
Lee Conrad
Former senior editorLee Conrad is a former senior editor of Employee Benefit News and Employee Benefit Adviser, and a former editor of Bank Investment Consultant.
Lee Conrad is a former senior editor of Employee Benefit News and Employee Benefit Adviser, and a former editor of Bank Investment Consultant.
Offices remain open and monthly Social Security checks will go out on time despite the partial shutdown.
Clients may want a new plan if there have been unfavorable changes to their old plans, they want more flexibility or because of a new illness.
Federal employees who retire during the partial government shutdown would have to wait a longer time to take retirement distributions from their savings plans.
Seniors are advised to take measures to prepare for a possible shortfall in retirement income, as there is no guarantee for an immediate fix to the problem.
Benefits are meant to replace just 40% of preretirement income, so many retirees should consider creating new income sources, such as running a small business or renting out a property.
Working longer and taking on a part-time job are two of the simple strategies for seniors to curb the impact of a market correction. But there are other tips to consider as well.
The tax increases stem from lawmakers' failure to index the taxation on inflation, according to one expert.
Taking these steps can help clients insulate themselves from some of the market volatility that we've been experiencing recently, says one expert.
If your client's goal is to save more for retirement, there are some simple steps they can take to make that resolution stick.
This strategy enables retirees to restrict their application to spousal benefits and allow their benefit to grow until they reach 70.