The conversation explores the impending great wealth transfer from baby boomers to younger generations, highlighting the financial challenges faced by Gen X and millennials. It emphasizes the importance of financial literacy, risk management, and the need for comprehensive financial planning to avoid pitfalls seen in historical financial failures. The discussion also touches on the necessity of open conversations about wealth within families and the impact of societal changes on financial stability. In this episode, Mike Milligan discusses various aspects of retirement planning, focusing on maximizing retirement income, understanding policy changes that affect retirees, and the future of Social Security and Medicare.  The conversation highlights the need for personalized financial plans that cater to individual circumstances and goals.

Reach out to Mike and the team at 757.568.7722 or https://www.ideasbymike.com/