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
Avoiding Spending Regrets In Retirement
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…
The Challenges And Complexities Of Retirement Planning
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 profe…
Communication And Decision-Making In Retirement Planning
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 t…
Avoiding First-Time Retirement Mistakes
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 premi…
Four Splurges In Retirement You Won't Regret
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 …
Knowing Who You Want To Be In Retirement
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…
Overcoming The Fear Of Financial Mistakes
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 ret…
The Risks Of DIY Tax Planning In Retirement
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 regulation…
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…
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,…
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…
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 …
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 c…
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 wh…
March Madness And Your Money: Building A Retirement Gameplan
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 mo…
Don't Let Retirement Taxes Steal Your Golden Years
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…
How Emotions Could Wreck Your Retirement
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 liveli…
Exposing The Fees Stealing Your Retirement Savings
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 cha…
Retirement Mulligans: Do-Overs for Your Golden Years
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 …
The “Right” Time To Retire – Lessons From Nick Saban
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 poi…