Retirement Mulligans: Do-Overs For Your Golden Years Michigan's Retirement Coach Podcast With Mike Douglas podcast

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Contenido proporcionado por Impact Partnership and Mike Douglas. Todo el contenido del podcast, incluidos episodios, gráficos y descripciones de podcast, lo carga y proporciona directamente Impact Partnership and Mike Douglas o su socio de plataforma de podcast. Si cree que alguien está utilizando su trabajo protegido por derechos de autor sin su permiso, puede seguir el proceso descrito aquí https://es.player.fm/legal.

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Welcome to Exile, a podcast about Jewish lives under the shadow of fascism. Narrated by award-winning screen and stage actor, Mandy Patinkin. Untold stories and firsthand accounts drawn from intimate letters, diaries and interviews found in the Leo Baeck Institute’s vast archive. Each episode, a story of beauty and danger that brings history to life. Because the past is always present. Starting November 1, episodes are released weekly every Tuesday. The Leo Baeck Institute, New York | Berlin is a research library and archive focused on the history of German-speaking Jews. Antica Productions produces award-winning non-fiction podcasts, films and series which inform and inspire audiences around the world.

Michigan's Retirement Coach Podcast With Mike Douglas « »
Retirement Mulligans: Do-Overs for Your Golden Years

hace un año 19:18

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Contenido proporcionado por Impact Partnership and Mike Douglas. Todo el contenido del podcast, incluidos episodios, gráficos y descripciones de podcast, lo carga y proporciona directamente Impact Partnership and Mike Douglas o su socio de plataforma de podcast. Si cree que alguien está utilizando su trabajo protegido por derechos de autor sin su permiso, puede seguir el proceso descrito aquí https://es.player.fm/legal.

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 Security decision within a year?...

Missed a required minimum distribution? Mike shares what could save you from hefty penalties and get you back on track…

Worried about a bad investment in your DIY retirement plan? Hear strategies to navigating risk in your golden years.

Visit LifePlanWealth.com to learn what "mulligan opportunities" could help maximize your retirement journey.

See omnystudio.com/listener for privacy information.

… continue reading

98 episodios

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Retirement Mulligans: Do-Overs for Your Golden Years

Michigan's Retirement Coach Podcast With Mike Douglas

published hace un año

Compartir

MP3•Episodio en casa

Contenido proporcionado por Impact Partnership and Mike Douglas. Todo el contenido del podcast, incluidos episodios, gráficos y descripciones de podcast, lo carga y proporciona directamente Impact Partnership and Mike Douglas o su socio de plataforma de podcast. Si cree que alguien está utilizando su trabajo protegido por derechos de autor sin su permiso, puede seguir el proceso descrito aquí https://es.player.fm/legal.

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 Security decision within a year?...

Missed a required minimum distribution? Mike shares what could save you from hefty penalties and get you back on track…

Worried about a bad investment in your DIY retirement plan? Hear strategies to navigating risk in your golden years.

Visit LifePlanWealth.com to learn what "mulligan opportunities" could help maximize your retirement journey.

See omnystudio.com/listener for privacy information.

… continue reading

98 episodios

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The Roth Rule You May Not Know About | Withdrawing from Your Roth IRA 14:51

hace 4 días14:51

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14:51

Ever wondered how Roth IRAs can transform your retirement? Certified Financial Planner Mike Douglas explores the ins and outs of Roth IRAs, including the crucial five-year rule that many people may not know about regarding withdrawals. He explains the distinction between contributions and conversions, detailing how each affects your retirement planning. Mike’s key points include the importance of starting your Roth IRA early to maximize benefits and the separate five-year clocks for each conversion. Schedule your complimentary appointment today: MichigansRetirementCoach.com Follow us on social media: YouTube | Facebook | Instagram | LinkedIn See omnystudio.com/listener for privacy information.…

1
How to Protect Your Retirement from Social Security Risks 12:44

hace 11 días12:44

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12:44

Social Security benefits could face cuts by 2034, potentially affecting retirement and income plans. With the uncertainty surrounding Social Security, Certified Financial Planner Mike Douglas explains that planning for alternative income streams such as annuities is crucial. Mike brings up the example of laddered annuities, which when carefully chosen, can offer protection against benefit reductions and provide stability for unforeseen circumstances. He discusses why diversifying your income streams helps maintain your lifestyle even if Social Security benefits are reduced. Schedule your complimentary appointment today: MichigansRetirementCoach.com Follow us on social media: YouTube | Facebook | Instagram | LinkedIn See omnystudio.com/listener for privacy information.…

1
How to Make the Most of Your Retirement Savings 12:07

hace 18 días12:07

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12:07

Retirees are often more afraid of running out of money than of dying. A study by JP Morgan Chase found that over 80% of retirees do not touch their IRA money until they reach the required minimum distribution (RMD) age of 73, only then withdrawing the mandated amount. Certified Financial Planner Mike Douglas discusses the main reason why many retirees worry about outliving their savings. He touches on one strategy to minimize taxes and maximize charitable donations by using Qualified Charitable Distributions (QCDs), allowing retirees to transfer funds directly to charities without paying taxes. Schedule your complimentary appointment today: MichigansRetirementCoach.com Follow us on social media: YouTube | Facebook | Instagram | LinkedIn See omnystudio.com/listener for privacy information.…

1
Retirement Planning in the Digital Age: Finding Trustworthy Information 20:16

hace 25 días20:16

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20:16

Navigating the digital age can feel overwhelming, especially when it comes to financial planning. From the nuances of HELOCs (Home Equity Line of Credit) to the complexities of leveraging stocks, understanding these intricate concepts is crucial for a secure retirement. Certified Financial Planner Mike Douglas explains how to sift through the noise and find reliable information that resonates with your unique financial situation. Schedule your complimentary appointment today: MichigansRetirementCoach.com Follow us on social media: YouTube | Facebook | Instagram | LinkedIn See omnystudio.com/listener for privacy information.…

1
How to Spot & Eliminate Dead Money in Your Retirement Portfolio 16:05

hace 5 weeks16:05

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16:05

How badly is “dead money” affecting returns in your portfolio? Certified Financial Planner Mike Douglas discusses what could be holding your retirement plan back, including: cash stockpiles, non-performing stocks, and rental properties. He addresses the need for quarterly rebalancing to prevent portfolio drift, getting rid of non-productive assets, and ensuring investments align with current income and growth needs. Schedule your complimentary appointment today: MichigansRetirementCoach.com Follow us on social media: YouTube | Facebook | Instagram | LinkedIn See omnystudio.com/listener for privacy information.…

1
Are You Prepared for a 40-Year Retirement? 19:01

hace 6 weeks19:01

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19:01

As lifespans increase, planning for longer retirements becomes necessary. Mike Douglas explores key strategies such as maximizing Social Security benefits, understanding market volatility, and adjusting for inflation. He highlights the importance of having a comprehensive income plan to ensure financial stability throughout retirement. Examining real-life scenarios, Mike addresses the need for personalized planning to address longevity risks and safeguard savings. Schedule your complimentary appointment today: MichigansRetirementCoach.com Follow us on social media: YouTube | Facebook | Instagram | LinkedIn See omnystudio.com/listener for privacy information.…

1
Don’t Make These Common Mistakes When Receiving an Inheritance 11:50

hace 7 weeks11:50

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11:50

Many people make costly mistakes with inherited money, leading to financial struggles in retirement. In this episode, Mike Douglas discusses that when receiving a large sum of money, like an inheritance or lottery winnings, it's crucial to manage these funds wisely to secure a stable financial future. Mike challenges the notion of quickly paying off debts and considers how the money can generate ongoing revenue. He gives the example of investing the amount and using the interest to pay off debts and preserving the principal to provide steady income. Ready to begin building your customized retirement plan? Visit MichigansRetirementCoach.com to schedule an appointment with Mike and his team today! See omnystudio.com/listener for privacy information.…

1
Key Strategies for Managing RMD Withdrawals 14:45

hace 8 weeks14:45

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14:45

Do you feel overwhelmed by financial jargon and retirement planning? In this episode, Certified Financial Planner Mike Douglas discusses the realities of required minimum distributions (RMDs) and how they affect your retirement funds. He highlights the age requirements, the differences between qualified and non-qualified money, and how to handle your RMDs effectively. Mike also explores strategies like charitable contributions and Roth conversions to help make the most of withdrawals. Ready to develop a strategy with your RMDs? Visit MichigansRetirementCoach.com to schedule an appointment with Mike and his team today! See omnystudio.com/listener for privacy information.…

1
Investing in Your 401k is NOT a Plan 9:17

hace 9 weeks9:17

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9:17

Mike Douglas explains the historical context of retirement tools and why the 401k on its own is not a retirement plan. With pensions becoming rare and Social Security facing potential cuts, understanding and maximizing your 401k is essential to income planning. Mike explores strategies for supplementing retirement income, including the rule of 4%, dividend funds, and annuities. He lays out the pros and cons for each why the focus needs to be on individual circumstances and goals. Ready to see if you’re maximizing your 401k? Visit MichigansRetirementCoach.com to connect with Mike and his team today! See omnystudio.com/listener for privacy information.…

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Don’t Overpay in Taxes Through This One Strategy 10:10

hace 10 weeks10:10

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10:10

Many people don't fully understand the importance of diversifying their financial assets for tax efficiency. Mike Douglas explains the three types of money: pre-tax, after-tax, and tax-free, and explains how to strategically manage them to avoid overpaying taxes. By blending different types of accounts like 401(k)s, Roth IRAs, and taxable brokerage accounts, retirees can better navigate varying tax rates and maintain a comfortable lifestyle. Ready to explore your tax strategy in retirement? Visit MichigansRetirementCoach.com to connect with Mike and his team today! See omnystudio.com/listener for privacy information.…

1
The Hidden Pitfalls of 401k Rollovers 20:29

hace 11 weeks20:29

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20:29

Avoiding common mistakes in 401k rollovers could save you from unexpected tax consequences. In this episode, Mike Douglas dives into the intricacies of rolling over your 401k into an IRA, focusing on neglected required minimum distributions and the potential benefits of Roth conversions. He explores how the current historically low tax brackets offer a unique opportunity to roll over your savings into a Roth IRA for tax-free growth. Mike highlights the importance of understanding the rules and limitations, especially for high earners who face contribution limits but can still benefit from the backdoor Roth conversion. He also warns of the long-term tax implications that come from converting your IRA into a Roth. Ready to see if 401k Rollovers are right for you? Visit MichigansRetirementCoach.com to connect with Mike and his team today! See omnystudio.com/listener for privacy information.…

1
Protecting Your Legacy: Smart Strategies for Multi-Generational Wealth 16:48

hace 12 weeks16:48

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16:48

An estimated $84 Trillion in wealth is expected to be transferred over the next 20 years. Mike Douglas highlights the challenges financial advisors face when clients pass away and the importance of involving both spouses in financial planning. He emphasizes the need for family meetings to prepare the next generation for inheritance and financial responsibility, ensuring that wealth is preserved and not squandered. Mike also stresses the importance of educating heirs about managing their newfound wealth and the role of financial advisors in facilitating these conversations. Ready to build your retirement plan? Visit MichigansRetirementCoach.com to connect with Mike and his team today! See omnystudio.com/listener for privacy information.…

1
The Reason Why Wives Need to be Involved with Retirement Planning 11:14

hace 13 weeks11:14

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11:14

Research shows that nearly 80% of women will become the sole financial decision maker for their household due to the majority of wives outliving their husbands. In this episode, Mike emphasizes the need for a family wealth strategy that both spouses understand and trust. By being informed and involved, Mike explains why women can help ensure financial stability and focus on cherishing life's moments during retirement. Ready to build your retirement plan? Visit MichigansRetirementCoach.com to connect with Mike and his team today! See omnystudio.com/listener for privacy information.…

1
Bitcoin Added to Pensions? It’s Not as Crazy as You Think 16:20

hace 14 weeks16:20

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16:20

Bitcoin is nearing $100,000 for the first time ever as it continues to make new all-time highs following the election and is now being added to pension plans. Mike discusses the latest trends in pension fund investments, including the move towards cryptocurrency. He highlights this shift and how it impacts traditional retirement funds and what people should consider in today’s rapidly evolving financial landscape. Ready to build your retirement plan? Visit MichigansRetirementCoach.com to connect with Mike and his team today! See omnystudio.com/listener for privacy information.…

1
LeBron’s Secret to Longevity and How it Relates to Your Retirement Plan 16:09

hace 15 weeks16:09

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16:09

Ever wondered how LeBron James maintains peak performance even as he approaches 40? In this episode, Mike dives into the meticulous health regimen that keeps LeBron at the top of his game and how similar principles can be applied to retirement planning. From the benefits of cryotherapy to the importance of having a coordinated team of professionals, discover how investing in yourself could lead to a fulfilling and financially secure retirement. Ready to build your retirement plan? Visit MichigansRetirementCoach.com to connect with Mike and his team today! See omnystudio.com/listener for privacy information.…

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