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You know what you’re retiring from.

What will you retire to?

SecondHalf Planning & Investment is a Portland, Oregon area fee-only retirement planning and wealth management firm. We specialize in helping people in their 50s and 60s get retirement-ready and then enjoy the life of financial independence they want. 

Whether you want a traditional retirement, a pivot to an Encore career, or a new pace that blends "retirement" with the work that you love, you need a financial roadmap designed around what's most important to you in life.

Retire on your terms, not some artificial finish line or preconceived lifestyle pushed by society's expectations or the financial industry.

As Featured in:

Why Choose Us?

We Know Retirement and Life's Second Half

Your best life in retirement is not just about the money, there are important non-financial factors as well. Tap our expertise in retirement lifestyle, integrating work with "retirement," Social Security strategies, income and distribution complexities, aging, estate issues, and end-of-life matters.

We Speak Tax


Do you know how to coordinate and distribute your retirement resources in a tax-smart way? Are you tired of always filing last year's return with no plan to minimize future taxes? Tax planning permeates our thinking. And clients can tap McClanahan Tax for tax preparation and related services.

Our Investment Management Plays Defense

Large investment losses can be devastating in retirement. Most advisors use static model portfolios which simply ride the markets wherever they go. Our defensive tactical strategies seek to reduce downside while capturing a reasonable amount of financial upside when market conditions allow.

Services & Fees

Download a Visual of Our Services

Services & Fees Metrix Portland, OR Second Half Planning & Investment

Comprehensive Retirement Planning

Planning for retirement (or financial independence) is not just about the money--it's about making the most of your life's second half. 

We help you create a Retirement Roadmap that harmonizes the life you want with what's possible given your financial resources. This financial plan is living, continuously-updated, and you have 24/7 online access to your status. Our planning also includes Retirement Transition Coaching elements to help you address the non-financial factors that are critical to a fulfilling retirement.

Initial Financial Planning

Retirement Roadmap includes:

  • Extensive retirement review and analysis including: spending plan, Social Security, pension, investments, retirement accounts, tax issues, healthcare/Medicare, and estate matters. See Services Matrix for entire list.
  • Meeting to review findings together and create your Roadmap.
  • Stress test Roadmap for sustainability and the risks of various “bad stuff” scenarios.
  • Recommendations on areas needing attention and a written checklist of action steps.
  • 30 day online access to Roadmap (no limit if you retain our ongoing services).
  • 30 day email access to us for questions (no time limit if you retain us).

Fee:  typically $2,500-$4,500, depending on client needs and complexity

Ongoing Financial Management

Once your Roadmap has been created, you have access to our ongoing Wealth Management services. This includes managing your investment portfolio(s), monitoring your Roadmap progress, alerting you to course corrections if needed, periodic financial planning reviews, and access to us for questions as they arise.

Let's talk about your Retirement

Wealth Management

So you've created a Retirement Roadmap and your plan gives you confidence and peace of mind. You're set for the journey.

But perhaps you don't love researching investments, watching the markets, and making investment decisions. Maybe you'd rather not be bothered with keeping up on the latest tax law changes, estate developments, and financial strategies. You'd rather spend your time with the people you love and the interests you enjoy most.

We completely understand and offer ongoing Wealth Management services to clients who'd like us to handle those matters and manage their assets. 

As a Wealth Management client, we will manage your investments using defensive tactical strategies rather than static portfolio models. We also offer the following at no additional charge:

  • Routine financial planning reviews and updates to your Retirement Roadmap.
  • 24/7 online access for monitoring your Roadmap and/or aggregated household accounts.
  • Convenience of periodic review with us at your home or office for local clients (by phone or online for distant clients).
  • Ongoing access to us for questions (email/phone).

Management Fee

0.25% quarterly
(1.00% annualized)
up to $1,000,000 under management
negotiableon assets over $1,000,000

The fee is a percentage of assets under management and payable at the end of each quarter. Note that we consider cash to be an asset class and include it in our fee calculation (and at times our fee may exceed money market yields). $300,000 minimum asset total for Wealth Management. $3,000 minimum annual fee. Minimums and service format may be negotiable on a case-by-case basis. Third party fees such as fund expenses or transaction charges are separate from the management fee charged by SecondHalf.

Let's talk about your Wealth Management

About Larry McClanahan, CFP®

Larry McClanahan CFP®, ChFC, CLU, CASL, EA Portland, OR Second Half Planning & Investment

Larry McClanahan, CFP®, CASL, EA

Hi, I’m Larry McClanahan.

My specialty is helping people in their 50s and 60s (second-halfers) create a financial roadmap that will serve them well, and then walking the path of life with them as their advisor.

But I haven't always been into financial planning...initially I was headed toward the ministry. After earning my ministry degree I discovered an aptitude for business and management, so more studies and a change in career path.

I’ve been an Accountant, City Manager, VP & CFO of a private college, and CFO of a Canadian startup firm. And while I was good at financial and organizational management, there's just something very satisfying about helping individual folks get clarity on their financial picture.

So in 1999, I shifted into personal financial planning and, as they say, the rest is history. I like how real financial planning melds the qualitative human side (priorities, behavior) with the quantitative financial element (strategies, "the math"). 

Read More

Our clients come to us from a wide variety of backgrounds but they share certain values, lifestage, retirement and investment concerns, and how they prefer to work with their advisor.

We might be a good fit to work together if:

  • You are in the second half of life (age 50+)—within a few years of retirement, already enjoying retirement, or engaged in an Encore career.
  • You understand the importance of a well-planned retirement transition and the value of periodic retirement check-ups to stay on track.
  • You want to delegate portfolio management ($300,000+) to a professional who “plays defense” to help protect against large losses.
  • You prefer to spend time with the people you love and interests you enjoy most, instead of watching markets, making investment decisions, and managing financial details.

I keep hearing the term fiduciary advisor. What does that mean?

A fiduciary advisor is one who puts the interests of the client first at all times. Not all advisors are fiduciaries, some wear the fiduciary hat only at certain times, others are just pretenders. 

Financial Planning and services is an intangible that deals with clients' financial hopes and priorities far into the future. It's not like buying a car or a stove now where you can touch it, size it up, and test drive it. You need a trustworthy, competent professional because "buyer beware" just doesn't fly in financial services in the same way.

Most folks are best served by a professional that's truly interested in them and fully embraces a fiduciary standard. We are an acknowledged fiduciary at all times. 

Tell me about your investment philosophy and approach.
How are my investments protected from theft?
What about your ongoing contact with clients?
Do you work with other professionals?
How can I check your regulatory background?

Larry McClanahan has answered over 1,100 questions on consumer financial sites Investopedia, NerdWallet, WalletHub, and BrightScope. He has also been quoted in national media such as WSJ's MarketWatch, USA Today, Nasdaq, Investment News, and LifeHealth Pro.

5 Ways to Reduce Taxes When You Are In Retirement

Larry McClanahan quoted in Investopedia, article by Donna Fuscaldo, November 19, 2016.

Social Security: Saving vs. Delaying Benefits

Larry McClanahan quoted in Investopedia, article by Natasa Milas, July 29, 2016.

Want a Healthy, Rich Retirement? Keep Working

Larry McClanahan quoted in USA Today, article by NerdWallet's Kelsey Sheehy, June 6, 2015.

Think Twice Before Selling a Settlement

Larry McClanahan quoted on NerdWallet consumer website, article by NerdWallet's Tony Armstrong, May 22, 2015.

How to Pay Yourself in Retirement

Larry McClanahan quoted in Nasdaq, article by NerdWallet's Graham Ober, August 19, 2014

Should Millennials Plan Retirement the Way Boomers Did?

Larry McClanahan quoted in WSJ's MarketWatch, article by NerdWallet's Cliff Goldstein, June 25, 2014.

Financial Advisers Aren't Just For The Rich

Larry McClanahan quoted in WSJ's MarketWatch, article by NerdWallet's Cliff Goldstein, May 5, 2014.

Duration of Marriage and Divorce Affect Social Security Benefits

Larry McClanahan quoted in Investment News, article by Mary Beth Franklin, February 27, 2014.

Where Does Human Capital Fit Into The Income Plan

Larry McClanahan quoted in LifeHealth Pro, article by Warren Hersch, August 26, 2009.

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