Category: legacy planning
1.OAK Financial’s True Meaning: Guiding People to Overcome Fear & Anxiety Around Finances (Ep. 34)

1.OAK Financial’s True Meaning: Guiding People to Overcome Fear & Anxiety Around Finances (Ep. 34)

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In this episode of the Ideas by Mike podcast, host Mike Milligan, CFP shares the journey of his financial planning firm, Ideas by Mike, and its evolution into 1.oak Financial.

He discusses the tumultuous financial landscape over the past few years, the founding principles of his firm, and the importance of client-centered financial planning.

Mike emphasizes the need for a unique approach to financial services that prioritizes clients’ needs and goals, culminating in the introduction of the one-of-a-kind financial plan designed to help clients live their best lives.

Episode Takeaways:

– Ideas by Mike aims to provide unique financial insights.
– The firm was founded on principles of client-centered service.
– Mike’s career journey reflects a commitment to client needs.
– The one-of-a-kind financial plan is central to their approach.
– Financial planning should prioritize individual client goals.
– The evolution to One Oak Financial signifies growth and innovation.
– Client service is prioritized over profit in their business model.
– Understanding clients’ core beliefs about money is crucial.
– The firm aims to reduce fear and anxiety around finances.
– Community impact is a key focus for clients in retirement.

 

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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Tax Strategies For Wealth Building You Probably Didn’t Know (Ep. 31)

Tax Strategies For Wealth Building You Probably Didn’t Know (Ep. 31)

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In this episode, Mike Milligan discusses innovative tax planning strategies that can help individuals and businesses maximize their financial potential. He explores various tax incentives, including the Augusta Rule, advanced strategies like ‘buy, borrow, and die’, and the benefits of Donor Advised Funds and Charitable Trusts.

Additionally, he delves into estate planning tools and the advantages of real estate investments. The conversation culminates in an in-depth look at Puerto Rico’s Act 60, which offers significant tax benefits for residents and businesses. Mike emphasizes the importance of designing a unique financial plan tailored to individual needs and goals.

You’ll discover how to:

  • Design a financial plan that leverages tax incentives—are you missing hidden opportunities?

  • Use the Augusta Rule to generate tax-free rental income—have you considered renting your home to your business?

  • Preserve wealth using the buy, borrow, and die strategy—could borrowing against your assets reduce your taxes?

  • Optimize charitable giving with Donor Advised Funds—are you maximizing your deductions in high-income years?

  • Protect family wealth across generations using dynasty trusts—what steps safeguard your legacy?

  • Offset taxable income through real estate depreciation—are your investments working as hard as you are?

  • Unlock tax-free growth with the mega backdoor Roth IRA—are you fully using your retirement opportunities?

  • Save tens of thousands in taxes through Puerto Rico Act 60—might relocating reshape your financial future?

  • Understand the tax code to create significant savings—how well are you negotiating with the IRS?

  • Build a unique financial plan for long-term success—how customized is your current strategy?

 

Resources: How to Stand Out in a Crowded Market using Vision, AI & Personal Connection | Ideas by Mike (Ep. 30)


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

 

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

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