Mike MilliganFounder and CEO, 1.oak Financial · Founder and CEO, 1.oak Financial

How Sports Legends Built Mega Fortunes After Retirement (MJ, Magic, & Tiger Financial Lessons)

13 Oct 2025 · 1 min

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In this brief monologue, Mike Milligan argues that even top‑performing athletes need a unique, diversified financial plan for retirement. He cites Michael Jordan, Magic Johnson, and Tiger Woods as examples of Hall‑of‑Famers who surrounded themselves with advisors for tax and retirement‑income planning, built broadly diversified investment portfolios, and secured long‑term care, life insurance, and legacy strategies to ensure wealth passes smoothly to the next generation.

Chapters

See, Hall of Famers can teach us that even though you're great, you're at the top of your career in your job, when it comes to retirement, you need to create diversified paths. That's what the one-of-a-kind financial plan does. I can look at Michael Jordan, Magic Johnson, and Tiger Woods and see the one-of-a-kind financial plan and what they've done. See, they focused on having advisors around them that helped them with tax planning. That helped them with retirement income planning when they were no longer working on the court or on the golf course. They created an investment strategy that was broadly diversified, and they all have long-term care and life insurance or legacy plays in place for themselves when they're going, so money could go to the next generation properly.