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5 Reasons Women Should Plan for Long-Term Care

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We believe financial education is indispensable. Having the right information can empower you to act with clarity and confidence, to ultimately live a more meaningful, satisfactory life.

Greatest Retirement Mistake

While on the golf course with his son, David McKnight got asked a question, by a couple of men in their early 70s, every pre-retiree and retiree wonders at some point: “What’s the biggest mistake people make when preparing for retirement?” Many…

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David McKnight September 17, 2025

The Hidden Costs of Whole Life Insurance

For many people, an approach that incorporates whole life insurance has become part of their broader retirement strategy. Is that a good way to go? That’s what David McKnight addresses in this episode. While Whole Life has some legitimate…

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David McKnight September 10, 2025
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A financial advisor explains the differences between SPIAs and fixed indexed annuities as tools for retirement income planning.

The FIA: A Tool for Overcoming Perceived SPIA Deficiencies

The following content is adapted from the book Tax-Free Income for Life by David McKnight. In this article, I want to address the topic of single premium immediate annuities (SPIAs). In past writings, I shared how the SPIA is an effective solution to address longevity risk and that it offers multiple benefits around lifetime income in retirement. I’ve also written about why so few Americans take advantage of the SPIA solution: lack of liquidity, lack of an inflation hedge, and the Mack Truck Factor. In this article, though, I’ll share how insurance companies have reacted to these three chief […]

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Sequence-of-return risk is a simple concept, but its impact can have a complex and significant effect on your retirement portfolio.

Understanding Sequence-of-Return Risk and Longevity Risk

If you’ve read our previous articles, you know the Hanson Wealth Management team believes strongly in the power of financial education. Our mission with today’s topic is to educate you about several very real risks threatening to undermine your retirement outlook. Of course, we also want to empower you now, in the present, to take control of your financial future. Below, we share more content from David McKnight about a threat lurking in your portfolio — sequence-of-return risk — and the risk multiplier that makes it even more dangerous. As you read, take notes on questions you may have, […]

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Your retirement tax planning may be complicated by this demographic glitch caused by the Baby Boomer generation.

The Demographic Glitch That May Cause Your Taxes to Double

The Baby Boomer generation is well-known for being the product of the post-World War II baby boom, and for rejecting and redefining traditional values in many ways. However, did you know that the Baby Boomer generation also represents a “demographic glitch” in a way that is important to all of us? Allow me to explain.

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The potential for a tax train wreck is on the horizon in the form of increasing taxes that could impact retirement savings.

Will an Oncoming ‘Tax Train Wreck’ Threaten Your Retirement?

At Hanson Wealth Management, we are committed to helping our clients achieve lives of meaning and purpose. What does that mean? Well, the specifics are different for everyone, but we believe every person’s strategy should include a comprehensive approach to financial planning. Most especially, it means having a retirement plan that takes into account the impact of potentially increasing taxes on your retirement distributions. Why is this so important? Well, to put it simply, there is a storm brewing that can put your retirement financial outlook in jeopardy: taxes are very likely to increase. In this article, we explain […]

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Bring your Daughter to Work Day

We loved having a special guest in the office for Bring Your Daughter to Work Day! Lillian, Brian’s daughter, spent the day getting a behind-the-scenes look at what we do and quickly became part of the team. Lillian brought great energy and plenty of smiles along the way. Days like these are a great reminder of the importance of family and the opportunity to share what we do with the next generation—while making a few fun memories in the process.

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Discover how to utilize your taxable bucket within the Power of Zero framework to help reduce future tax exposure. Read more now!

Achieving the 0% Tax Bracket: How to Utilize Your ‘Taxable Bucket’

One of the foundational ideas in David McKnight’s Power of Zero philosophy is that future tax rates may be significantly higher than they are today. Rising national debt and growing entitlement programs may potentially impact retirees relying on taxable and tax-deferred accounts, possibly leading to higher income tax burdens in retirement.  To prepare for that potential reality, one goal of tax-efficient retirement planning is to structure your finances so that your retirement income falls into the 0% federal tax bracket. While Roth IRAs and certain life insurance policies play key roles in this strategy, there’s another often-overlooked component that’s […]

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Simplifying Social Security

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Simplifying Social Security and Optimizing Retirement Benefits

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