Welcome to Retirement Success with Steve and Elizabeth Holland and Todd "MJ" Schnitt. For over 30 years, The Holland Group Retirement Wealth Advisors have been helping clients create customized, tax-advantaged retirement plans. In this episode, we discuss why retirement is a long-term marathon, not a sprint, and the strategies you need to make your money last.Key Takeaways from the Discussion:

• Longevity is a Challenge: With people living longer than ever before, retirement planning must account for a 20 to 30-year "marathon" of unemployment, requiring a detailed, long-term strategy.
• Avoid "Dead Money": Keeping large amounts of cash uninvested in low-yield accounts is a costly mistake. The show highlights the "opportunity cost" of this "lazy money," which is a loss of potential growth that is essential for a successful retirement.
• Secure Your Essentials: A solid financial foundation involves separating your expenses into two categories. Essential needs should be funded by reliable income sources like pensions and annuities, while lifestyle expenses can be covered by a growth-oriented portfolio.
• Optimize Social Security: The biggest mistake people make is treating Social Security as a simple on/off switch. By delaying your benefits, you can significantly increase your lifetime income, potentially resulting in a six-figure difference.

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.