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No More Pensions: The Changing Landscape Of Retirement Planning

No More Pensions: The Changing Landscape Of Retirement Planning

Released Tuesday, 16th April 2024
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No More Pensions: The Changing Landscape Of Retirement Planning

No More Pensions: The Changing Landscape Of Retirement Planning

No More Pensions: The Changing Landscape Of Retirement Planning

No More Pensions: The Changing Landscape Of Retirement Planning

Tuesday, 16th April 2024
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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 sum up front or taking a monthly pension for the rest of their life. Which is better?

Visit LifePlanWealth.com to connect with Mike and discuss your retirement income options today!

See omnystudio.com/listener for privacy information.

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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!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.

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