Paola Peralta is an associate editor at Employee Benefit News. Her work covers DEI, workplace technology trends, Gen Z and workplace culture. She was previously a freelance reporter with Financial Planning, where she focused on workplace culture and diversity. Paola graduated with a bachelor's degree in journalism and political science from the University of Central Florida in Orlando.
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Filing at the wrong age and failing to take advantage of programs like spousal and survivor benefits are just a few common mistakes seniors make.
February 26 -
Older clients who have lost a job prior to retirement are advised to first consider filing for unemployment insurance and begin making revisions to their budget.
February 25 -
Aside from income taxes, retirees will also pay consumer taxes and may face a 3.8% Medicare surtax.
February 24 -
“The advice I give is to calculate the financial impact for each option,” an expert says.
February 21 -
Seniors choosing between traditional and Roth IRAs must account for their current and future tax rates.
February 20 -
The Social Security retirement rate is based on their highest 35 years of wage-indexed earnings.
February 19 -
The spike in the number of older employees in the workplace reflects a trend over the past decade.
February 18 -
Pre-retirees may consider funding a Roth account to take advantage of tax-free compounding and tax-exempt withdrawals in retirement, an expert writes.
February 14 -
The former Cetera advisors joined the firm’s employee channel.
February 14 -
A Roth conversion “not only to minimize heirs’ tax burden but also to sustain the growth of [their] retirement savings."
February 13 -
Taking advantage of catch-up contributions is one of several methods that can help them get back on track.
February 12 -
The HSA has become increasingly valuable for future medical expenses, "and the triple tax benefit simply can’t be ignored,” an expert says.
February 11 -
The regional broker-dealer is coming off a big recruiting year.
February 10 -
Retirees can reverse their claiming decision, but not without considering one important caveat.
February 10 -
Seniors may consider working longer or relocating somewhere where their benefits are not subject to state taxes.
February 7 -
Pre-retirees are encouraged to save aggressively and create a list of things they plan to spend their money on without remorse, an expert says.
February 6 -
Clients can void overspending by seeking out sales and discounts to lower their food and entertainment costs.
February 5 -
Advisors can use the information to build custom, values-based portfolios for their clients.
February 5 -
While it’s recommended they have at least three sources when they retire, just 6.8% of savers have done so, according to a report.
February 4 -
"Since no one has a crystal ball to predict what will happen, I advise saving money on both sides of the tax fence," an expert says.
February 3
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