Retirement Income Planning – Ideas By Mike™

Elevate Your Finances in 2025 with One-of-a-Kind Strategies (Ep.16)

By Ideas by Mike™ | January 6, 2025

Are you ready to transform your financial approach and make 2025 the year you finally achieve your one-of-a-kind life goals?

Engage with captivating insights into tax planning, retirement income, and the paramount importance of having a genuinely personalized financial plan. Plus, look out for an engaging revelation of how 2025 can be your groundbreaking year.

Mike Milligan looks forward to helping you seize 2025 with fresh financial resolutions and personalized planning!

Key conversations include:

Implementing a “one-of-a-kind” financial plan that aligns with your personal goals and priorities from the outset of 2025
Learning from professionals about the importance of future tax scenario preparedness
Exploring innovative retirement income strategies to ensure financial security.
Embracing the art of human connection as a vital part of maintaining mental and financial well-being throughout the year
And more!

Connect with Mike Milligan, CFP®:

Podcast: Play in new window | Download | Embed

Subscribe: RSS | More

Mike and Jim on Retirement Income Planning (Ep. 12)

By Ideas by Mike™ | November 7, 2024

Retirement planning goes beyond numbers—it’s about building a future that aligns with your values.

This week on Ideas by Mike™, Mike Milligan, CFP®, and Jim Fisher unveils the value of developing a retirement income plan that remains adaptable and reliable. They cover the transition from growth to income strategies and how the Forecaster tool provides clear insights into managing potential risks, like the “retirement dead zone.”

So, tune in as they explore the essentials of tax planning, income diversification, and practical steps toward creating a stable, sustainable income throughout retirement.

Key Highlights:

How Jim Fisher’s innovative Forecaster tool empowers clients with personalized income projections for retirement readiness
The importance of income diversification: using social security, pensions, savings, and annuities to create a reliable “personal pension”
How shifting from growth-focused to income-focused strategies a decade before retirement helps clients manage risks effectively
The potential for “retirement raises”: strategies to boost post-retirement income with inflation-adjusted plans and strategic asset reallocation
How personalized financial planning aligns retirement strategies with individual needs, lifestyle goals, and financial well-being
And much more!

Connect with Mike Milligan, CFP®:

Connect with Jim Fisher:

About Our Guest:

Jim Fisher is the Founder & CEO of Jucebox and has been a longtime member of the retirement income planning space. He has a passion for teaching financial literacy to all and helping retirement professionals grow their businesses. Check out Jim’s LinkedIn to get connected with him.

Podcast: Play in new window | Download | Embed

Subscribe: RSS | More

Tips for Strengthening Your Retirement Income Strategy (Ep. 6)

By Ideas by Mike™ | August 15, 2024

Paychecks do not need to stop in retirement…

With the right financial plan, it’s entirely possible to keep those “paychecks” coming, even after you stop working.

This week on Ideas by Mike™, Mike Milligan, CFP®, dives into the second critical element of the Ideas by Mike™ one-of-a-kind financial planning process, retirement income. Highlighting personal experiences and historical insights, Mike unveils actionable steps to help secure your financial future without fear of running out of money.

Mike discusses:

The first step of his one-page financial plans, tax planning, and how retirement income planning builds off of that
Different methods to help you obtain consistent retirement income
Historical insights into the evolution of pensions and retirement systems
Innovative tools such as income forecasters that the Ideas by Mike™ team uses to alleviate financial fears for retirees
And more!