Amanda Schiavo

“The mindset has shifted in terms of how we need to be able to lead and support a virtual workforce,” says Edward Jones CHRO Kristin Johnson.

The majority of U.S. workers do not have enough savings to help them in the event of a medical emergency and often turn to their retirement funds for help.

One of these snags is taxation on clients’ retirement income, which can hurt their cash flow.

“We believe every single employee of a company should have access to advice,” says Stephen Ulian, head of institutional distribution at Bank of America.

“Tackling student debt is vital today if we hope to set employees up for long-term financial success,” says Scott Whatley, president of E-Trade.

“If retention is an important factor for an employer, financial wellness is quite worth the investment,” one benefits consultant says.

Underestimating their needs, many make decisions that are suboptimal or worse.

Under the Labor Department’s final regulation, firms in different industries will be allowed to establish a joint retirement plan provided they operate in the same state or metropolitan area.

Prospects are further aggravated by the disappearance of pension plans and the financial woes facing Social Security.

Clients have to increase their risk exposure to ensure they don’t outlive their savings.

These super savers have a few tricks up their sleeves to reach their goals.

Dual-income couples benefit less from Social Security.

Clients can expect investment returns through compounded growth as long as they don’t lose from a market downturn.

There are dangerous misconceptions that can lead to financial hardships in retirement.

Review the tax treaty between the U.S. and their new country to determine where they should pay the tax bill on their retirement income.

Clients may be better off boosting their equity allocation if they have a safety net in the form of assets that provide guaranteed income.

Traditional lenders usually refused cash-strapped minority seniors, which explains why they became such easy prey, an expert says.

Tariffs associated with the U.S.-China trade war could cause a bigger than expected adjustment.

Funding a 401(k), 403(b) or company-sponsored retirement savings vehicle should come first, an expert says.

Depression can be a big risk for seniors as they transition to retirement.