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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.

Learn about tax-efficient retirement planning and how it can align your financial goals with proactive strategies for managing taxes in retirement.
Brian Hanson

Understanding the Power of Zero Concept for Wealth Management in 2025

As tax laws evolve and retirement planning becomes more complex, adopting tax-efficient strategies can help preserve more of your wealth for the future. One approach that I share with clients frequently is the “Power of Zero” concept. This strategy focuses on reducing taxable income during retirement by utilizing tax-advantaged accounts and strategic income planning. At Hanson Wealth Management, we assist clients in understanding and implementing this framework within their broader financial plans. What Is the Power of Zero Concept? The Power of Zero is a financial planning approach that emphasizes reducing or eliminating taxable income during retirement. This strategy

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Brian Hanson January 21, 2025
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A financial advisor walks a client through the piecemeal internal Roth conversion strategy as a path toward a tax-free retirement income plan.

Aligning Your Tax-Free Stars

The following content is adapted from the book Tax-Free Income for Life by David McKnight. If you’ve been reading the Hanson Wealth Management blog for a while, you know that we have previously discussed the advantages of the fixed indexed annuity (FIA). I have also shared two significant disadvantages: tax rate risk and Social Security taxation. Now, I want to look at a potential option for addressing these two risks, which can help you work toward aligning your tax-free stars.

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A financial advisor reviews retirement risks with a client, focusing on the potential impact of tax rate increases on long-term retirement planning.

Avoiding the Greatest Retirement Risks: Part One

My goal as a financial advisor is to give each of my clients a step-by-step plan for a well-prepared retirement. In order to do that, I have to help them avoid the two greatest retirement risks. The truth is that roadblocks loom large in retirement, and too many people find themselves living in fear of outliving their money. This is the reason I have dedicated my professional life to tax-free retirement planning through the philosophy of my mentor, David McKnight, a widely recognized voice on tax-free retirement and author of the eye-opening book The Power of Zero. Below, I […]

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Don't let faulty assumptions about tax-deferred retirement plans negatively impact your income in your retirement years.

Tax-Deferred Retirement Plans: A Catch-22?

At Hanson Wealth Management, we believe our commitment to educating our clients is a cornerstone of what we do. The following content on tax-deferred retirement plans is partially excerpted from The Power of Zero, by David McKnight, and we believe you’ll find it eye-opening as you plan for a tax-efficient retirement. So many clients come through our doors having followed advice from voices in the financial world who tell them it’s okay to have all their assets in tax-deferred accounts because they’ll be in a lower tax bracket in retirement. Of course, this is a faulty assumption, and below […]

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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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Simplifying Social Security

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