Financial advisor Mike Milligan argues taxes are your biggest lifetime expense, not investments. Without a tax strategy, your financial plan is incomplete. He stresses the need for a written retirement income plan at any age.
Ironically, investments are a part of a financial plan, but they're not the only part. Matter of fact, they're not the most expensive part. They are the part that hold the most risk, right? Whether it's stock market risk or risk that your investments won't go up as much to keep pace with inflation, or that your money will not last as long as your lifespan is. But so like the things that if you don't have a plan around taxes, Taxes are the biggest expense you'll ever have in your life. And if you don't have a plan on how to reduce them, you don't have a real financial plan. If you don't have a, if you don't have a written retirement income plan, and I don't care if you're 40, 50, 60, or in retirement, if your retirement income plan is not written down, you don't have a good financial plan.
How to evaluate AI growth stocks (Nvidia, Oracle, CoreWeave) beyond market hype
How to evaluate AI growth stocks (Nvidia, Oracle, CoreWeave) beyond market hype
