401(k)

With millennial and Gen Z clients expected to have longer lives than their parents, securing an effective retirement horizon can have its challenges.

Taxpayers face a 5% penalty if they fail to meet the deadline.

Pre-retirees expect their annual health-related expenses to top $7,000 once retired, however the actual cost can be much more.

The potential move would follow Vanguard's pilot run of a new digital-only platform tailored to retail clients.

The $42 billion RIA buys a low-fee 401 (k) provider.

Nearly three in four defer medical treatment, get suboptimal care to avoid deductibles or skip appointments to sidestep a bill.

Chances are high that one or both parents who have left the workforce ahead of their full retirement age are still working out of necessity.

Clients are advised place a deeper focus on their life goals when developing a strategy to retire.

If they fear a sharp downturn, seniors may want to avoid locking up their retirement accounts in long-term bonds.

Seniors who negotiate for such an arrangement should consider their finances, flexibility and mutual benefits.