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

The #1 Retirement Fear: Will You Outlive Your Money?

3 Jun 2026 · 1 min

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0:56

In this segment of his YouTube video, Mike Milligan identifies the most common anxiety among retirees—the fear of outliving their savings. He cites surveys showing that virtually every retiree interviewed names this as their top concern. Milligan argues that the solution lies in securing a guaranteed, recurring retirement income that pays out bi‑weekly or weekly for life, which eliminates the fear of depletion. He then shifts to criticize the Wall Street model of fee‑based investment management, noting that firms like Goldman Sachs and JP Morgan generate record earnings by charging fees to manage retirees’ assets, implying a conflict of interest between advisors and retirees.

Chapters

The other 4, retirement income. The biggest, the biggest fear people have in retirement is running out of money. Every study that, that people that get interviewed who are in retirement, everyone says, my biggest fear is running out of money. Well, if you have money hitting your checking account every 2 weeks or twice a month or every week, and it's guaranteed for your life, well, guess what? There's no fear you're going to run out of money. You may run out of life, but there's going to still be money in your account throughout that whole life. So we deal with how you have retirement income. Yeah. Then we go to investments, right? Because, because Wall Street wants to manage all of your money and they want to do it for a fee. And when they do it for a fee, they start having record earnings like they're having now. Goldman Sachs, JP Morgan, all these companies, record earnings, right?