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

Roth Conversions, RMDs & Medicare in 2026

24 Apr 2026 · 1 min

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In this brief dialogue, Mike Milligan explains that owing more tax than expected signals a lack of coordination between retirement income withdrawals and tax planning. He emphasizes that the surprise tax bill is a useful diagnostic tool and should prompt clients to adjust their strategy to prevent future surprises. The conversation ends with a call to action, encouraging viewers to schedule a consultation to ensure their withdrawals and tax strategy are aligned and to avoid recurring unexpected tax liabilities.

Chapters

I owed more than I expected. What does that tell me, Mike? It usually signals a lack of coordination between income withdrawals and tax strategy. It's not just about what happened, it's about what can be adjusted moving forward. See, that surprise is actually useful, because isn't the real question, or shouldn't our question be, how do we prevent this from happening again? And so, this is where we look and we talk about, like, Come on in, schedule a time with us, and by scheduling a time with us, we can make sure you are, you are, you're taken care of, or the surprise doesn't, doesn't come back at you.
Yeah, you don't want this to happen. I mean, one time is okay, but you don't want to repeat the same thing over and over again, Mike. Am I right? That's correct.