Richard Hanson discusses living retirement to the fullest
Listen to the interview on the Business Innovators Radio Network: Interview with Richard Hanson President of Generations Wealth Management Discussing Living Retirement to the Fullest – Business Innovators Radio Network
Richard Hanson, president of Generations Wealth Management. Richard delves into the concept of truly living retirement to the fullest, emphasizing that reaching retirement is just the beginning. Richard shares insights on how to prepare for a fulfilling retirement, drawing from his experience with clients. He recounts a story from 2008-2009 about a new client who, despite his expertise, chose to manage his own 401k conservatively, ultimately leading to significant challenges.
Richard said: “As a trusted family-owned firm, we blend our deep-rooted values of integrity, trust, and reliability with innovative financial expertise. With a commitment to excellence, we strive to be the beacon of financial stability for generations to come, fostering prosperity and peace of mind within the families we serve”
Living retirement to the fullest is not merely about reaching retirement age; it requires a comprehensive approach that begins long before the actual retirement date. Proactive planning is essential, focusing on key areas such as income, expenses, and preparing for potential market volatility. Here’s how these elements come together to create a fulfilling retirement experience.
Richard Hanson emphasizes that the journey to a fulfilling retirement starts well before the retirement date. Engaging in planning and discussions about what retirement will look like is crucial. This includes understanding personal goals, aspirations, and the lifestyle one wishes to maintain. By starting early, individuals can establish a solid foundation for their retirement years.
A significant aspect of proactive planning is managing income and expenses. Hanson points out that having control over these financial elements is vital for a healthy retirement. This means ensuring there is enough income to cover living expenses while also planning for sustainable withdrawals from investment accounts. By keeping withdrawals at a manageable level, retirees can mitigate the impact of market fluctuations on their financial health.
Market volatility is an inevitable part of investing, and retirees must be prepared for it. Hanson suggests that if individuals have done their planning correctly, they should be able to weather market ups and downs without panic. This involves creating a diversified investment strategy that includes safe harbor options, such as fixed indexed annuities, which can provide protection during downturns while still allowing for growth during upswings.
Flexibility is another critical component of living retirement to the fullest. Hanson discusses the need for retirees to adapt their financial strategies in response to market changes. This might involve shifting from equity positions to more stable investments during uncertain times. By having a plan in place, retirees can make informed decisions without feeling rushed or pressured.
Ultimately, proactive planning leads to peace of mind. When retirees know they have prepared for various scenarios—such as unexpected expenses, health issues, or market downturns—they can focus on enjoying their retirement. Hanson highlights that doing the “dirty work” ahead of time allows individuals to live confidently, knowing they have a solid plan in place.
About Richard Hanson
Two generations of trusted Hanson financial professionals serve multiple generations of clients concerned with financial goals, wealth management, safety, security, and estate planning. Richard Hanson, President of Generations Financial & Insurance Services, began his career in 1983. He is currently an educational speaker on retirement and money management. Mr. Hanson is Designated as a Certified Senior Advisor (CSA). He Currently Holds a membership with the National Association of Life Underwriters. 2011 Insurmark Hall of Fame Inductee. Andrew Hanson, Vice President of Generations Financial began his career in January 2016. He is the Head of Case Design Team & Digital Outreach. He hosts numerous Seminars educating our community on such subjects as; Social Security, RMD’s, Asset Protection, Legacy Protection, College Funding and IRA / 401(k) Analysis.
Learn more: https://www.generationswealthmgt.com/
Recent Interviews and News
Richard Hanson discusses financial confidence in retirement: Richard Hanson President of Generations Wealth Management Interviewed on the Influential Entrepreneur Podcast Discussing Financial Confidence in Retirement – Authority Press Wire
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