Most pre-retirees have no idea how much they’ll need per month to retire comfortably, and many retirement planning tools don’t help—they assume spending stays constant over time. But in this episode, listeners will discover the truth about retirement spending patterns and why understanding these shifts can mean the difference between retiring early and working years longer than necessary.

Through real data from the Bureau of Labor Statistics, host Adam Olson breaks down retirement spending into three key phases: the Go-Go Years (ages 65-74), the Slow-Go Years (ages 75-84), and the No-Go Years (85+). Listeners will learn how discretionary spending on travel and entertainment peaks early in retirement, healthcare costs rise later, and transportation and housing expenses typically decrease over time. This insight challenges conventional retirement planning wisdom and reveals how outdated financial models could be pushing people to delay retirement unnecessarily.

Key Takeaways:

• Most retirement calculators overestimate lifetime spending by 15-25%, potentially adding years of unnecessary work.

• Spending decreases as retirees age, with later years requiring less than commonly assumed.

• A strategic approach—factoring in spending phases—could allow for early retirement while ensuring financial security.

• The “Red Zone Retirement Planning” strategy helps retirees optimize their spending and investments for maximum freedom.

Ready to take control of your retirement plan? Get a personalized video analysis of your retirement timeline by clicking the link in the description.

“Without clarity on spending, you risk depleting your savings prematurely or working longer than necessary.” - Adam Olson

Learn more about Adam Olson by visiting the following links:

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Investing involves risk, including loss of principal.  

 Be sure to understand the benefits and limitations of your available options and consider all factors prior to making any financial decisions.  Any strategies discussed may not be suitable for everyone. 

Securities and advisory services offered through Mutual of Omaha Investor Services, Inc. Member FINRA/SIPC.  Adam Olson, Representative.  Mutual of Omaha Investor Services is not affiliated with any entity listed herein. 

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