This episode of Retirement Success with Steve and Elizabeth Holland, and host MJ Schnitt, dives deep into one of the most complex puzzles facing retirees: designing an airtight, sustainable retirement income strategy that lasts without forcing a sacrifice in lifestyle. The discussion covers the critical shift from pensions to self-managed plans, demolishes outdated income rules, and introduces a foundational three-part framework for generating income while minimizing the impact of the "silent killer"—taxes.Key Takeaways from the Conversation

• Move Past Outdated Rules: The old 4% withdrawal rule is no longer valid; a successful plan must be designed for longevity and must account for market volatility, inflation, and tax changes over 30+ years.
• Segment Your Wealth: Employ a three-part strategy by segmenting funds into Short-Term (1–5 years for liquidity), Mid-Term (5–10 years conservative), and Long-Term (10+ years for strategic growth).
• Create Your Own Pension: With the decline of defined benefit plans (pensions), modern retirement requires a custom plan to generate reliable income, placing the full responsibility on the retiree.
• Factor in Essentials and Taxes: Prioritize covering "must-have" expenses (housing, healthcare, etc.) with stable income, and utilize a tax-aware withdrawal strategy that blends withdrawals from taxable, tax-deferred, and tax-free accounts to maximize tax efficiency.
• Optimize Social Security and Utilize Tools: Don't view Social Security as a simple check; it's a critical strategy. Supplement any income gap using tailored financial tools, such as fixed annuities with potential riders for long-term care, to provide stability and sustainability outside of the stock market.

Contact The Holland Group Retirement Wealth Advisors for a complimentary, no-obligation review by calling (727) 295-3451, or visit AskTheHollands.com to schedule a discovery call at your convenience.