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Financial Advisor and Co-Founder,
Hanson McClain Advisors
Scott Hanson, CFP, is a financial advisor and co-founder of Hanson McClain Advisors, a financial planning and investment advisory firm with over 4,000 clients nationwide. Hanson co-hosts one of the longest running financial radio programs in America, which can be heard at www.MoneyMatters.com. The author of three books, his most recent, Personal Decision Points: Seven Steps to Your Ideal Retirement Transition is available at www.amazon.com.
Most of us can't count on a defined benefit plan from our employers, but you can still find a way to generate enough income to support you through a comfortable retirement.
See More From: Building Wealth
After they retire, most people completely change some of their investment habits—and risk depleting their wealth.
But if you make a plan for your senior years (that goes beyond money), you can make it the best time of your life.
The average retiree spends 32 hours a week watching TV. Craft a retirement plan to avoid that fate.
Forget the traditional measurements and general rules of thumb. The right answer depends on your risk tolerance, time horizon and other factors specific to your situation.
The rules get tricky for people aged 55 to 59 ½ who leave a workplace but are unsure of their future work plans. Beware of bad advice.
Having peace of mind when it comes to your money depends on much more than your net worth.
You may get to choose from several options for receiving your pension. Here’s how to think it through.
When both partners have a relationship with a family adviser, the transition after the death of a spouse can be far less painful. Here’s why.
For every one person I see who is maximizing the tax benefits, I see 10 other folks who could do a lot better by purchasing term insurance and investing the difference.
It’s probably best to have a diversified approach to your tax planning for retirement in the same manner you would have a diversified approach to your investments.
You could pay nothing in income taxes, or you could pay the same rate as billionaires. Determine how much can be converted without bumping you into a higher tax bracket.
Don't squander your retirement watching TV. Use the skills you have learned over a lifetime to open a new era of creativity. Start a business. Write a book. Go back to college.
Your age is just one factor in determining the right mix of investments.
Honor your beloved relative’s memory by diversifying as soon as possible.
Depends on your health, and whether you could get a better return by reinvesting it in an IRA. Here are the key factors to consider.
Your best bet may be to have the funds transferred into a “beneficiary IRA,” without you ever taking possession of the money.