IRAs

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.

Cases often go unreported because many times seniors are too embarrassed.

Investing in tax-advantaged accounts and automating contributions are a few strategies that could help.

The right toolkit can help clients accomplish their dreams and ease the financial burden on their loved ones.

To build their wealth, retirement savers are advised to take advantage of tax-advantaged plans including 401(k)s and IRAs.

With millennial and Gen Z clients expected to have longer lives than their parents, securing an effective retirement horizon can have its challenges.

Taxpayers face a 5% penalty if they fail to meet the deadline.