Tag: Financial Literacy

(Ep. 46) Real Reason Why Rich People Pay Less in Taxes - Tax Planning Tips & Tricks with KC Chohan
(Ep. 46) Real Reason Why Rich People Pay Less in Taxes – Tax Planning Tips & Tricks with KC Chohan

(Ep. 46) Real Reason Why Rich People Pay Less in Taxes – Tax Planning Tips & Tricks with KC Chohan

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In this 46th episode of the Ideas by Mike podcast, host Mike Milligan, CFP interviews KC Chohan, founder of Together CFO, who specializes in tax strategies for high-net-worth individuals and entrepreneurs.

KC shares his journey from working in a Fortune 500 company to becoming a fractional CFO, emphasizing the importance of understanding tax loopholes and structures to optimize financial outcomes.

The conversation covers various topics, including the future of taxes, the differences between W-2 employees and entrepreneurs, charitable giving, and real-time tax planning scenarios. KC also warns about scams in the tax planning space and stresses the importance of understanding tax strategies before signing any agreements.

YT Link: Ideas by Mike Podcast Episode 46 – Click this link to watch it on YouTube

 

About our Guest:

KC Chohan is a tax strategist and the founder of Together CFO, a firm dedicated to helping entrepreneurs, solopreneurs, and high-net-worth individuals legally minimize their tax liabilities. He specializes in transitioning business owners into family office structures to protect their assets and optimize their long-term wealth.

Connect with KC Chohan on LinkedIn
Together CFO – (YouTube –‪@TogetherCFO‬)
Instagram – Kc Chohan Together CFO

To learn more about us, visit www.1oakfinancial.com   |  Don’t forget to subscribe to our YouTube Channel for latest updates!

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(Ep. 45) The Untold Science Behind Fear & Bravery and the #1 Reason Many Solopreneurs Stay Stuck
(Ep. 45) The Science behind Fear & Bravery | Jill Schulman Answers Why many #solopreneurs Stay Stuck

(Ep. 45) The Science behind Fear & Bravery | Jill Schulman Answers Why many #solopreneurs Stay Stuck

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Unlock the secret to living a brave, fulfilling life—at any age.

In this episode, Mike Milligan, CFP & Jill Schulman, a Marine turned corporate leader and bravery expert, reveals how embracing fear can propel you to your biggest dreams. Whether you’re nearing retirement, navigating career transitions, or seeking to elevate your personal growth, you’ll discover proven science-backed strategies to build courage, conquer doubts, and take bold steps forward.

This episode is perfect for anyone feeling stuck—from entrepreneurs and executives to retirees aiming to live intentionally. If you want to turn fear into your greatest motivator and craft a life of purpose, this conversation is your blueprint. Don’t let fear hold you back from reaching your highest potential—your brave new chapter starts here.

YT Link: Ideas by Mike Podcast Episode 45 – Click this link to watch it on YouTube

Connect with Jill Schulman on LinkedIn or at www.jillschulman.com for your free bravery assessment and blueprint. Her book, The Bravery Effect, is available everywhere books are sold. Whether you’re looking to boost confidence, pivot careers, or inspire loved ones, this episode will leave you motivated to step into your own bravery.

To learn more about us, visit www.1oakfinancial.com   |  Don’t forget to subscribe to our YouTube Channel for latest updates!

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(Ep. 44) Building Personalized Financial Plans That Speak to Your Values with Adam Dell
(Ep. 44) Building Personalized Financial Plans That Speak to Your Values with Adam Dell

(Ep. 44) Building Personalized Financial Plans That Speak to Your Values with Adam Dell

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Most high earners are leaving money on the table—failing to leverage tax strategies, automation, and personalized financial planning that can skyrocket their wealth. Today’s guest, Adam Dell, reveals how innovative technology and tailored advice are transforming the landscape for affluent individuals and advisors alike.

Discover how Domain Money is rewriting the rules of wealth management for the mass affluent, offering flat-fee models, sophisticated tax strategies, and a relationship-driven approach that keeps clients engaged and on track. Adam shares insider insights on building a truly personalized financial plan—focusing on values, goals, and behavioral economics—to prevent costly mistakes like underinvesting during market dips or neglecting estate transfer complexities. You’ll break down:

  • The future of wealth management beyond AUM fees, emphasizing transparency and choice.
  • How high-yield savings accounts (like Marcus by Goldman Sachs) are critical in building robust emergency funds.
  • The real power of behavioral economics in helping clients stay disciplined, especially amid market volatility.
  • The role of advanced tax planning—HSAs, Roth conversions, and long-term care strategies—that most advisors overlook.
  • The innovative partnership between Domain and 1.oak, designed to serve clients with smaller assets and nurture their growth toward more complex needs.

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(Ep. 42) LOSING 80 POUNDS AT AGE 64: How to RECLAIM Your HEALTH for an active Retirement

(Ep. 42) LOSING 80 POUNDS AT AGE 64: How to RECLAIM Your HEALTH for an active Retirement

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What if retirement isn’t about money at All?

In this episode of the Ideas by Mike Podcast, we explore retirement without fear through a powerful real-life transformation. From losing 80 pounds to redefining freedom, purpose, and identity after work, this conversation challenges everything most people believe about retirement.

 

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

Stream all past episode of Ideas by Mike™ Podcast on YouTube! 

 

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(Ep. 40)How Inflation Reshaped America’s Cost of Living (1909 vs 2025 Historic Prices Changes)

(Ep. 40)How Inflation Reshaped America’s Cost of Living (1909 vs 2025 Historic Prices Changes)

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In this 40th Episode of Ideas by Mike Podcast, Mike Milligan, CFP, sits down with financial experts Coach Pete D’Arruda & Gary Nolan to discuss the history of the US economy, the stock market, and personal finance strategies. Whether you are looking for retirement planning advice, trying to understand inflation, or just want a nostalgic look back at the “good old days,” this episode is packed with value.

 

Coach Pete D’Arruda – Known nationally as “Coach Pete,” Peter J. D’Arruda is the President of the Capital Financial Advisory Group and a fiduciary dedicated to helping clients navigate retirement with confidence.

With over 30 years in the financial arena, he is the host of the nationally syndicated radio show The Financial Safari, which airs weekly on over 50 stations across the country.

 

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

Stream all past episode of Ideas by Mike™ Podcast on YouTube! 

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Tom Hegna's Book for Getting Your First $1M | Financial Mistakes Young Adults Should Avoid (Ep. 37)
Tom Hegna’s Book for Getting Your First $1M | Financial Mistakes Young Adults Should Avoid (Ep. 37)

Tom Hegna’s Book for Getting Your First $1M | Financial Mistakes Young Adults Should Avoid (Ep. 37)

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In this 37th episode of Ideas by Mike Podcast, Mike Milligan, CFP® and Tom Hegna went for another one to discuss his newest book “Who Wants To Be a Millionaire?”.

They revealed these HUGE financial mistakes younger generation can avoid because these financial mistakes are stopping them from reaching their First Million mark on their professional careers.

Tom Hegna explains Why the First Million is the Hardest and the critical importance of patience in wealth building.

Learn the math behind the $10.8 million mistake couples make and the essential savings discipline: The 10/20/70 Rule. They both discuss how to use the SEC Savings Goal Calculator to hit your targets, and Tom’s secret to career success: Finding Riches by being the Best in your Niche.

This episode provides the mindset and the math for building wealth faster and helping you execute your One of a Kind Financial Plan.

👉 Watch it on YouTube: https://www.youtube.com/watch?v=RKVYnUY-NoY
🌐 Visit our Website: https://1oakfinancial.com/

Because retirement isn’t the end of your story — it’s the start of your next one.

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

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Answering Why Taxes Could Derail Your Retirement David McKnight's New Insights (Ep. 36)
Answering Why Taxes Could Derail Your Retirement | David McKnight’s New Insights (Ep. 36)

Answering Why Taxes Could Derail Your Retirement | David McKnight’s New Insights (Ep. 36)

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In this episode of the Ideas by Mike™ Podcast, Mike Milligan sits down with best-selling author David McKnight, creator of The Power of Zero. They dive deep into the truth about rising taxes, why the next 10 years are critical for retirement savers, and how to build a tax-free strategy before rates climb again.

👉 Watch it on YouTube: https://www.youtube.com/watch?v=RKVYnUY-NoY
🌐 Visit our Website: https://1oakfinancial.com/

Because retirement isn’t the end of your story — it’s the start of your next one.

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

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Understanding The 4 Phases of Retirement & How to Thrive in Each One w Dr. Riley Moynes (EP. 35)
Understanding The 4 Phases of Retirement & How to Thrive in Each One w Dr. Riley Moynes (EP. 35)

Understanding The 4 Phases of Retirement & How to Thrive in Each One w Dr. Riley Moynes (EP. 35)

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When people talk about retirement, most conversations revolve around money — but what about what comes after the paychecks stop?

In our latest Ideas by Mike™ Podcast, we sit down with Dr. Riley Moynes, author of The Four Phases of Retirement, to unpack the emotional and psychological journey that every retiree goes through — and why so many struggle to find meaning once the “vacation” phase fades.

🎧 Listen to Episode 35: “The Four Phases of Retirement Explained”
👉 YouTube: https://www.youtube.com/watch?v=H1-8J8ebFLA
🌐 Website: https://1oakfinancial.com/

Because retirement isn’t the end of your story — it’s the start of your next one.

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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

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From Massage Therapy to Financial Empowerment: Liz Mundey’s Journey (Ep. 27)

From Massage Therapy to Financial Empowerment: Liz Mundey’s Journey (Ep. 27)

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In this episode, Mike Milligan introduces Liz Mundey, Senior Client Services Manager at Ideas by Mike™, who shares her unexpected path from massage therapist to financial services, driven by a desire to make a lasting impact. Liz discusses her motivations, how she found a home in the firm, and the importance of practical, personalized support in clients’ lives.

Mike and Liz discuss:

  • Liz’s surprising career test results in high school (03:13)
  • The transition from massage therapy to financial planning (05:32) 
  • Balancing work and family with purpose (10:31) 
  • Assisting clients through life transitions (14:45) 
  • And more!

Connect with Mike Milligan, CFP®:

Connect with Liz Mundey:

About our Guest:

Liz Mundey is the Senior Relationship Manager at Ideas by Mike, LLC. Her role was designed to give additional support to the clients! She does this by keeping accounts up to date, ensuring information is easy to access and understand, and staying closely connected with clients to ensure their financial plans stay in alignment with their evolving lives.

She is licensed in general life and insurance and is continuing her education every year in the world of finance. Becoming financially literate and getting to know all of the clients is her favorite part of the job. She truly loves what she does, which not everyone can say!

While she was born and raised in Arizona, she spent her twenties traveling the country, and it was a blast. 

Before working with Mike, she was a National Trainer (4 years), Licensed Massage Therapist (6 years), and a Business Consultant (5 years). The common denominator for all of these jobs is directly impacting people’s lives!

Today, she is incredibly grateful to be where she is. Embarking into the financial space has been a gift in her life! She is honored to be part of this team, to be making an impact as a financial office, and to be supporting the clients in a meaningful way.

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