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Scott Hanson, CFP
Financial Advisor and Co-Founder, Hanson McClain Advisors

Scott Hanson, CFP, answers your questions on a variety of topics and also co-hosts a weekly call-in radio program. Visit HansonMcClain.com to ask a question or to hear his show. Follow him on Twitter at @scotthansoncfp.

Based on History, Wealthy Should Take Social Security ASAP
retirement

Based on History, Wealthy Should Take Social Security ASAP

For those who don't need Social Security benefits to live on, there are good reasons to take them sooner rather than later. Here's why.
July 9, 2019
With Finances, Keep It Simple, Stupid (Even If You’re Rich)
investing

With Finances, Keep It Simple, Stupid (Even If You’re Rich)

The hot hedge fund or investment property your golf buddy is bragging about may sound tempting. But before you bite, understand the cons of complicate…
May 21, 2018
Which Retirement Savings Plans Are Best for Teachers?
IRAs

Which Retirement Savings Plans Are Best for Teachers?

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…
March 15, 2018
Can I Give An Inherited Retirement Account to My Mom?
retirement

Can I Give An Inherited Retirement Account to My Mom?

Your best bet may be to have the funds transferred into a “beneficiary IRA,” without you ever taking possession of the money.
February 6, 2018
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Using an IRA to Make the House Payment
IRAs

Using an IRA to Make the House Payment

Before you tap your IRA to pay off a mortgage, remember the money hasn't been taxed yet. Instead, consider a "mortgage IRA."
February 6, 2018
This Tax Overhaul Will Be Final Straw for Many Californians
taxes

This Tax Overhaul Will Be Final Straw for Many Californians

Get ready to see a lot of moving vans headed out of high-tax states, like California, New Jersey and Maryland. But for people in high-tax states, ther…
January 11, 2018
Baby Boomers are Rewriting Retirement History
retirement

Baby Boomers are Rewriting Retirement History

Can you a remember a time when retirement didn’t exist? It wasn't that long ago. And we might be heading that way again, because today's "retirees" ha…
January 3, 2018
The True Cost of Gray Divorce
retirement

The True Cost of Gray Divorce

Typically, the longer you've been together, the more assets you've acquired, and the more expensive the process. I've seen couples spend $200,000 in l…
September 25, 2017
7 Places to Find Income Once You Retire
Close-up Of Businessman Holding Magnifying Glass In Front Of Money Plants
retirement

7 Places to Find Income Once You Retire

Try these sources of income in retirement to help cover expenses from health care to spoiling your grandchildren.
July 14, 2017
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The Value of Having a Trusted Financial Adviser When a Spouse Is at Death’s Door
investing

The Value of Having a Trusted Financial Adviser When a Spouse Is at Death’s Door

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.
March 30, 2017
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It Pays to Know Your Pension Options
options

It Pays to Know Your Pension Options

You may get to choose from several options for receiving your pension. Here’s how to think it through.
March 30, 2017
Don't Rush to Roll That 401(k) Into an IRA
retirement

Don't Rush to Roll That 401(k) Into an IRA

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.
March 30, 2017
What's the Right Asset Allocation for Your Portfolio?
investing

What's the Right Asset Allocation for Your Portfolio?

Forget the traditional measurements and general rules of thumb. The right answer depends on your risk tolerance, time horizon and other factors specif…
March 30, 2017
What Life Is Really Like In Retirement
retirement

What Life Is Really Like In Retirement

The average retiree spends 32 hours a week watching TV. Craft a retirement plan to avoid that fate.
March 30, 2017
Many Americans Don't Enjoy Retirement
retirement

Many Americans Don't Enjoy Retirement

But if you make a plan for your senior years (that goes beyond money), you can make it the best time of your life.
March 30, 2017
The Key Mistakes Investors Make in Retirement
investing

The Key Mistakes Investors Make in Retirement

After they retire, most people completely change some of their investment habits—and risk depleting their wealth.
March 30, 2017
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4 Ways to Create Your Own Pension
investing

4 Ways to Create Your Own Pension

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 c…
March 30, 2017
Why Trump’s Move to Dismantle Rule Protecting Investors Isn’t a Bad Idea
retirement

Why Trump’s Move to Dismantle Rule Protecting Investors Isn’t a Bad Idea

Don’t get me wrong: The fiduciary standard is laudable, but the Department of Labor’s rule is flawed. We can do better.
March 30, 2017
6 Keys to True Financial Independence
savings

6 Keys to True Financial Independence

Having peace of mind when it comes to your money depends on much more than your net worth.
February 4, 2016
Just Say No to Universal Life Insurance as a Retirement Fund
life insurance

Just Say No to Universal Life Insurance as a Retirement Fund

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 investi…
December 8, 2015
Calculating the Tax Bite When Converting a 401(k) to a Roth IRA
401(k)s

Calculating the Tax Bite When Converting a 401(k) to a Roth IRA

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 …
November 5, 2015
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The Biggest Oversight in Most Americans' Retirement Planning
retirement

The Biggest Oversight in Most Americans' Retirement Planning

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…
October 26, 2015
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Asset Allocation Advice for Older Retirees
investing

Asset Allocation Advice for Older Retirees

Your age is just one factor in determining the right mix of investments.
October 26, 2015
Don’t Be Sentimental with Inherited Stocks
investing

Don’t Be Sentimental with Inherited Stocks

Honor your beloved relative’s memory by diversifying as soon as possible.
October 26, 2015
Should I Take the Lump Sum on My Pension?
retirement

Should I Take the Lump Sum on My Pension?

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.
October 26, 2015
A 401(k) for a New College Grad? Yes!
investing

A 401(k) for a New College Grad? Yes!

Better still If the employer offers a Roth option. The money inside the plan will grow tax-deferred, and with the Roth, it can be withdrawn tax-free i…
October 26, 2015
Should You Save for Retirement in a 401(k) or Roth IRA?
retirement

Should You Save for Retirement in a 401(k) or Roth IRA?

All things being equal, saving the maximum into a Roth option provides the greatest chance of high, after-tax income during retirement.
October 26, 2015