Greed & Fear: The Two Emotions That Can Destroy Retirement Success

Hosted by Todd “MJ” Schmidt, this episode of Retirement Success features Steve and Elizabeth Holland of The Holland Group Retirement Wealth Advisors as they pull back the curtain on their brand-new book, Greed and Fear: Conquer Both for Retirement Success.After more than three decades of helping retirees navigate market cycles, economic uncertainty, and life-changing financial decisions, the Hollands have identified two powerful emotions that drive many of the biggest retirement mistakes: greed and fear.In this episode, they explain how chasing returns, reacting to market headlines, avoiding investment risk, and making emotional decisions can quietly derail even the most carefully built retirement plan. From the dot-com crash and market volatility to retirement income planning, hidden fees, taxes, healthcare costs, and legacy planning, this conversation explores the real challenges retirees face—and how to overcome them with a disciplined strategy.In This Episode:Why greed and fear are often the biggest threats to retirement successHow emotional investing can lead to costly financial mistakesThe dangers of chasing market returns late in your careerWhy keeping too much money in cash can quietly erode purchasing powerLessons from the dot-com crash and other major market downturnsWhy retirement is about income—not just account balancesThe importance of managing sequence-of-returns risk in retirementHow market volatility affects retirees differently than younger investorsThe hidden impact of fees, expenses, and investment complexityWhy transparency matters when evaluating financial adviceThe role taxes play in a comprehensive retirement strategyHealthcare costs, inflation, and the challenge of living longerEstate planning essentials every family should understandHow to create confidence, stability, and purpose throughout retirementKey insights from the Hollands’ new book, Greed and Fear: Conquer Both for Retirement Success.Whether you're approaching retirement, already retired, or simply want to make smarter financial decisions, this episode offers valuable lessons on avoiding emotional mistakes and building a retirement strategy designed to last.