Conversation with Tom Hegna: Proven Formula for Retirement Income, Wealth & Peace of Mind (Ep. 32)
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
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👤 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)
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Intro and Outro Music: “Podcast Interview Background Music” by Ievgen Poltavskyi (HitsLab) via Pixabay
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