Finding The Right Withdrawal Rate In Retirement
Running out of money is the biggest concern retirees have when they stop working. The 4% Rule has been regarded as the safest percentage to withdraw each year to never run out of money, but is that calculation outdated? In this episode, Mike discusses what factors need to be considered when determ…
Investing In Cryptocurrency For Retirement
Bitcoin recently made a new all-time high, breaking through $70,000 for the first time. But does a highly volatile and speculative asset belong in a retirement plan? In this episode, Mike explains why cryptocurrency has become more mainstream and how Bitcoin became a more legitimate asset this yea…
March Madness And Your Money: Building A Retirement Gameplan
College basketballs’ NCAA tournament is right around the corner! For many it’s March Madness’s exciting unpredictability that they love, but when it comes to retirement “unpredictable” is not what most of us seek. In this episode, Mike uses the tournament to illustrate these key principles of fina…
Don't Let Retirement Taxes Steal Your Golden Years
We’re enjoying the lowest tax rates we may ever see in our lifetimes, mostly due to the Trump Tax Cuts. The bad news is that those cuts expire at the end of next year unless Congress acts. Tax expert Ed Slott says it’s an opportune time to make a Roth conversion, and Michigan’s Retirement Coach, Mi…
How Emotions Could Wreck Your Retirement
A Nobel Prize-winning psychologist found that we make financial decisions based on 90% emotion and only 10% logic. While emotions are temporary, their effects can wreak havoc on your financial livelihood. On this episode, Certified Financial Planner, Mike Douglas shares the approach they take at L…
Exposing The Fees Stealing Your Retirement Savings
Your retirement savings maybe mysteriously shrinking thanks to all the fees you’re paying! Mike Douglas wants you to know the ugly truth about what may be going on in your accounts and how hidden charges in your investments can cost you thousands annually. But how do you identify them? Mike talks…
Retirement Mulligans: Do-Overs for Your Golden Years
Unwinding on the golf course is a classic retirement dream, but what if life throws you a curveball? On this episode, Certified Financial Planner, Mike Douglas explores the "mulligan” opportunities you may have to course-correct your plan if needed. Did you know you can "take back" your Social Se…
The “Right” Time To Retire – Lessons From Nick Saban
At age 72, and with 7 National Championships under his belt, Alabama’s legendary coach has announced he is retiring. On this episode, we hear from Nick Saban himself as he talks about the tipping point that made him realize it was time to pass the torch. Drawing parallels to the decisions many ind…
How Interest Rate Cuts Could Affect Your Retirement Planning
Inflation is down from the 9.1% high of June 2022, which has Wall Street hoping for interest rates cuts in 2024. That’s good news for loan-seekers, but lower rates could also result in a decrease on some of the attractive rates we’ve seen in CDs, Money Markets, treasuries, and annuities. On this e…
What You Can Learn About Taxes from Shohei Ohtani's $700M Deal
Join Mike as he dissects Shohei Ohtani's groundbreaking $700 million, ten-year contract with the LA Dodgers, the ways Ohtani may be able to leverage international options to minimize tax burdens, and the tactics that could be applied to your own financial playbook. Learn how simple yet powerful …