Preparing for Retirement — Do You Have a Plan?

By Jim Hanna | March 12, 2018

For much of the 20th century, many employees who spent decades working for one company typically received a pension plan. According to the Center for Retirement Research at Boston College, 88 percent of all private-sector employees in 1975 had a pension.1 With the confidence of knowing their retirement would be covered by pension and Social…

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Planning for Retirement with Confidence

By Jim Hanna | January 11, 2018

It is very common for people to feel anxious when it comes to planning for retirement. Oftentimes, this anxiety can stem from concern about the complexity of the process, the uncertainty of the outcomes, nervousness about having started to plan to late or trying to piece together the different parts that make a cohesive plan work. Ultimately, retirement worries stem from the understanding that life costs money and when you’re not sure where it’s going to come from, that causes stress.

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The Trump Tax Plan Unveiled – How it may impact you, your investments, and the economy.

By Jim Hanna | November 14, 2017

Early Thursday morning the House GOP released an outline of its much-anticipated tax plan. The highlights provide a good perspective of what the House leadership considers important and also, where they may break from President Trump’s earlier tax reform proposals.

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What is Financial Success?

By Jim Hanna | October 23, 2017

If we look at society and societal norms, a lot of weight is given to success when it comes to defining happiness. If we see a person who is successful, it is often assumed that they are happy. On an existential level, we should consider what it all means. In reality, we actually have no idea whether or not that person is either happy or successful; for a couple of reasons: First of all, we can only measure someone else’s success or happiness by what we know about them. Secondly, and more importantly, we can only measure someone else’s success or happiness by how we define success and happiness. There is really no way of knowing whether their measures are even similar to our own.

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Where will your financial path take you?

By Jim Hanna | October 13, 2017

“Two roads diverged in a wood, and I—

I took the one less traveled by,

And that has made all the difference.”

–Robert Frost, excerpt from the Road Not Taken

In a recent article from Financial Advisor Magazine that identified the regrets, many people have for not taking more risks in life. “Among the top regrets were: not following their dreams, not taking risks with their careers, not taking risks with their lives in general, and not being gutsy enough in the choices they made.

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Maintaining Marital Bliss Through Your Retirement Transition

By Jim Hanna | August 29, 2017

Compromise is a key component in any happy marriage. It gets couples through the many roadblocks that life places in the path of a long-term, committed relationship. And while the ability to negotiate and reevaluate throughout the long haul goes a long way, even the strongest partnership can find itself buckling under the stress of retirement. The hopes and dreams of what a life in retirement will look like can change over the course of a marriage. Couples who had previously expressed shared notions of what they want in their retirement may find themselves going in different directions when a life of work finally ends. Many couples who have had decades of marital bliss with little discord find themselves stressed and unhappy when retirement finally comes.

The level of marital stress during these years depends on which spouse retires first and if expectations of life in retirement have changed (for one or both partners) over time. The ability to “roll with the changes” certainly helps steady marital navigation during this often stormy time of reevaluation, but certain factors appear to have a significant impact on stress levels.

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The Influence of Work

By Jim Hanna | July 18, 2017

Work offers a confluence of possibilities, ranging from satisfaction to frustration to, many days, a little of both. If you work during retirement, here’s an interesting revelation: Social Security taxes are deducted from your work paycheck even if you’re already drawing benefits. For a lot of retirees, wages from some type of job represent a…

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Keeping Connected With the Ever-Changing Internet

By Jim Hanna | July 11, 2017

If you’ve watched national news in the past year or two, you’ve likely heard debates about net neutrality, which is the principle that internet providers should allow access to content regardless of the source and without blocking certain sites. In the waning days of the Obama administration, the Federal Communications Commission passed a rule preventing…

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Savings and Investment Updates

By Jim Hanna | July 4, 2017

The American College of Financial Services recently posted some surprising results from its Retirement Income Literacy Quiz. Nearly three-quarters of respondents ages 60 to 75 failed the test with a score of 60 percent or less.1 The quiz included topics such as which expenses are covered by Medicare and long-term care insurance and what age…

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Taxes and Retirement Planning

By Jim Hanna | June 28, 2017

The White House recently introduced what it billed the “biggest tax cut” in U.S. history. While a presidential tax proposal is not likely to get passed without significant changes, the fact that Republicans dominate both chambers of Congress suggests 2017 may well be a year in which significant tax reform is engineered.1 One thing should…

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