IRAs

Ill-prepared investors are advised to vigorously plan their expenses and aggressively save in their 401(k)s and IRAs.

More clients are opting to work after they retire "to stay active and contribute professionally while also supplementing their income.”

While some tax-planning tasks can be time-sensitive, the challenge is to tackle the others that aren’t in a calculated fashion, an expert explains.

The Secure Act was designed to expand retirement savers’ options but it has subsequently all-but-eliminated the stretch IRA for beneficiaries. It's on advisors to make clients aware of the major change.

“By and large, many simply have not yet saved enough to retire comfortably.”

Knowledgeably navigating 401(k) and IRA movements can have a massive impact on tax burdens — and the client relationship.

Higher-than-anticipated health-care costs are among the most unexpected expenditures clients face in retirement.

Contributing to these accounts makes sense for clients who anticipate higher tax rates in the future.

This recently passed bill is groundbreaking retirement legislation and will substantially alter the landscape for employer-sponsored retirement plans and individual savers.

To secure retirement for both spouses, married clients need to determine their savings rate in their 401(k)s and take advantage of the employer's match.