Editorial Staff

Many millennials feel their parents can provide them good financial advice, but they are reluctant to seek help from elders, as well as from financial professionals.

Seniors are advised to get health insurance to complement their Medicare coverage and hire a health care advocate and billing specialist.

Retirement investors who need to decide whether to sell depreciated stocks or ride out a declining market should make a decision based on their investing goals, says strategist.

Seniors may delay the benefit for increased payout in the future if they have other income sources, they are healthy, or interest rates are high.

An expert warns that investors will have to contend with lower returns in the future, as stocks are currently high-priced.

Open enrollment offers seniors the opportunity to change their plans and save hundreds of dollars.

Medicare is needlessly complicated so people often become paralyzed, cannot make a decision and end up doing nothing, says an expert.

While clients experience various benefits as they age, they still owe taxes after exiting the workforce.

While the fiduciary rule was cited as a positive, problems mentioned by Bogle included the incentive for companies to be “very stingy” with pension contributions since they come out of earnings.

Their hospital bills will not be covered if they were not formally admitted into the hospital for three consecutive days and were put under observation status.

A line-by-line review of this form can spark a broader financial review that benefits clients. Plus, turn medical expenses into deductions for the elderly.

Retirees may want to roll over a portion of their traditional IRA into a Roth IRA or use their IRA funds to buy a qualified longevity annuity contract.

Unlike pension plans which rely on market returns to fund their payouts, Social Security puts its investments in U.S. Treasury debt, which yields only 1% in annual return.

Major home and car repairs are among the unexpected expenses that catch many retirees financially off-guard.

Women are advised to double check their beneficiary information, update legal documents regularly and create a plan for long-term care.

Most respondents to an informal survey said they view Social Security as an income stream rather than as an asset. At least one expert disagrees.

These strategies show how the IRS may be able to take the bite out of student loans. Plus, Roth IRA losses and the benefits of owning company stock.

More small businesses are motivated to provide 401(k) plans by technological advances as well as an expense war among mutual fund companies.

Buffalo, N.Y., is one of five cities where retirees who rely solely on Social Security for income can live comfortably.

Instead of buying one expensive car after another, clients should invest the money and let it grow. They may even be able to retire early.