In this episode, Mike Milligan and Gary Nolan discuss essential financial planning tips for the upcoming year, focusing on budgeting, maximizing retirement contributions, evaluating insurance, and tax strategies. They emphasize the importance of setting financial goals, rebalancing investment portfolios, and planning for long-term care and health expenses. The conversation also covers the significance of charitable giving and estate planning, along with strategies for optimizing Social Security benefits. In this conversation, Gary Nolan and Mike Milligan delve into the complexities of retirement planning, emphasizing the importance of language, estate planning, and effective communication with family. They discuss the significance of having a will, the impact of longevity on financial strategies, and the necessity of understanding Social Security and Medicare in the context of long-term care. The dialogue also highlights the evolving perspectives on wealth across generations and the need for personalized financial plans that cater to individual needs and preferences.

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