Crash Test Your 401K & The Retirement Redzone

This week on "On the Money," financial coaches Jerry and Nick Royer tackled the challenges of making your money last through retirement, managing market risk, and minimizing taxes. The show kicked off with troubling stats about recent market drops and emphasized the importance of "crash testing" your retirement plan — simulating stressors like market downturns, tax hikes, and inflation spikes to ensure your financial future is protected. Using analogies like cars needing safety features and scan tools, the Royers highlighted the necessity of income streams that won't dry up in turbulent times and the risks of overconfidence, timing, and emotional decision-making. They reminded listeners that simply believing their plan is "fine" isn't enough.

The Royers also focused on the "retirement red zone" — the crucial five years before and after retiring — where even small missteps can lead to significant losses. They stressed the importance of having diversified investment buckets, knowing withdrawal rates, and coordinating accounts, rather than relying on luck or outdated advice. The episode concluded with myth-busting around common retirement misconceptions, reinforcing that everyone—regardless of wealth or age—can benefit from professional financial guidance to build a secure, dependable, and flexible retirement plan.


For more information about Nick & Jerry Royer and the Group 10 Financial Team, visit https://group10financial.com/