Insurance

In some cases, workers who have received severance pay have the option of investing the money for retirement and other long-term goals.

“[By extending the tax deadline], they automatically extended the deadline to make an IRA contribution last year,” an expert says.

Aside from refinancing, retirees are advised to consider downsizing their homes to reduce overall spending.

Many wealth management trends never caught on. This one is no passing fad, however.

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.

“The advice I give is to calculate the financial impact for each option,” an expert says.

Seniors choosing between traditional and Roth IRAs must account for their current and future tax rates.

The HSA has become increasingly valuable for future medical expenses, "and the triple tax benefit simply can’t be ignored,” an expert says.

Seniors may consider working longer or relocating somewhere where their benefits are not subject to state taxes.

Advisors can protect clients’ estate planning goals post-Secure Act but the vehicle will have to change.