5 Steps to Declutter Your Wealth
In this segment of Mike Milligan’s “5 Steps to Declutter Your Wealth,” he highlights two critical administrative actions for personal finance health. First, he points out that, according to the U.S. Department of Labor, billions of dollars are sitting in forgotten retirement accounts from former employers, emphasizing the need for individuals to locate and consolidate these assets. Second, he stresses the importance of reviewing beneficiary designations, noting that they typically supersede wills; outdated beneficiaries can cause assets to be transferred contrary to the owner’s current wishes. Milligan frames these points as essential clarity about what one owns, not investment advice, and positions them as foundational steps toward a cleaner financial picture.
