In this episode of Retirement Success with Steve and Elizabeth Holland, hosted by Todd "MJ" Schnitt, they address the significant shifts in retirement planning. Old strategies are no longer sufficient, requiring individuals to adapt to secure their financial future.Key Takeaways from the Discussion:

• Evolving Retirement Landscape: Pensions are dwindling, making "do-it-yourself" 401(k)s crucial for income generation. Be cautious of "fund of funds" (target-date funds) in 401(k)s, but continue contributions for tax-deferred growth even without an employer match.
• Navigating Market Realities: Expect continuous market volatility. Success hinges on discipline, focus, and a long-term perspective, especially as retirement nears.
• Planning for Longevity and Costs: With increasing lifespans, particularly for women, planning for sustainable income is vital. Be aware of significant, often underestimated, hidden costs like long-term care, which Medicare may not fully cover.
• Addressing Modern Retirement Challenges: Unlike previous generations, today's retirees often face substantial obstacles from credit card debt and medical bills. Proactive tax planning is essential to mitigate the impact of looming tax changes, such as potential higher tax brackets in 2026.
• The Fiduciary Advantage & Local Support: Opt for fiduciary advisors like The Holland Group who are legally bound to act in your best interest, unlike traditional brokers with potential conflicts. Benefit from personalized, long-term support from a stable, local firm where you meet directly with the founders.
• The Value of a Second Opinion: A complimentary review of your current financial plan from experts can provide critical clarity and strengthen your financial position.

For a complimentary, no-obligation financial review, contact The Holland Group Retirement Wealth Advisors at (727) 295-3451. You can also visit AskTheHollands.com for more information.