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.

Clients who outlive their retirement savings are among those most at risk.

Seniors are advised to combine multiple tax-deferred accounts, such as traditional IRAs and 401(k)s.

Just 62% of women are protected compared to 76% of their male counterparts, research shows.

Severe declines provide the opportunity to review their portfolios and ensure their current plans support their short- and long-term goals.

The Czech Republic, Portugal, Slovenia, and Canada are among the top 10 most peaceful places for seniors to settle down.

“Do yourself a favor and start saving early,” an expert says.

“We can’t overestimate the influence of having access to employer-sponsored retirement plans," an expert says.

The Labor Department is poised to release a rule that would make it easier for small businesses to establish a multi-employer 401(k) plan for their workers.

After a booking error by an advisor, a client barely avoided being taxed on $500,000 and dodged more than $200,000 in taxes and penalties.

Over the last four decades, the average income of retiree households significantly outpaced those still in the workforce.