Editorial Staff

The standard deduction is the best tax strategy for many seniors, but if they had significant health care costs last year, itemizing could save them some money.

Everyone knows the mantra buy low, sell high, but they do the exact opposite because they don’t know their own risk tolerance.

Clients who have lost track of old 401(k) accounts may get help from the National Registry of Unclaimed Retirement Benefits, a subsidiary of a firm that processes retirement checks.

From a tax perspective, donating required minimum distributions from a traditional IRA to a qualified charity is a smart move for retirees.

Small businesses would not be allowed to enroll their employees automatically in state-run plans under legislation introduced in Congress.

One way for clients to avoid or minimize their capital gains tax is to hold investments in tax-advantaged retirement accounts, such as IRAs and 401(k) plans.

Investors need to increase their allocation to stocks and other riskier investments to get the portfolio return that they need to secure their retirement.

Clients can fully deduct their IRA contributions if they have no access to a workplace retirement plan.

People are saving more money for retirement and setting up more retirement accounts, with fewer savers borrowing from their funds, according to author Dan Kadlec.

Early withdrawals from retirement investments can trigger a hefty penalty.

Many workers think hey are not allowed to contribute to a 401(k), a traditional IRA and a Roth IRA in the same year, which is untrue.

Retirees on Social Security can expect the government to garnish a portion of their benefits if they fail to make student loan payments.

Clients should consider moving to a state that does not tax ordinary income, Social Security benefits or pension payouts.

First-time home buyers can withdraw as much as $10,000 from a Roth account without paying taxes and penalties if the account is at least five years old.

The move to reintroduce legislation that seeks to adjust the cap on Social Security wages and to raise the payroll tax is a step in the right direction in fixing the program's solvency woes, says expert.

More retirees are expected to join the gig economy and go on trips that offer unique experiences.

Clients can end up with $1 million in retirement by saving $298 every month and maintain an investment portfolio consisting of stocks, corporate bonds and municipal bonds.

A retirement coach can help clients create a plan on how they can spend their free time more meaningfully.

IRA investors who turn 70 before June 30 have a little more than a year to make their first withdrawal.

Your late clients' surviving spouses or children are entitled to a $255 lump-sum death benefit, as long as they meet these requirements.