58 episodes
Michigan's Retirement Coach Podcast With Mike Douglas Mike Douglas
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5.0 • 2 Ratings
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Retire with confidence! Introducing "Michigan's Retirement Coach," podcast- one of Feedspot's "Top Retirement Podcasts You Must Follow!"
Join Mike Douglas and his engaging series as he draws upon insights from real clients and their stories to help you make the most of a fulfilling retirement.
Mike and the whole team at LifePlan Financial Design can help you navigate the complexities of retirement planning in Michigan. Click for your personalized Retirement Roadmap here!
Follow on Facebook, Instagram, LinkedIn, YouTube and X (formerly known as Twitter)
About Mike Douglas, President and Advisor at LifePlan Wealth Design:
Mike Douglas specializes in wealth management and retirement planning at LifePlan Financial Design. Previously, he spent many years in the service industry, focusing on account management and business-to-business relationships.
His CFP® professional and financial planner certification and MBA round out his unique insight. He combines those experiences with his life, health, and Series 65 securities licenses and training to help families pursue their financial goals.
Mike and his wife, Kimberly, live in Howell, Michigan, with their four young children: Gavin, Zachary, Kaleb, and Emmalyn, along with one Shorkie (Shih Tzu/Yorkie), Satchmo. He enjoys doing anything with his family – sports, gardening, cooking, fishing, and more. Mike plays the piano and several other instruments at church and also enjoys golf and running. A former college football and tennis athlete, he completed his first marathon in 2017 at Walt Disney World.
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Exploring The Option Of Snowbirding In Retirement
What are the benefits and challenges of having two properties in retirement?
In this episode, Mike discusses whether it's better to own or rent a property down south, balancing the expenses of having two homes, and why legacy planning is important to think about when determining if snowbirding is right for you.
Visit LifePlanWealth.com to connect with Mike and discuss your retirement plans today!
See omnystudio.com/listener for privacy information. -
No More Pensions: The Changing Landscape Of Retirement Planning
Companies are moving away from pensions due to the financial strain of supporting retirees with life expectancy rising and people working less years for one company in their careers.
In this episode, Mike discusses The Big 3 (Ford, Chrysler, and General Motors) and the pros and cons of the options employees have for retirement income: Taking a lump sum up front or taking a monthly pension for the rest of their life. Which is better?
Visit LifePlanWealth.com to connect with Mike and discuss your retirement income options today!
See omnystudio.com/listener for privacy information. -
The Trade-Offs Of Waiting: Missed Benefits and Depleted Savings
When deciding when to take Social Security benefits, it's important to consider the holistic picture of your retirement plan, including savings, income needs, and investment growth potential.
In this episode, Mike discusses how waiting to take Social Security may result in missed benefits and the potential of running out of savings if income needs are not met.
Visit LifePlanWealth.com to connect with Mike and discuss your options for taking Social Security today!
See omnystudio.com/listener for privacy information. -
Fees In Retirement You May Not Be Aware Of
Airlines brought in a whopping $33 Billion in baggage fees last year. These are fees we know that we pay when we travel. But what about the fees in your retirement portfolio? How much in hidden fees are you really paying?
In this episode, Mike explains why retirees could be mislead by how much they’re actually paying in fees due to the complexity of the prospectus they receive every year.
Visit LifePlanWealth.com to see what fees are coming out of your retirement portfolio today!
See omnystudio.com/listener for privacy information. -
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 determining the right amount of income to live on during retirement.
Visit LifePlanWealth.com to begin building your own retirement plan!
See omnystudio.com/listener for privacy information. -
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 year. Recently, the SEC approved ETFs for Bitcoin causing a spike in interest and seeing billions of dollars inflow into the crypto sector. Many people are still choosing to avoid Bitcoin and cryptocurrency, but is a small allocation worth it for your retirement plan? Mike discusses the opportunities and warnings for retirees.
Visit LifePlanWealth.com to begin building your own retirement plan!
See omnystudio.com/listener for privacy information.
Customer Reviews
I can see why this podcast is a must follow
I saw Mike Douglas was a Top Retirement a Podcast to Follow and I can see (or hear) why! He definitely oozes “coach” when it comes to financial planning. He’s worth following.