In this episode, Mike Milligan discusses the critical phase of decumulation in retirement planning, emphasizing the need for a structured withdrawal strategy. He highlights common mistakes retirees make, such as under-planning and over-saving, which can lead to missed opportunities and regrets. The conversation covers various risks associated with decumulation, including market risk, longevity risk, and inflation risk, and how to build a customized decumulation plan that aligns with individual lifestyles and values. Additionally, the episode draws parallels between the longevity of Good Morning America and the principles of successful financial planning, stressing the importance of consistency, resilience, and purpose. Listeners are encouraged to engage in year-end financial housekeeping to ensure their plans are on track and to address listener questions regarding long-term care and inheritance planning.

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

 

In this episode, Mike Milligan discusses the critical phase of decumulation in retirement planning, emphasizing the need for a structured withdrawal strategy. He highlights common mistakes retirees make, such as under-planning and over-saving, which can lead to missed opportunities and regrets. The conversation covers various risks associated with decumulation, including market risk, longevity risk, and inflation risk, and how to build a customized decumulation plan that aligns with individual lifestyles and values. Additionally, the episode draws parallels between the longevity of Good Morning America and the principles of successful financial planning, stressing the importance of consistency, resilience, and purpose. Listeners are encouraged to engage in year-end financial housekeeping to ensure their plans are on track and to address listener questions regarding long-term care and inheritance planning.
Reach out to Mike and the team at 757.568.7722 or <a href="https://www.ideasbymike.com/">https://www.ideasbymike.com/</a>
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Welcome to The One of a Kind Financial Show, where host Mike Milligan breaks down financial planning in a way that's refreshingly unique and relatable. With a mix of straightforward advice, expert insights, and a touch of humor, Mike shares strategies to help listeners achieve financial independence and peace of mind. From retirement planning and tax-saving tips to legacy planning and beyond, every episode is packed with actionable advice designed for real people with real goals. Tune in to discover financial strategies that truly set you apart—because your future should be as unique as you are. Visit ideasbymike.com to learn more and start your financial journey today!

Mike Milligan is an investment advisor representative of Advisory Alpha, LLC, a SEC registered investment advisor. All opinions expressed by Mike Milligan is solely his/her own opinions and do not reflect the opinions of Advisory Alpha. These recordings are for informational purposes only and should not be relied upon for investment decisions.

Welcome to The One of a Kind Financial Show, where host Mike Milligan breaks down financial planning in a way that's refreshingly unique and relatable. With a mix of straightforward advice, expert insights, and a touch of humor, Mike shares strategies to help listeners achieve financial independence and peace of mind. From retirement planning and tax-saving tips to legacy planning and beyond, every episode is packed with actionable advice designed for real people with real goals. Tune in to discover financial strategies that truly set you apart&mdash;because your future should be as unique as you are. Visit <a href="https://ideasbymike.com/">ideasbymike.com</a> to learn more and start your financial journey today!
Mike Milligan is an investment advisor representative of Advisory Alpha, LLC, a SEC registered investment advisor. All opinions expressed by Mike Milligan is solely&nbsp;his/her&nbsp;own opinions&nbsp;and do not reflect the opinions&nbsp;of Advisory Alpha. These recordings are for informational purposes only and should not be relied upon for investment decisions.

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