Month: September 2025

How Retirees can Safely Withdraw 4.7% or Even 5.5%
William P. Bengen’s Newest Updates: How Retirees Can Safely Withdraw 4.7% or Even 5.5% Ep. 33

William P. Bengen’s Newest Updates: How Retirees Can Safely Withdraw 4.7% or Even 5.5% Ep. 33

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William Bengen retirement withdrawal strategies have shaped how millions plan for retirement. Known as the creator of the famous 4% Rule, Bengen now reveals new research that challenges the old standard. In this episode of the Ideas by Mike™ Podcast, Mike Milligan, CFP®, asks the key question: is 4% rule still safe in 2025?

Bengen explains why his updated research supports a 4.7% withdrawal rate, when retirees might take even 5.5%, and how diversification, inflation, and market conditions impact retirement success.

📞 Book your free complimentary portfolio analysis today: https://calendly.com/ideasbymike/linkedin-strategy-call?month=2025-07

**We’d love to hear your thoughts! Don’t forget to subscribe and leave a comment below!**

👤 About Our Guest: William P. Bengen

William P. Bengen is the pioneering financial planner who first formulated the now-famous “4 % Rule” for retirement withdrawals and coined the term “SAFEMAX.” With over 30 years of research on maximizing sustainable income in retirement, he’s updated the rule to 4.7 % in his new book A Richer Retirement. Bengen holds a B.S. in Aeronautics & Astronautics from MIT and an advanced degree in financial planning, and runs a website where he shares his charts, tables, and ongoing research.

If you want to dive deeper into Bengen’s research? Visit his website: https://www.bengenfs.com/

To explore free retirement planning charts, and grab his new book A Richer Retirement on Amazon to learn how to supercharge the 4% Rule, click this!

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Resources:

Tom Hegna’s Retirement Playbook: Proven Formula for Retirement Income, Wealth & Peace of Mind Episode 32

Stream all past episode of Ideas by Mike™ Podcast!

Connect with Mike Milligan, CFP®:

Do you have any financial inquiries you need answered?
Send us an email – mike@mikemilligancfp.com
Or Call/Text “PODCAST” to (757) 909-7151

Intro and Outro Music: “Podcast Interview Background Music” by Ievgen Poltavskyi (HitsLab) via Pixabay

#ideasbymike #moneymanagementpodcast #wealthbuilding #retirementplanning #financialplanningpodcast #careerjourneypodcast #clientservices #worklifebalance #impactfulcareers #personalizedfinance #retirementwithdrawalstrategies #communityengagement #financialliteracypodcast #podcast #podcastforfinancialliteracy #financialmanagementpodcast #financialplanningguide #financialliteracymatters #financialtips #financialhelp #financialstrategies #socialsecuritytips #federalbenefitsconsultant #cfp #annuity #Safewithdrawalrates #RetirementWithdrawalStrategies

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learn-how-to-retire-with-Confidence-with-Tom-Hegna
Conversation with Tom Hegna: Proven Formula for Retirement Income, Wealth & Peace of Mind (Ep. 32)

Conversation with Tom Hegna: Proven Formula for Retirement Income, Wealth & Peace of Mind (Ep. 32)

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Tom Hegna retirement income strategies are some of the most researched, proven methods to retire with security, peace of mind, and lasting wealth. In this episode of the Ideas by Mike™ Podcast, Mike Milligan, CFP®, sits down with Tom Hegna—renowned author of Paychecks and Playchecks and Don’t Worry, Retire Happy—to uncover his formula for creating guaranteed lifetime income, reducing taxes, and protecting family wealth. #TomHegna #RetirementIncomeStrategies #ideasbymike

Stream all past episode of Ideas by Mike™ Podcast for Expert Financial Planning Insights in our YouTube channel!

📞 Book your complimentary Financial & Retirement Planning Analysis: https://calendly.com/ideasbymike/linkedin-strategy-call?month=2025-07

✅ Subscribe for more expert financial planning insights, insider tax strategies, retirement income tips, and legacy planning ideas from the financial planning world.

👤 About Our Guest: Tom Hegna

Tom Hegna is a world-renowned retirement income expert, economist, and author widely known as the “Retirement Income Guru.” With decades of experience as a financial industry executive, retirement strategist, and keynote speaker, Tom has helped thousands of individuals and advisors understand how to retire happy and secure.

 

👉 Follow Tom Hegna:

YouTube – https://www.youtube.com/@UCZLVr1-144LsPDrWR1cyqWQ

LinkedIn – https://www.linkedin.com/in/tomhegna/

Website – https://tomhegna.com/

 

💡 In this Episode 32, you’ll learn how to:

– Why annuities must play a foundational role in retirement income.

– The truth about fake fiduciaries—and how to spot them.

– Strategies for Roth conversions and cash value life insurance.

– How to build a wealth floor with life insurance for your family.

– Why guaranteed income leads to happier, longer retirements.

– How to prepare for the long-term care crisis with hybrid solutions.

– The balance between short-term liquidity and long-term stability.

This conversation with Tom Hegna is packed with insights that every retiree and pre-retiree should hear. This conversation is a masterclass in building a plan that actually works—covering income, taxes, legacy, investments, and healthcare.

 

📖 Episode Chapters:

00:00 – Tom Hegna Retirement Income Strategies (Intro)

02:22 – Tom’s Journey into Financial Services

06:02 – From New York Life to Bestselling Author

07:19 – Golf Lessons & Financial Planning

09:49 – What Are Fake Fiduciaries?

11:28 – Hybrid Retirement: Redefining Work-Life Balance

14:10 – The Rising Tax Problem & Roth Conversions

16:19 – Life Insurance & Roth for Tax-Free Income

17:45 – The Coming Long-Term Care Crisis

19:21 – Annuities Myths vs. Reality

20:57 – How to Decide if Annuities Fit Your Plan

22:59 – Safe Withdrawal Rate vs. Lifetime Guarantees

24:14 – Building a Wealth Floor with Life Insurance

25:56 – Creating a Comprehensive Financial Plan

27:38 – Short-Term vs. Long-Term Balance in Retirement

28:53 – Which Tom Hegna Book to Start With

 

**We’d love to hear your thoughts! Subscribe for more Tom Hegna retirement income strategies, proven tax tips, and financial planning insights that help you build wealth and peace of mind.**

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Resources:
Tax Incentive Programs For Wealth Building You Probably Didn’t Know Of | (Ep. 31)

Connect with Mike Milligan, CFP®:

Do you have any financial inquiries you need answered?
Send us an email – mike@mikemilligancfp.com
Or Call/Text “PODCAST” to (757) 909-7151

Intro and Outro Music: “Podcast Interview Background Music” by Ievgen Poltavskyi (HitsLab) via Pixabay

#ideasbymike #moneymanagementpodcast #wealthbuilding #retirementplanning #financialplanningpodcast #careerjourneypodcast #clientservices #worklifebalance #impactfulcareers #personalizedfinance #communityengagement #financialliteracypodcast #podcast #podcastforfinancialliteracy #financialmanagementpodcast #financialplanningguide #financialliteracymatters #financialtips #financialhelp #financialstrategies #socialsecuritytips #federalbenefitsconsultant #cfp #TomHegna #RetirementIncomeStrategies #ideasbymike

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