In this episode of the One of a Kind Financial Show, Mike Milligan discusses the significant impact of inflation on retirees, emphasizing how it affects purchasing power and financial security. He explores the challenges retirees face, including rising healthcare costs and the importance of having a solid financial plan to navigate unexpected life changes. The conversation also highlights the hidden costs in retirement, such as early withdrawal penalties and investment fees, and the emotional adjustments that come with retirement. Mike stresses the importance of open communication about financial matters with family members to ensure a smooth transition and legacy planning.

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