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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While some retirees have seen a substantial increase in spending, many others are enjoying financial freedom.
March 10 -
To ensure their investments stretch as long as they live, clients are advised to develop a sustainable withdrawal plan and consider annuities.
March 6 -
Roughly two-thirds of the $1.2 billion contributions to the firm in 2019 came from appreciated assets.
March 6 -
Mutual funds and ETFs are often created with lopsided or unequal allocations toward certain sectors of the economy, experts warn.
March 5 -
Both recruits had a long history with wirehouses before trading them in for the regional broker-dealer.
March 5 -
Aside from refinancing, retirees are advised to consider downsizing their homes to reduce overall spending.
March 4 -
To start, these clients are advised to start saving as early and contribute enough to their 401(k)s to qualify for their employer's matching contribution.
March 3 -
“It is really as important for plans to get people thinking about income rather than just accumulation,” an expert says.
March 2 -
The new recruits are not the first to trade in the wirehouse for the regional broker-dealer.
March 2 -
More than a quarter of women in a recent survey say they are confident they will comfortably retire, while almost a third of men voiced the same confidence.
February 27 -
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
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