Mike Milligan discusses the concept of your retirement CHI 

Listen to the interview on the Business Innovators Radio Network: https://businessinnovatorsradio.com/interview-with-mike-milligan-founder-of-1-oak-financial-discussing-your-retirement-chi/

Mike Milligan, the founder of 1 Oak Financial. He delved into the concept of “Retirement Chi,” a term that Mike has trademarked, which emphasizes the importance of building a personal vision for retirement that goes beyond mere financial planning. 

Mike explained that while many retirees focus on investments and financial security, they often overlook the emotional and social adjustments that come with retirement. He highlighted the psychological impacts of this major life transition, including feelings of loss, anxiety, and identity shifts. Retirement Chi aims to address these concerns by focusing on three key elements: Community, Health, and Impact. 

Mike discussed how retirees can define their community—whether it be through family, friends, or social groups—and the importance of maintaining health and vitality during retirement. Mike emphasized that health is not just about avoiding illness but about creating energy and vitality for daily activities. The impact aspect encourages retirees to find ways to contribute and share their wisdom, whether through mentoring, volunteering, or engaging in meaningful conversations. 

Additionally, he explored the concept of “geographic arbitrage,” which involves relocating to areas with a lower cost of living while maintaining quality of life. Mike shared examples of clients who have successfully made this transition, allowing them to stretch their retirement dollars further and enhance their overall lifestyle. 

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

Finally, Milligan touched on the significance of legacy planning, emphasizing that a meaningful legacy is built on values and experiences rather than just financial wealth. Mike’s approach integrates faith and personal values into legacy planning, ensuring that future generations inherit wisdom alongside wealth. 

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: http://www.1OakFinancial.com  

Recent News & Interviews:

Mike Milligan discusses The Sea of Sameness https://authoritypresswire.com/mike-milligan-founder-of-1-oak-financial-interviewed-on-the-influential-entrepreneurs-podcast-discussing-the-sea-of-sameness/

Mike Milligan discusses “Deja vu Traps” in the Context of Retirement Planning https://authoritypresswire.com/mike-milligan-founder-of-one-oak-financial-interviewed-on-the-influential-entrepreneurs-podcast-discussing-deja-vu-traps-in-the-context-of-retirement-planning/

Mike Milligan discusses Insights of the Paralysis Penalty https://authoritypresswire.com/mike-milligan-founder-of-1-oak-financial-interviewed-on-the-influential-entrepreneurs-podcast-discussing-the-paralysis-penalty/

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.