Mike Milligan says the biggest financial risk is uncertainty about the future. He recommends securing guaranteed income for essential needs first, then investing the rest for growth. This two-part approach protects what matters while keeping pace with inflation.
Chapters
I would rather get to know you and then use the tools that we have going forward, because the future is the greatest risk we have out there. We don't know when we're going to die. We don't know what's going to happen politically or economically or socially. It is the greatest risk we have. But what we have to do is manage the risk based off your beliefs and your values and your need for your money. That's why we look to, as opposed to leaving everything to chance in the future, like many large firms do, by keeping the stock market. That's why we try to take care of the things that matter, like guaranteed income you can outlive, right? And the remaining portfolio is there for growth to help keep pace with inflation.