# (#69) Your 401k Shouldn't Become a 201k - Let's Fix That with Mike Milligan Page: https://stenobird.com/podcast/now-what-7067347/69-your-401k-shouldn-t-become-a-201k-let-s-fix-that-with-mike-milligan Text version: https://stenobird.com/podcast/now-what-7067347/69-your-401k-shouldn-t-become-a-201k-let-s-fix-that-with-mike-milligan.md Podcast: [Now What](https://stenobird.com/podcast/now-what-7067347) Published: 2026-05-28T10:00:00+00:00 Episode link: https://motivatewithmelis.com Audio file: https://dts.podtrac.com/redirect.mp3/traffic.libsyn.com/secure/a84a9244-1b16-4d63-a8d1-c8ba2b664bd9/69_Your_401k_Shouldnt_Become_a_201k_-_Lets_Fix_That_with_Mike_Milligan-FINAL.mp3?dest-id=4695442 Processing state: not_requested JSON: https://stenobird.com/v1/public/podcasts/now-what-7067347/episodes/69-your-401k-shouldn-t-become-a-201k-let-s-fix-that-with-mike-milligan Duration seconds: 2062 ## Resource Squad, we are talking about money today. Your money. Your next chapter. Your plan. And I brought in the guy who makes this stuff actually make sense โ€” without the intimidation, without the jargon, and without making you feel behind. This conversation is going to fire you up in ways you did not expect from a money episode. Meet Mike Milligan: He's a certified financial planner, fiduciary, founder of Ideas by Mike and One Oak Financial, and author of The One-of-a-Kind Financial Plan. Mike has spent 30 years helping people turn financial chaos into a real plan โ€” and he lives in Puerto Rico because taxes are THAT big of a deal to him. Yeah. He's that good. ๐Ÿ’ธ ๐ŸŽ‰ This episode is brought to you by Cozy Earth. Squad, our friends at Cozy Earth are hooking you up โ€” use code MELIS at cozyearth.com for up to 30% off now through June 1st. And make sure to mention Now What?! in the post-purchase survey so they know we sent you. ๐Ÿ˜Œ ๐Ÿ”ฅ IN THIS EPISODE WE GET INTO: ๐Ÿ’ธ Why money is just a tool โ€” and how shifting that mindset changes everything about how you earn, save and spend ๐Ÿ  The $10,000 gift that could give your kids $500,000 in equity โ€” and why giving money NOW beats leaving an inheritance later ๐Ÿงพ The Augusta, Georgia tax hack that lets you rent your home tax-free โ€” and yes, it applies to YOU too ๐Ÿ˜ด The "sleep meter" approach to financial risk โ€” and why there's no one-size-fits-all answer for midlife investing ๐Ÿ“– Why your first memory of money is running your financial life right now โ€” and what to do about it ๐Ÿ’ฅ PLOT TWIST TAKEAWAY Your financial plan shouldn't be built around a spreadsheet. It should be built around your life โ€” your why, your goals, your laundry preferences. ๐Ÿ˜„ It's never too late to get this right. And the cost of NOT having a plan is always higher than the cost of gettโ€ฆ ## Actions - request_transcript: `POST https://stenobird.com/v1/public/podcasts/now-what-7067347/episodes/69-your-401k-shouldn-t-become-a-201k-let-s-fix-that-with-mike-milligan/transcription-requests` โ€” Idempotently request low-priority transcript generation for this episode. - read_markdown: `GET https://stenobird.com/podcast/now-what-7067347/69-your-401k-shouldn-t-become-a-201k-let-s-fix-that-with-mike-milligan.md` โ€” Read the agent-friendly Markdown representation of this episode resource. A page view does not enqueue transcription. Agents should invoke `request_transcript` explicitly when they need this episode processed. ## Transcript Full transcripts are not published on public pages unless there is a clear rights basis.