In this conversation, Mike Milligan discusses the One of a Kind Financial Plan, emphasizing its dynamic nature that adjusts to individual lifestyles and market conditions. He highlights the importance of healthcare, legacy, and faith in financial planning, and encourages listeners to seek assistance with various financial aspects such as taxes, retirement income, and investments. Reach out to Mike and the team at 757.568.7722 or https://www.ideasbymike.com/

In this episode, Mike Milligan discusses the importance of planning for a long and meaningful retirement, focusing on income resilience, inflation, and the need for a comprehensive financial plan. He emphasizes the significance of a longevity mindset, the impact of working longer on retirement income, and the necessity of adjusting for inflation in retirement planning. The conversation also touches on navigating life's uncertainties, honoring veterans, and practical financial advice through listener Q&A, highlighting real-life scenarios that retirees may face. 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 https://www.ideasbymike.com/  

In this episode of the One of a Kind Financial Show, Mike Milligan discusses significant tax changes coming in 2026, particularly affecting high earners over 50. The conversation covers the implications of the Secure 2.0 Act, IRS grace periods for Roth contributions, and the importance of coordinating financial strategies. Mike emphasizes the need for clear communication with clients regarding these changes and the necessity of building a comprehensive financial plan. The episode also touches on updates to Social Security, charitable deductions, and creative financial strategies, all while using Halloween-themed analogies to make the information engaging and relatable.   Reach out to Mike and the team at 757.568.7722 or https://www.ideasbymike.com/  

In this conversation, Mike Milligan and Gary Nolan explore the multifaceted nature of retirement, emphasizing that it is not merely a financial transition but a complete lifestyle redesign. They discuss the importance of having a purpose, managing time effectively, and the dynamics of couples navigating retirement together. The conversation also touches on the role of faith and calling in shaping retirement visions, as well as practical strategies for managing finances and legacy planning. Through listener questions, they provide insights into tax-efficient strategies and the significance of planning for healthcare costs in retirement. Reach out to Mike and the team at 757.568.7722 or https://www.ideasbymike.com/

In this episode of the One of a Kind Financial Show, Mike Milligan and Gary Nolan explore the multifaceted aspects of retirement planning. They discuss the emotional and psychological shifts that come with retirement, the importance of having a clear vision for this new phase of life, and the necessity of aligning financial plans with personal values and legacy goals. The conversation also highlights the significance of community and relationships in retirement, drawing lessons from Hall of Famers and cultural icons like James Taylor. Listeners are encouraged to prioritize experiences and relationships over mere financial accumulation, ensuring a fulfilling and impactful retirement journey. Reach out to Mike and the team at 757.568.7722 or https://www.ideasbymike.com/

In this episode of the One of a Kind Financial Show, Mike Milligan discusses the critical transition from receiving regular paychecks to managing retirement income. He emphasizes the importance of having a reliable retirement paycheck, navigating the complexities of tax implications, and creating a legacy plan that goes beyond financial assets. The conversation also addresses common listener questions about Roth conversions, Social Security strategies, and the significance of estate planning. Mike highlights the need for a comprehensive financial plan that encompasses income, taxes, investments, and legacy considerations to ensure a fulfilling retirement. Reach out to Mike and the team at 757.568.7722 or https://www.ideasbymike.com/

In this episode, Mike Milligan and Gary Nolan discuss the often-overlooked tax implications of retirement, including how the IRS remains a significant factor in retirees' financial lives. They explore strategies to minimize tax burdens, the impact of the Secure Act on inheritance, and the importance of personalized income planning. The conversation also draws parallels between financial planning and the legendary Thrilla in Manila boxing match, emphasizing adaptability and resilience. Additionally, they reflect on the evolution of Texas's economy over the past 50 years and address listener questions about retirement income strategies and property management. Reach out to Mike and the team at 757.568.7722 or https://www.ideasbymike.com/

In this episode, Mike Milligan discusses the realities of retirement planning, emphasizing the importance of starting early and saving smarter. He highlights the challenges retirees face, such as unexpected early retirement due to health issues or layoffs, and the need for a comprehensive financial plan. The conversation also covers the significant wealth transfer from baby boomers to the next generation, strategies for effective estate planning, and the emotional aspects of legacy planning. Mike explains the one-of-a-kind financial plan, which includes tax planning, retirement income, investment strategies, and long-term care considerations. The episode concludes with insights on social security timing and the importance of adapting financial strategies to individual circumstances. Reach out to Mike and the team at 757.568.7722 or https://www.ideasbymike.com/

In this episode, Mike Milligan and Gary Nolan discuss various aspects of financial planning, particularly focusing on the unique challenges faced by individuals in their 60s and beyond. They explore the rising trend of gray divorce, the emotional and financial implications of merging lives later in life, and the importance of understanding legal nuances in property division. The conversation also delves into the complexities of Required Minimum Distributions (RMDs), the differences between IRAs and 401(k)s, and innovative strategies for managing retirement income. Additionally, they introduce the concept of the funded ratio as a new metric for assessing retirement readiness, emphasizing the need for a dynamic financial plan that adapts to changing circumstances. The episode concludes with listener questions addressing common concerns about retirement planning and long-term care. Reach out to Mike and the team at 757.568.7722 or https://www.ideasbymike.com/