Michigan's Retirement Coach Podcast With Mike Douglas
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!
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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.
- Update frequency
- every 7 days
- Average duration
- 15 minutes
- Episodes
- 126
- Years Active
- 2023 - 2025
The Reason Why Wives Need to be Involved with Retirement Planning
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 n…
Bitcoin Added to Pensions? It’s Not as Crazy as You Think
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 pens…
LeBron’s Secret to Longevity and How it Relates to Your Retirement Plan
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 sim…
Why Legacy & Estate Planning Should Never Be Overlooked
Mike discusses the legacy of Steve Jobs and draws lessons to why legacy and estate planning is crucial in a retirement plan. He emphasizes the need for a solid estate plan to ensure family harmony an…
The Essentials of Retirement Planning: Strategies for Financial Freedom
Mike discusses the importance of retirement planning, focusing on budgeting strategies, family financial needs, and creating a comprehensive retirement plan. He emphasizes the significance of balanci…
Longevity: The New Retirement Risk
Mike discusses preparing for longevity and the associated financial risks. He highlights the need for a comprehensive retirement plan that addresses income, investments, taxes, and estate planning to…
Social Security: Timing is Everything
Mike discusses the complexities of retirement planning, focusing on social security benefits. He emphasizes the importance of understanding individual circumstances when deciding when to claim social…
Why You Need a Financial Coach
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 f…
Year-End Financial Planning Essentials
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 ye…
Economic Downturns: What Retirees Need to Know
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 corr…
Simplifying Your Retirement and Financial Future
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 plan…
Tax Loss Harvesting: A Year-Round Strategy
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 a…
Social Security Breach: Protecting Your Personal Information
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…
The Role of a Financial Advisor in Retirement Planning
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,…
Being Prepared For Long-Term Economic Downturns
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 posi…
How Risk Tolerance Can Change Over Time
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 requir…
Navigating Market Volatility and Understanding Risk
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 invest…
Building A Well-Rounded Plan For Retirement
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…
The Five Key Areas Retirees Should Focus On
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 addre…
The Importance Of Regular Financial Check-Ins
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 plann…