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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, ...
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Plenty of Positivity with Courtney Beck is devoted to building a positive community for a better tomorrow. This podcast was created for you as valuable members of this community to gain insightful knowledge and walk away with words of wisdom that will inspire you to achieve your own goals and dreams in life. Through discussing topics focused on Life, Sport, and Career, this podcast is sure to inspire and uplift its audience! Life stories will be shared, valuable knowledge will be obtained, a ...
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show series
 
Mike dives into the disconnect many people have regarding the time spent planning vacations versus planning for retirement. He explains the role of financial advisors and the value of comprehensive financial planning, which includes understanding taxes, estate planning, and income management. Mike also shares insights on client engagement and the i…
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Plenty of Positivity with Courtney Beck welcomes Marybeth Colón! Marybeth Colón has more than 25 years of experience in bankruptcy and creditors' rights, real property law, and commercial litigation. In this episode, she discusses her career, life lessons she learned along the way, and parenting through her son's journey in sports. She shares how s…
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Mike discusses the importance of year-end financial planning, including portfolio reviews, insurance checks, and charitable giving. He highlights the significance of setting goals for the upcoming year, encouraging listeners to start planning for their future aspirations. Need a second opinion on your retirement plan? Visit MichigansRetirementCoach…
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Plenty of Positivity with Courtney Beck welcomes Coach Amy Bond! Amy Bond is the Head Coach of the Women's Golf Team at Florida State University (FSU). Coach Bond is the winningest coach in Florida State history! She was named the 2017 ACC Coach of the Year. Under her guidance, the women's golf team has made 18 straight NCAA Regionals and 8 straigh…
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Mike discusses the implications of recent interest rate cuts by the Federal Reserve. The discussion highlights the importance of understanding economic indicators, preparing for potential market corrections, and creating a secure retirement plan that can withstand economic downturns. Mike emphasizes the need for proactive financial strategies to en…
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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 …
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Plenty of Positivity with Courtney Beck welcomes Missy Smith! Missy Smith, CMAA is the Oregon School Activities Association Assistant Executive Director and Founder of The Oregon Girls Sports Leadership Summit, Take the Lead. She also does freelance work for ESPN+ as a Basketball Color Analyst. Most recently, Missy was named the Oregon 3A Boys Golf…
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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 sho…
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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 sensiti…
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Plenty of Positivity with Courtney Beck welcomes Valorie Kondos Field! Valorie Kondos Field, known to many as Miss Val, was the Head Coach of the UCLA Women's Gymnastics Team for 29 years. She was inducted into the 2010 UCLA Athletic Hall of Fame, a Seven-Time National Champion, 18-Time Pac-12 Champion, Four-Time National Coach of the Year, Pac-12 …
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Plenty of Positivity with Courtney Beck welcomes Steven Pivnik! Steven Pivnik is an international keynote speaker, business advisor, best-selling author, and serial entrepreneur. He shares his journey of immigrating to the United States and building a successful business. During his time with his company, Binary Tree, he negotiated and closed multi…
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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…
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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 cha…
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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-t…
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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 …
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Plenty of Positivity with Courtney Beck welcomes Capt Hillary Keltner! Capt Hillary Keltner is an active-duty officer who is currently getting an Air Force sponsored Ph.D at Florida State University in the College of Business. In this episode, Capt Keltner discusses her experience at the United States Air Force Academy. She also speaks to her exper…
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Plenty of Positivity with Courtney Beck welcomes Meg Seng! Meg Seng is an Executive Director for The Academy for Sport Leadership and an Adjunct Instructor at Eastern Michigan University. In this episode, Meg shares wisdom from her 20 years as an Athletic Director at Greenhills School and offers valuable life advice. Her tenure at Greenhills School…
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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 …
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Plenty of Positivity with Courtney Beck welcomes Bart Revels! Bart is a Senior District Sales Manager with 30 years of experience in sales. He is strong on family first. Bart has been married for 28 years and has three daughters. His motto in life is Developing Champions. In this episode, he discusses the importance of hard work and perseverance in…
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Plenty of Positivity with Courtney Beck welcomes Lina Taylor! Lina Taylor is a Two-Time Olympian, Scientist, Entrepreneur, Executive Coach, Wife of a Super Bowl Champion, and Mother of Three. In this episode, Lina shares her experience growing up in communist Bulgaria and her journey to America pursuing collegiate athletics. She provides the audien…
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Mike identifies the five key areas when building out a comprehensive retirement plan: Income Planning Risk Management Investment Quality Taxes Estate Planning 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 …
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Plenty of Positivity with Courtney Beck welcomes a very special guest, Michelle Wilson! She has an incredibly magnetic personality that will put anyone watching this episode into a positive mindset right from the start! Michelle is a top performing business development and sales executive. She discusses the value of mentorship, offers insightful ca…
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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 pla…
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Mike explains how making informed financial decisions can help avoid spending regrets in retirement. He discusses the role of a financial advisor helping people navigate retirement decisions, such as purchasing an RV or vacation home. Visit MyLifePlanFinancial.com to connect with Mike and start building your retirement plan today! See omnystudio.co…
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Mike discusses seeking financial help and the decision to change financial advisors during retirement. He emphasizes the importance of a holistic approach to financial planning and the need for professional guidance in preparation for retirement. Visit MyLifePlanFinancial.com to connect with Mike and start building your retirement plan today! See o…
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Mike discusses why being on the same page with your spouse is significant in retirement planning and emphasizes the need for open communication and shared decision-making. He also explains the need to address difficult decisions and plan for various life scenarios that may happen in your golden years. Visit MyLifePlanFinancial.com to connect with M…
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Mike compares retirement planning to vacation planning. He explains the need for a comprehensive retirement plan that covers all aspects, including social security benefits, taxes, and Medicare premiums. Mike highlights the common mistakes that first-time retirees make and discusses some ways to avoid them. Visit MyLifePlanFinancial.com to connect …
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Mike emphasizes the importance of investing in health, family, travel, and charity. He explains that a comprehensive financial plan gives individuals permission to make informed decisions and pursue their goals in retirement. Visit MyLifePlanFinancial.com to connect with Mike and start building your retirement plan today! See omnystudio.com/listene…
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In this conversation, Mike discusses the story of Nick Saban's retirement and the commandments his wife Miss Terry gave him. Mike explores the importance of knowing who you want to be, who you want to be with, and where you want to go in retirement. He emphasizes the need to have a clear vision for retirement and not let investments determine your …
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In this episode, Mike discusses having a personalized approach to income planning and the risks associated with different income sources in retirement. He also explains the impact of inflation on retirement income and why it needs to be factored into financial planning. Visit LifePlanWealth.com to connect with Mike and start building your income pl…
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Tax planning in retirement is crucial and differs from tax planning during working years. Doing it yourself may result in some challenges. In this episode, Mike discusses the tax rules and regulations retirees face and highlights the importance of aligning tax planning with goals and lifestyle choices. Visit LifePlanWealth.com to connect with Mike …
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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 w…
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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…
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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 …
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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 o…
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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 r…
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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 causi…
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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 financial planning: Prepare in advance: Just like teams …
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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, Mike Douglas, agrees. Many who are approaching retire…
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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 Life Plan Financial Design to help their clients avoi…
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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 about the work they do at Life Plan Financial Design…
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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 m…
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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 individuals face when contemplating their retirement jo…
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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 episode, Michigan’s Retirement Coach Mike Douglas dis…
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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 offset strategies may help save you thousands in taxes…
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For many Americans taxes will be the greatest expense in retirement. Whether you're approaching or already retired, Certified Financial Planner Mike Douglas shares ideas on seizing Roth conversion opportunities and insight on tax planning for retirement, emphasizing the profound impact it could have on your income in the years ahead. Without diving…
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In this episode Mike explores the wisdom of legendary investor Charlie Munger, Warren Buffett's right-hand man, who recently passed away at the age of 99. Munger's investment philosophy, known for its simplicity and humor, provides valuable lessons for planning a successful retirement. Mike shares how the billionaire’s principles align with the goa…
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On this episode, Mike addresses the recent controversial financial advice from renowned personal finance radio host, Dave Ramsey. In a bold statement, Ramsey suggests retirees remain 100% invested in stocks and withdraw 8% annually, without worry. Mike shares the potential pitfalls of this advice, covering the risks of sequence of returns and highl…
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Join Mike Douglas as he discusses strategies to help you better prepare for retirement. Drawing parallels with the classic movie "Home Alone," he explores the fear and uncertainty many people feel in today's financial landscape. From the evolution of financial rules to the impact of market fluctuations, Mike covers crucial insights to help empower …
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Mike Douglas is no stranger to board games and Monopoly is one of his favorites so adapting Monopoly game strategies to retirement planning strategies is a no-brainer. Don't settle for just financial planning; set your sights on a fulfilling future. Michigan's Retirement Coach was recently selected as one of Feedspot's Top Retirement Podcasts to Fo…
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