Why 60% of Retirees Go Back to Work (And How to Avoid It)
In this segment of his YouTube video, Mike Milligan argues that many retirement‑related firms—whether they are retirement companies, financial planners, investment firms, or insurance agents—tend to focus narrowly on a single product or transaction that promises retirement income. He contends that this product‑centric mindset ignores the broader vision and purpose of a client’s retirement life. Milligan advocates for a holistic, vision‑first approach: first understand the client’s desired retirement lifestyle and life purpose, then determine how money can be allocated to support that vision, rather than letting money dictate the lifestyle. He warns that firms that count every dollar without aligning it to a life vision may leave retirees dissatisfied, potentially prompting them to return to work.
