck.com

Podcast: https://www.giveaheck.com/podcast

YouTube: https://www.youtube.com/@giveaheck

Facebook: https://www.facebook.com/dwight.heck

Instagram: https://www.instagram.com/give.a.heck

LinkedIn: https://www.linkedin.com/in/dwight-heck-65a90150/

TikTok: https://www.tiktok.com/@giveaheck

Twitter/X: https://twitter.com/give_a_heck

Be a Guest: https://www.giveaheck.com/work-with-me