Tag: Wealth Preservation
The Massive Structural Differences When Evaluating Bitcoin vs Crypto | Ideas by Mike™ EP55

The Massive Structural Differences When Evaluating Bitcoin vs Crypto | Ideas by Mike™ EP55

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Is your financial advisor still stuck in the 1960s? In this episode of Ideas by Mike™, host Mike Milligan, CFP sits down with Eric Runge, a third-generation entrepreneur and founder of Veritas Wealth, to discuss the institutionalization of financial planning and why standard commoditized products like the 60/40 portfolio are failing modern investors.

 

What You’ll Learn in This Episode:

– The Problem with Big Banks: Why institutions like Merrill Lynch and Edward Jones have more incentive to sell what has always worked instead of staying on the cutting edge.

– The History of Money: How walking off the gold standard in 1971 accelerated government debt and consumer inflation.

– Bitcoin vs Crypto: Why Bitcoin is a completely separate structure from the thousands of other cryptocurrencies on the market.

– The Future of Digital Currency: How SEC regulations, institutional family offices, and payment rails are shifting the landscape for Bitcoin.

 

Watch it on YouTube!

Click this link: Watch Now!

 

About our Guest:

Eric Runge Eric Runge is a third-generation entrepreneur who transitioned from corporate America to establish his own path in independent wealth management. In 2017, he founded Veritas Wealth to escape corporate compliance constraints and better serve his clients with fully customized decisions. He has since specialized his practice into a highly specific niche, establishing himself as a registered investment adviser expert in Bitcoin.

Drawing from a rich family history of business ownership—ranging from his grandfather’s heavy equipment rental shop to his father’s real estate business—Runge brings a direct, transparent, and agile entrepreneurial mindset to his practice. He caters extensively to high-net-worth investors and family offices, translating complex economic shifts into clear, actionable financial strategies.

 

Do you have any financial inquiries wanting to get answered?
Leave us an email – contact@mikemilligancfp.com
Or Call/Text Mike Milligan to help you out – 757-909-7151

Visit our website at: www.1oakfinancial.com

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How to Never Miss a Moment in Your Next Chapter with Dr. Gary David | Ideas by Mike™ Ep. 53

How to Never Miss a Moment in Your Next Chapter with Dr. Gary David | Ideas by Mike™ Ep. 53

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Stop focusing only on the spreadsheet and start designing a life that matters. Join Mike Milligan, CFP® and design sociologist Dr. Gary David as they explore the human side of retirement, from navigating the “identity cliff” to the sociology of meaningful moments.

Learn how to transition from a job title to a purposeful new chapter, bridge the communication gap with your spouse about legacy and money, and create “storyable” experiences that last a lifetime. Whether you are a pre-retiree or already in your next phase, discover why retirement is a sociology project, not just a financial one.

Watch it on YouTube and don’t forget to subscribe for more!

About our Guest:

About our Guest: Dr. Gary David is a professor of sociology and experience design at Bentley University, where he has taught for over 25 years. He holds a PhD in sociology from Wayne State University and specializes in the intersection of how humans relate to one another and the art of designing meaningful experiences.

As a design sociologist, keynote speaker, and host of the Experience by Design podcast, Dr. David studies how individuals build connection, belonging, and meaning, particularly during major life transitions like retirement.

His professional background also includes judging international customer experience awards and applying his expertise in conversational analysis and linguistics to help people navigate the complex human elements of work, identity, and personal relationships.

Websites: https://www.garycdavid.com/ | https://garyconnects.com/

LinkedIn: Gary C. David

 

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

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How to Retire into a Dream Job: The Emotional Nature of Retirement | Ideas by Mike™ Ep. 52
How to Retire into a Dream Job: The Emotional Nature of Retirement | Ideas by Mike™ (Ep. 52)

How to Retire into a Dream Job: The Emotional Nature of Retirement | Ideas by Mike™ (Ep. 52)

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In this latest episode of Ideas by Mike™, Dr. Ives Machiz, PhD, CFP®, a fee-only pioneer, shares lessons from 4 careers on retiring into purpose. Learn how coaching and financial education build self-sufficiency & reduce anxiety.

Join Ideas by Mike™ host Mike Milligan, CFP® & Dr. Ives Machiz, PhD, CFP®, a clinical assistant professor and financial planning pioneer, shares the wisdom gained from his extraordinary four-part career: founding a fee-only firm in the 1980s, teaching high school, navigating a family business exit, and earning a PhD.

They both tackled and discusses the emotional nature of retirement and business transitions, the core lessons of self-sufficiency from coaching basketball, the relationship between financial education and health, and the advisor’s critical role in building client trust to mitigate financial anxiety.

This episode offers essential retirement advice for pre-retirees seeking to leap from working to living a one-of-a-kind life.

 

Key Takeaways:

  • Objective Advice Requires Total Alignment: True fiduciary planning centers entirely on the individual’s specific long-term goals rather than a high-pressure push for a specific item, commission, or asset product.
  • Master the Fundamentals First: Successful retirement planning is built on basic, non-glamorous behaviors: consistent long-term saving, clear spending budgets, and maintaining discipline through fluctuating financial environments.
  • Transitions Are Emotional First: Selling a business, leaving a job, or entering retirement forces individuals into an identity vacuum. You must establish a clear plan for your lifestyle and purpose before executing the final financial liquidation.
  • The Inherent Value of a Third-Party Fiduciary: Much like medical professionals who refuse to treat their own families, everyday investors need neutral professionals to remove toxic emotion from highly personal wealth decisions.

 

About our Guest:

Dr. Ives Machiz, PhD, CFP® earned his doctorate in Personal Financial Planning from Kansas State University. He is currently a Clinical Assistant Professor in the personal Financial Planning program at Arizona State University. (Source link)

Connect with Dr. Ives on LinkedIn

 

Subscribe to our YouTube and Tune in to find your starting line!

Also Get the Book “The One of a Kind Financial Plan” on Amazon: https://a.co/d/hAOPAgM

#moneymanagementpodcast #financialplanningpodcast #Finance #Inflation #RetirementPlanning #EconomicHistory #IdeasByMikePodcast

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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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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!

______________________________________________________________

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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