IRAs

Younger clients are more savvy consumers who know how to minimize their expenses and are less inclined to spend on material goods, an expert says.

Major repairs are needed to ensure Social Security’s long-term stability, according to an expert.

The products provide advantages that “help women build savings faster: tax deferral and generally higher rates than CDs or Treasurys,” an expert says.

The plans cannot be maximized if clients fail to find ways to minimize costs in retirement.

Funding a Roth account, for example, may not offer upfront tax deductions, but withdrawals are tax-free.

Retirees who have no need for the RMD can fund their grandchildren's college costs, a CFP writes.

Although the elderly often lose the most from scams, younger clients are more likely to fall victim, according to a report.

Around 40% blame their lack of preparation on housing costs, according to a report from TD Ameritrade.

“Building and adhering to a budget that accounts for these types of expenses will create long-term security in retirement,” a CFP says.