IRAs

Clients are advised place a deeper focus on their life goals when developing a strategy to retire.

If they fear a sharp downturn, seniors may want to avoid locking up their retirement accounts in long-term bonds.

Seniors who negotiate for such an arrangement should consider their finances, flexibility and mutual benefits.

Underestimating their needs, many make decisions that are suboptimal or worse.

Age discrimination, unpredictable life shocks and involuntary retirement casts serious doubt on the “work longer” thesis.

Advisors may need to alert clients as to when these checks will be taxable.

With the net unrealized appreciation, workers can roll some employer stock into a taxable brokerage plan.

The next generation can assist loved ones with applying for financial assistance, reducing expenses and developing a financial plan.

The more involved in designing a comprehensive plan alongside an advisor, the better prepared couples will be, an expert says.

Aside from cutting spending and contributing to a Roth account, investors are also advised to sock away at least 10% of their annual earnings.