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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.

The 3 Questions You MUST Answer BEFORE Doing a Roth Conversion

David McKnight addresses three key questions you must be able to answer before executing a single Roth conversion. Too many people go for Roth conversions without a game plan – this is something that can lead to overpaying taxes and running out of money sooner than anticipated. David points out that if you can’t answer the three key questions, you should stop and reevaluate because guessing here can cost you big. “What’s the total amount I should convert from my IRA or 401(k) to tax-free?” is the first and most critical of the three questions. Remember, the goal of

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David McKnight December 3, 2025
Discover key strategies for making better long-term financial decisions and avoiding mistakes that can derail your financial security in retirement.
Hanson Wealth Management

How to Make Better Long-Term Financial Decisions

Financial decisions shape your future, but many people focus on short-term outcomes rather than building a sustainable long-term strategy. Whether you are planning for retirement, managing investments, or structuring your tax strategy, making better long-term financial decisions requires a mix of discipline, knowledge, and strategic planning.  By avoiding common mistakes and following a structured approach, you can create a financial plan that supports your goals and helps mitigate risks along the way. 

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Hanson Wealth Management December 1, 2025
Discover why scheduling a regular financial check-up in retirement is essential to managing risk, income, and evolving priorities.
Hanson Wealth Management

Why a Financial Check-Up Matters—Even in Retirement

Just because you’ve retired doesn’t mean your financial planning is complete. In fact, retirement often brings about new variables that require ongoing attention. A regular financial check-up in retirement can help you stay aligned with your goals, adjust to changing market conditions, and evaluate your current income, spending, and tax strategies.  Unlike the accumulation phase, retirement is a time of distribution and preservation. That shift demands thoughtful monitoring—not just to track investment performance, but also to help ensure that income sources remain sustainable and tax-efficient.

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Hanson Wealth Management December 1, 2025
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Decoding IRA and 401(k) Rollovers: A Potential Approach to Retirement Planning

Decoding IRA and 401(k) Rollovers: A Potential Approach to Retirement Planning

How to Maximize Retirement Accounts from Former Employers The journey to retirement spans a lifetime, marked by the pursuit of a fulfilling post-work life. Many Americans switch employers during their careers, resulting in the retention of 401(k) accounts from previous jobs. However, these dormant accounts – sometimes referred to as “orphan 401ks” remain stagnant, unable to receive contributions or management from former employers. One solution is to explore 401(k) and IRA rollovers. In essence, these maneuvers allow you to transfer the balance from inactive retirement accounts to active ones, providing control and the ability to continue contributions. This article

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The Three Percent Rule is a common retirement withdrawal strategy, but that doesn’t mean it’s the best one.

What You Should Know About the Three Percent Rule: Part One

In a previous article, I discussed the retirement income challenges created by longevity risk. Today, I want to talk about a common strategy for overcoming it: the Three Percent Rule. I’ll share what came before it, how it came to be popularized, and whether it’s truly the best strategy to utilize so that you can devise a retirement income withdrawal strategy that will help you enjoy a more financially secure retirement. The Historical Approach to Retirement Withdrawals For many decades, Americans managed longevity risk with a loosey-goosey approach to retirement income planning that threw caution to the wind. In

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Why Diversifying Your Retirement Income Streams Matters

Why Diversifying Your Retirement Income Streams Matters

The Power of Diversification in Managing Your Retirement Retirement is one of the most significant milestones in life. It represents the culmination of years of hard work and savings, but it also marks the beginning of a new financial chapter. Fostering a comfortable and stable retirement requires careful planning, and a key component of that planning is creating diversified retirement income streams. Diversification can help to mitigate risks and potentially enhance financial stability during your golden years. Read on for more about why you need to develop a diversification strategy today.

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Small Business Success: Financial Planning for Entrepreneurs

Small Business Success: Financial Planning for Entrepreneurs

Managing your business finances strategically can support efforts toward achieving financial stability. Small businesses represent a crucial pillar of the U.S. economy, as they employ half of the nation’s private-sector workforce and are credited with roughly 63% of the new jobs that have been created from 1995 to 2021, as per federal statistics. Despite their pivotal role in the economy, small businesses often grapple with challenges on their path to success. To illustrate, the U.S. Bureau of Labor Statistics has documented that 20% of small businesses fail during their inaugural year, with merely one-third managing to endure the ten-year […]

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It can be a serious financial disadvantage to assume you’ll be in a lower tax bracket in retirement.

Why You Can’t Count on a Lower Tax Bracket in Retirement

The following content is excerpted in part from The Power of Zero, by David McKnight. A great many of my clients come to me with all their retirement savings in tax-deferred accounts. They have spent years following the advice of so-called “gurus” who say things like, “It’s ok to have all your retirement savings in the tax-deferred bucket because, when you retire, you’ll be in a much lower income tax bracket than you were during your working years.” Today, I’d like to put this claim under the microscope – and explain why this is a faulty assumption for several […]

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Estate Planning Essentials: Our Approach to Asset Management

Developing a Comprehensive Plan to Manage Your Family’s Financial Future Estate planning is not just about managing your assets or distributing wealth; it’s about leaving a legacy that lasts for generations. Investing can be a strategy to potentially manage and grow your hard-earned assets and values for your loved ones. This article aims to provide an overview of estate planning and its potential benefits for our approach to asset management

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Simplifying Social Security

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Simplifying Social Security and Optimizing Retirement Benefits

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