Pennsylvania Retirement Planning
Senate Financial Group
Retirement is personal. You’ve worked hard to save and invest your money and now it’s time to optimize and protect your savings to provide for your retirement and your loved ones thereafter.
Senate Financial Group is an independent financial services firm, specializing in helping individuals and families prepare for, plan, and live in retirement. Our approach focuses on tailored retirement planning strategies and insurance solutions to provide our clients with guaranteed lifetime income, asset protection, and achieve tax efficiencies in support of a holistic approach to their finances.
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Start Smart
Get a Clear Understanding of Your Financial Life
First, we gain a thorough understanding of your current financial situation, goals, objectives, risk tolerance, and the key considerations that should be addressed in your retirement strategy.
Six Fundamental Financial Planning Considerations
Six key financial planning considerations can impact your financial goals now and in the future. The question is not if these will affect your finances, but to what degree. We evaluate your sentiment toward each consideration and quantify the potential effects on your assets over time. This allows us to build customized strategies to help you achieve your financial objectives for retirement.
Longevity
Outliving financial assets as the result of a longer life.
Inflation
Reduction in real purchasing power as the result of increasing cost of living.
Mortality
Loss of financial assets as the result of a partner’s or spouse’s death.
Liquidity
Limited access to assets to meet life’s unexpected financial needs.
Market
Unexpected reduction in the value of financial assets at the time of withdrawal.
Taxes
Decreasing income and assets and/or the impairment of legacy assets from increasing taxes.
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Apply Discipline
A Retirement Strategy Designed for You
Next, we design a retirement strategy that actively works to help optimize your wealth and protect your finances, keeping your goals and objectives at the forefront of our planning process.
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Communicate Progress
Our Commitment to You
Lastly and continually, we work to ensure transparency of your income plan by providing visibility, proactive
outreach, and accessibility to our team throughout our working relationship.
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Meet The Advisor
James Mitchell
Co-Founder
Jim Mitchell, CLU®, ChFC®, is committed to helping individuals and families achieve financial security. His passion for financial planning stems from personal experience—losing his father at age 52 and witnessing the financial struggles that followed. This experience drives his mission to ensure clients have the protection they need so their loved ones never face similar hardships. He asks a simple but crucial question: “If you die tonight, does anyone suffer financially tomorrow?” His goal is to make sure the answer is always no.
Jim earned his undergraduate degree from Penn State University and a Master’s in Education. He later obtained the Chartered Life Underwriter (CLU®) and Chartered Financial Consultant (ChFC®) designations from The American College, which are recognized as the equivalent of a Master’s in Business. His extensive education and experience allow him to guide clients with clarity and confidence.
A U.S. Navy veteran, Jim traveled extensively during his service, including time in the Mediterranean and Cuba. He even had the rare opportunity to visit the top of the Leaning Tower of Pisa before it was closed to the public. As a soldier, he competed in shooting competitions with an M1 rifle at 500 yards using open sights, qualifying for Annapolis and temporary assignments in Cuba.
Jim has been married twice—both times to women named Elaine. In a humorous twist, he once met another woman named Elaine who had also been married twice to men named Jim. He and his wife, Elaine, married on January 20, 1996, after Jim won a surprise all-expense-paid trip to the Super Bowl and suggested they make it their honeymoon. They share a blended family with two stepsons and five step-grandchildren.
Jim also learned valuable life lessons while working with motivational speaker Charlie “Tremendous” Jones, who taught him that challenges are opportunities for growth. With decades of experience in financial services, Jim specializes in wealth management, retirement planning, and life insurance. His focus is simple: ensuring his clients and their families remain financially secure, no matter what life brings.
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Retirement Resources
Complimentary Educational Resources
Lastly and continually, we work to ensure transparency of your income plan by providing visibility, proactive outreach, and accessibility to our team throughout our working relationship.
Our Upcoming Events
Events in September–October 2025
- There are no events scheduled during these dates.
Our Downloads
A Short Introduction to Long-Term Care
If you know someone who takes care of their parents or if you’ve done it yourself, you know how stressful it can be. Now, think about a time when you might need that same care. Get your free download to get introduced to Long-Term Care and the benefits it can provide you and your loved ones.
Our Blog
Financial Calculators
PLEASE NOTE: The information being provided is strictly as a courtesy. We make no representation as to the completeness or accuracy of information provided via these calculators. Nor is the company liable for any direct or indirect technical or system issues or any consequences arising out of your access to or your use of third-party technologies, information and programs made available through the use of these calculators.
