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.

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