Tag: Wealth Preservation

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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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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This is Legacy Planning (Ep. 9)

This is Legacy Planning (Ep. 9)

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Legacy planning is more than just dividing up financial assets; it’s about preserving the values, traditions, and harmony within a family.

This week on Ideas by Mike™, Mike Milligan, CFP®, highlights the importance of this often-overlooked step in his unique financial planning approach. 

By incorporating SNUG — a powerful platform designed to streamline the organization of essential documents, final wishes, and family legacies — Mike empowers families to face the emotional and practical challenges that come with losing a loved one with greater ease and confidence.

Key Highlights:

  • How legacy planning is the final piece of a comprehensive financial strategy, working alongside tax planning, retirement income, investment, and long-term care
  • The importance of preserving more than just financial assets — ensuring family stories, values, and traditions live on
  • SNUG and its unique benefits in simplifying the organization of critical documents, wills, and final wishes to avoid disorganization after death
  • Real-life stories that highlight the emotional and practical burdens families face without a proper legacy plan
  • And much more!

Resources:

Connect with Mike Milligan, CFP®:

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This is Long Term Care Planning (Ep. 8)

This is Long Term Care Planning (Ep. 8)

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Did you know that over 70% of people aged 65 and older will need some form of long-term care services in their lifetime? 

This week, Mike Milligan, CFP®, dives into the world of long-term care planning, highlighting the difference it can make in our lives. 

Follow along to explore HALO, an innovative tool designed to simplify and enhance the planning process. Learn about its features, benefits, and practical applications so that you are empowered with the knowledge you need to secure a better future for yourself and your loved ones (all this from a financial planner and professor’s point of view!)

Mike discusses: 

  • Mike’s motivation and approach to long-term care planning
  • How long-term care planning fits into his one-of-a-kind financial plan model
  • HALO and its unique benefits, such as combining research to provide a personalized life and health expectancy analysis
  • Real-life implications of planning for long-term care and health expectancy
  • And more!

Resources:

Connect with Mike Milligan, CFP®:

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