Brian Hanson joins Mark Gaffney on the Retirement This Week show, to discuss Tax-Free Retirement Strategies and how to mitigate some of the most common and devastating retirement risks.
Brian Hanson joins Mark Gaffney on the Retirement This Week show, to discuss Tax-Free Retirement Strategies and how to mitigate some of the most common and devastating retirement risks.
The following content is adapted from the book Tax-Free Income for Life by David McKnight. In a previous article, I shared how a single premium immediate annuity (SPIA) may be adept at addressing longevity risk in a far less capital-intensive way than the traditional stock market approach. What’s more, it confers a long list of psychological, mathematical, and longevity benefits that can smooth out an otherwise rocky road in retirement. If ever there were a compelling solution to consider for outliving your money, the SPIA makes a strong case. All this, of course, begs the question: If this income […]
The following content is adapted from Tax-Free Income for Life, by David McKnight. There’s a massive X factor when it comes to retirement planning: you simply don’t know how long you’re going to live. You’re trying to solve the most important math equation of your life, and you’re missing the most important variable! That’s why longevity risk, as I’ve mentioned before, is every retiree’s most vexing concern. If you don’t make provisions for how long you’re actually going to live, then you could run out of money before you run out of life.
In a previous article, I discussed the retirement income challenges created by longevity risk. Today, I want to talk about a common strategy for addressing it: the Three Percent Rule. I’ll share what came before it, how it came to be popularized, and where it may fall short — including four significant shortcomings you should understand before relying on it as your primary withdrawal strategy. As I always suggest, I hope you’ll take notes as you read on any questions that come to mind. You can always reach out to me to schedule a discussion if you’d like to […]
We are all living in — and retiring in — a risk-rich environment. Not only do you need to worry about tax rate increases and longevity risk, both of which I’ve written about previously, but there are other very real dangers to your long-term retirement outlook, too. In this article, I’ll review three of them: withdrawal rate risk, long-term care risk, and inflation risk. As you read, take notes on questions you may have, and please feel free to reach out to me to schedule a discussion if you’d like to learn more about how I can help you […]
In my last article — part one of this two-part series — I shared an excerpt from David McKnight’s powerful book, Tax-Free Income for Life. In it, David detailed the first great retirement risk we’re all up against, which is tax rate risk. If you haven’t read that article yet, I encourage you to start there. Today, I’m sharing another excerpt from David as he explains the second great retirement risk — longevity risk. It’s my mission to educate you about this risk, but also to inspire you to take control of your financial future and prepare for the […]
If you’ve read any of my previous articles, you know it’s my mission to educate you about the very real risks threatening to undermine your retirement outlook. Of course, I also want to empower you now, in the present, to take control of your money and prepare for what’s to come. This article is no different, as I’ll be sharing more 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, and please feel free to reach out […]
Get Your Free Guide
Your Guide to Social Security: Discover how to optimize benefits and make smart retirement decisions. Download thoughtful tips now!