LIRP: The Retirement Planning Tool You Haven’t Heard Of
Life Insurance Retirement Plans (LIRPs) are emerging as a valuable yet lesser-known tool in the retirement planning landscape. LIRPs, which combine life insurance coverage with
The Ultimate Guide to a Zero-Tax Retirement Lifestyle
If you read my blog often, you know that I believe retirement should be a time of relaxation and enjoyment, free from financial stress. However,
Crafting a Tax-Free Retirement: More Than Just a Dream
The following content is partially adapted from the book Tax-Free Income for Life by David McKnight. Crafting a tax-free retirement can be more than just
Creating a Volatility-Proof Retirement Plan
Retirement planning is an essential part of preparing for a stable and comfortable future, but it comes with its fair share of challenges. One of the most significant challenges retirees face is market volatility. The ups and downs of the stock market can have a profound impact on retirement savings and income, potentially jeopardizing the […]
Why a LIRP Might Be Your Retirement Game Changer
Planning for retirement involves exploring various financial products and strategies to build a sustainable income stream you can rely on. One such option gaining popularity is the Life Insurance Retirement Plan (LIRP), which I have mentioned in previous articles. While it might sound unconventional to some, a LIRP can offer unique benefits that could make […]
The Hidden Benefits of Zero Tax Retirement
At Hanson Wealth Management, we strive to empower our clients to enjoy their life with significance and purpose through a comprehensive strategic planning process centered on their unique goals and the roadmap needed to achieve them. Our approach includes lowering your tax burden and optimizing your income streams with the objective of achieving tax-free retirement […]
Lifetime Income Strategies: Achieving Tax-Free Income Post-Retirement
As retirement approaches, creating financial stability becomes a top priority for many. Among various strategies, achieving tax-free income in retirement stands out, notably championed by David McKnight through his “Power of Zero” philosophy. This approach may not only safeguard your savings from potential tax hikes, but it may also enhance your retirement readiness. I this […]
Navigating Market Volatility: Shielding Your Retirement Funds
In an ever-changing economic landscape, navigating market volatility remains a constant concern, especially for those nearing or already enjoying retirement. Fluctuations in the market can have a significant impact on retirement funds, raising the question of how to best protect your financial future against unpredictable shifts. Hanson Wealth Management, as a Power of Zero financial […]
LIRP Explained: A Comprehensive Guide to Life Insurance Retirement Plans
Life Insurance Retirement Plans (LIRPs) are becoming an increasingly popular tool for retirement planning, offering a blend of life insurance coverage and potential tax-advantaged growth. This guide explores what LIRPs are, how they work, and the key considerations for individuals thinking about incorporating them into their retirement strategy. Understanding Life Insurance Retirement Plans: What is […]
Mastering the Zero Tax Bracket: Path to a Tax-Free Retirement
To help you on your journey toward mastering the zero tax bracket, the following content shares the best uses of your taxable bucket of investments. It is excerpted in part from The Power of Zero, by David McKnight. Attaining the coveted 0% tax bracket isn’t merely wishful thinking—it’s a tangible goal that I guide numerous […]
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