By Mike Douglas
Retire with confidence! Introducing "Michigan's Retirement Coach," podcast- one of Feedspot's "Top Retirement Podcasts You Must Follow!"
Join Mike Douglas and his e
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The podcast currently has 113 episodes available.
Mike discusses the importance of comprehensive financial planning as individuals approach retirement. He draws parallels between the convenience and holistic approach of Costco and his financial planning services, emphasizing the need for a one-stop solution for income, taxes, estate planning, risk management, and wealth management.
The discussion highlights the significance of personalized strategies, the role of technology in enhancing convenience, and the importance of delegating financial responsibilities to enjoy retirement fully.
Need a second opinion on your retirement plan? Visit MichigansRetirementCoach.com to connect with Mike and his team today!
See omnystudio.com/listener for privacy information.
Mike discusses the importance of having a comprehensive retirement plan beyond just a 401k. He delves into the concept of tax loss harvesting, explaining its relevance throughout the year, not just at year-end.
Mike elaborates on the different types of investment accounts and their tax implications, emphasizing the significance of understanding short-term versus long-term gains. Through real-life examples, they illustrate how strategic tax loss harvesting can minimize tax liabilities and maximize retirement savings.
Visit MichigansRetirementCoach.com to connect with Mike and his team and start building your retirement plan today!
See omnystudio.com/listener for privacy information.
Mike discusses the recent data breach affecting three billion individuals, emphasizing the importance of understanding the dark web and protecting personal information. He provides insights on how to check if one's data has been compromised and offers practical steps to safeguard against identity theft.
Visit NPD Breach Check to see if your sensitive information was compromised.
Need a second opinion on your retirement plan? Visit MichigansRetirementCoach.com to connect with Mike and his team today!
See omnystudio.com/listener for privacy information.
In this conversation, Mike discusses the importance of having a proper financial plan in place for retirement. He uses the analogy of music to explain the different approaches to retirement planning, comparing the disciplined and rule-following classical musicians to the more improvisational jazz musicians.
Mike emphasizes the need for a retirement plan that aligns with an individual's goals and preferences, rather than fitting into a predetermined portfolio. He also highlights the role of a financial advisor in helping clients navigate the complexities of finance and create a retirement plan that suits their unique needs.
Visit MyLifePlanFinancial.com to connect with Mike and start building your retirement plan today!
See omnystudio.com/listener for privacy information.
Mike discusses the importance of preparing for a recession and offers advice on how to recession-proof your retirement. He emphasizes the need to minimize discretionary spending, raise your cash position, and de-risk your future portfolio.
Mike also highlights economic indicators to watch for, such as consumer credit card spending, layoffs, and changes in the housing market.
Visit MyLifePlanFinancial.com to connect with Mike and start building your retirement plan today!
See omnystudio.com/listener for privacy information.
Mike discusses the importance of understanding risk in retirement planning. He emphasizes the need for a balanced risk portfolio that takes into account risk tolerance, risk capacity, and risk requirement.
Mike explains that risk tolerance can change based on market conditions and personal circumstances, and it should be considered alongside long-term goals and financial needs. He also highlights the importance of aligning feelings and finances to ensure a secure future.
Visit MyLifePlanFinancial.com to connect with Mike and start building your retirement plan today!
See omnystudio.com/listener for privacy information.
Mike addresses the volatility of the market and emphasizes the need to understand risk and have appropriate portfolio ratios. He explains the concept of fixed proportions and the role of fixed investments and equities in a portfolio.
Mike also highlights the importance of understanding one's risk tolerance, capacity, and requirement. He encourages listeners to have comprehensive conversations about risk and to build a retirement plan that aligns with their goals and provides comfort and protection.
Visit MyLifePlanFinancial.com to connect with Mike and start building your retirement plan today!
See omnystudio.com/listener for privacy information.
Mike explains the different aspects of a financial plan, such as taxes, estate planning, and risk management. He shares why it’s important for these factors need to work together to create success in retirement.
Visit MyLifePlanFinancial.com to connect with Mike and start building your retirement plan today!
See omnystudio.com/listener for privacy information.
Mike identifies the five key areas when building out a comprehensive retirement plan:
Mike discusses the importance of addressing these areas to avoid making the wrong choices in retirement.
Visit MyLifePlanFinancial.com to connect with Mike and start building your retirement plan today!
See omnystudio.com/listener for privacy information.
Mike discusses the various issues that could come up in a retirement plan if they aren’t checked regularly, including debt to income ratio, living expenses, emergency savings, credit score, tax planning, and insurance.
Mike provides insights and tips for each of these areas, highlighting the need for regular check-ins and updates to a financial plan.
Visit MyLifePlanFinancial.com to connect with Mike and start building your retirement plan today!
See omnystudio.com/listener for privacy information.
The podcast currently has 113 episodes available.