Michigan's Retirement Coach Podcast With Mike Douglas

Hosted by Mike Douglas

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Episodes

198

Latest episode

Jun 2026

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About the show

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 , Instagram , LinkedIn , YouTube and X (formerly known as Twitter) 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.

Listen to episodes

60 recent

June 16, 202610 min

The 4% Rule: Does It Still Work?

Does the 4% rule still hold up in today’s market—or is it time to rethink the strategy? In this episode, Mike Douglas explains why the once-popular rule has shifted from a fixed formula to a flexible guideline. He breaks down current research, changing market conditions, and how factors like inflation, longevity, and volatility impact withdrawal strategies. The conversation highlights why adaptability matters and what retirees should consider when building an income plan that responds to changing conditions.   Schedule your complimentary appointment today: MichigansRetirementCoach.com   Follow us on social media: YouTube | Facebook | Instagram | LinkedInSee omnystudio.com/listener for privacy information.

June 14, 202630 min

Are Roth Conversions Based on Bad Math?

Are you relying too much on a calculator to make retirement decisions? In this episode from this past weekend’s radio show, Mike Douglas breaks down the growing uncertainty around inflation, job stability, and tax policy—and how those factors affect retirement planning. The conversation explores Roth conversions, why projections are only part of the picture, and the importance of coordinating taxes, investments, and income strategies. Mike also discusses how to prepare for unexpected events like layoffs and why building a flexible, lifestyle-focused plan can help guide decisions through changing circumstances. Schedule your complimentary appointment today: MichigansRetirementCoach.com   Follow us on social media: YouTube | Facebook | Instagram | LinkedInSee omnystudio.com/listener for privacy information.

June 9, 20266 min

How to Turn Your Savings Into Retirement Income Without Running Out

What does it really take to turn your savings into dependable income in retirement? In this episode, Mike Douglas outlines the key components of building a practical income strategy, including defining your income needs, creating a flexible withdrawal approach, and using a bucket strategy to manage risk. He also discusses Social Security timing and how taxes can impact long-term income. The conversation focuses on how these elements work together to help shape a structured plan for navigating retirement spending and market changes.   Schedule your complimentary appointment today: MichigansRetirementCoach.com   Follow us on social media: YouTube | Facebook | Instagram | LinkedInSee omnystudio.com/listener for privacy information.

June 7, 202630 min

The Small Mistakes That Can Derail Retirement

Are small financial decisions quietly turning into bigger problems over time? In this episode from this past weekend’s radio show, Mike Douglas discusses why retirement planning isn’t just about markets, but about life changes, priorities, and preparation. The conversation covers addressing issues early, building a plan for different “seasons” of retirement, and balancing saving with meaningful spending. Mike also highlights how fear can shape decisions and why having a structured, adaptable plan helps bring clarity to income, expenses, and long-term goals. Schedule your complimentary appointment today: MichigansRetirementCoach.com   Follow us on social media: YouTube | Facebook | Instagram | LinkedInSee omnystudio.com/listener for privacy information.

June 2, 20269 min

Social Security FAQs: What’s the Best Age to Claim? Can I Work and Collect? Will I Pay Taxes?

When should you claim Social Security—and what could it mean for your income? This episode breaks down five of the most common questions surrounding Social Security, including when to start benefits, how working impacts payments, and how spousal and divorce benefits are calculated. Mike Douglas also explains how taxes may apply and addresses concerns about the program’s long-term outlook. The conversation highlights how timing, income, and personal circumstances all factor into Social Security decisions.   Schedule your complimentary appointment today: MichigansRetirementCoach.com   Follow us on social media: YouTube | Facebook | Instagram | LinkedInSee omnystudio.com/listener for privacy information.

May 31, 202620 min

The Hidden Risks Behind “We’re Fine” in Retirement

What happens when “we’re fine” isn’t the full picture? In this episode from this past weekend’s radio show, Mike Douglas explores how hidden risks can surface as retirement approaches. Using real-life examples, the conversation highlights common warning signs—like relying too heavily on the market, lacking a written income plan, and avoiding tough financial conversations. The show also examines how emotions, risk tolerance, and life stage influence decision-making, especially during market downturns. It’s a practical look at recognizing gaps and understanding how preparation can shape a more stable retirement experience. Schedule your complimentary appointment today: MichigansRetirementCoach.com   Follow us on social media: YouTube | Facebook | Instagram | LinkedInSee omnystudio.com/listener for privacy information.

May 26, 20265 min

Is Social Security Running Out?

Is Social Security really running out—or is the real story more complicated? In this episode, Mike Douglas breaks down what recent headlines are getting right and wrong about Social Security’s future. He explains the projected timeline for trust fund shortfalls, how benefits could be impacted, and why the system isn’t expected to disappear. The conversation also covers potential policy changes, the role of payroll taxes, and practical considerations individuals may weigh when planning for retirement income in the years ahead.   Schedule your complimentary appointment today: MichigansRetirementCoach.com   Follow us on social media: YouTube | Facebook | Instagram | LinkedInSee omnystudio.com/listener for privacy information.

May 19, 20269 min

Social Security: What It Was Built For vs. What It Is Today

What if Social Security was never meant to function the way many people think it does today? In this episode, Mike Douglas explains the origins of Social Security, how it has evolved since 1935, and why its structure still operates as a pay‑as‑you‑go system. He discusses common misconceptions about how benefits are calculated, the impact of longer lifespans and demographic shifts, and current concerns about future funding. The conversation also outlines how Social Security fits within a broader retirement income strategy.   Schedule your complimentary appointment today: MichigansRetirementCoach.com   Follow us on social media: YouTube | Facebook | Instagram | LinkedInSee omnystudio.com/listener for privacy information.

May 17, 202630 min

Why Saving Alone Doesn’t Prepare You for Retirement

You’ve saved for retirement—but do you actually know how to use it? In this episode from this past weekend’s radio show, Mike Douglas explains why many savers feel stuck when it’s time to transition into retirement. Using real-life stories and simple analogies, he breaks down how to think about income, taxes, and long-term planning step by step. The conversation also explores the importance of purpose in retirement and why having a clear plan matters more than relying on rules of thumb. It’s a practical look at turning savings into a strategy that fits your goals. Schedule your complimentary appointment today: MichigansRetirementCoach.com   Follow us on social media: YouTube | Facebook | Instagram | LinkedInSee omnystudio.com/listener for privacy information.

May 12, 20269 min

The Social Security Decision That Could Change Your Retirement

Could the way you claim Social Security shape more of your retirement than you expect? In this episode, Mike Douglas explains why Social Security should be part of a broader strategy—not treated as a standalone decision. He breaks down common misconceptions about claiming ages, highlights the trade-offs between taking benefits early or later, and discusses how longevity, income needs, and future uncertainty all play a role in timing. The focus is on building a plan that coordinates Social Security with other income sources and long-term goals.   Schedule your complimentary appointment today: MichigansRetirementCoach.com   Follow us on social media: YouTube | Facebook | Instagram | LinkedInSee omnystudio.com/listener for privacy information.