Mike Milligan, Founder Of 1 Oak Financial, Interviewed On The Influential Entrepreneurs Podcast Discussing The Five Pillars Of A Unique Plan

2025-09-05 03:07:09

(MENAFN- GetNews)

Mike Milligan discusses the five pillars of a unique plan

Listen to the interview on the Business Innovators Radio Network:

Mike Milligan, the founder of 1 Oak Financial. He delved into the concept of the“five pillars of your unique plan,” which form the foundation of his book, The One-of-a-Kind Financial Plan.

Mike shared his belief that everyone is unique and that financial planning should reflect that individuality rather than adhere to a one-size-fits-all approach. He emphasized the importance of being present in our lives and embracing our uniqueness, which is crucial when planning for retirement.

He explored the five pillars in detail:

Tax Planning : Mike highlighted that taxes are often the largest expense individuals face and that proactive tax planning can significantly impact one's financial life.

Retirement Income Planning : This pillar focuses on ensuring a steady income stream during retirement, allowing individuals to enjoy their lives without financial stress.

Investment Planning : Mike pointed out that investment strategies should align with one's retirement vision and not just be about chasing returns.

Long-Term Care Planning : He stressed the importance of preparing for future health needs and understanding the costs associated with long-term care.

Legacy Planning : This often-overlooked pillar is essential for ensuring that one's wishes are honored and that loved ones are taken care of after one's passing.

Throughout the podcast conversation, Mike emphasized the need for a dynamic and flexible financial plan that can adapt to life's changes. He also discussed the importance of strategic withdrawal sequencing and tax strategies to maximize retirement income while minimizing taxes.

He wrapped up with a client success story that illustrated the transformative power of the one-of-a-kind financial plan, showcasing how it can provide clarity, peace of mind, and a sense of security for individuals approaching retirement.

Mike shared :“I believe everyone is One of a Kind; and You deserve a One of a Kind Financial Plan

that is about You.”

Video Link:

About Mike Milligan

Mike Milligan, a Certified Financial Planning Professional, author, podcast and radio show host, and university lecturer, brings 26 years of experience to the financial planning industry. After beginning his career in large banks and insurance companies, he founded his first firm 15 years ago with the belief that“everyone is One of a Kind; and they deserve a One of a Kind Financial Plan.”

Challenging the“One Size Fits All” approach to financial advice, which he refers to as“Retirement Déjà Vu

,” Mike developed The One of a Kind Financial Plan

. This comprehensive plan addresses taxes, retirement income, investments, long-term care, and legacy, enabling clients to live a“One of a Kind Life.” Recognizing the need for a clear retirement vision, he then created Retirement CHI

to supplement the plan. This innovative approach focuses on community, health, and impact, further reducing stress for his clients. Mike leads a team of over 20 professionals across the United States, including Hawaii.

Learn more :

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The information provided is for illustrative purposes only and does not constitute investment, tax, or legal advice. Information is obtained from sources believed to be reliable, but accuracy and completeness cannot be guaranteed. Neither Mike Milligan nor his guests are liable for the use of information discussed. Always consult with a qualified investment, tax, or legal professional before taking any action or schedule a meeting with Mike Milligan. Annuity guarantees are based solely on the financial strength and claims-paying ability of the issuing company. Individuals should thoroughly review the contract for specific product features and costs. Income payments and withdrawals from deferred annuities are generally taxable as ordinary income in the year they are taken.

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