Retirement planning

Some bright spots for advisers: A surprising number of boomers have not begun saving yet for retirement; and millennials will need decades of advice.

The agency also proposed a rule to permit cities to create their own savings plans.

Investors who reach the age of 45 are advised to multiply their salary by 3.7 to get a good estimate of retirement savings they should have at this age.

Preferred stocks are good candidates for retirees' investment portfolio as they can provide more income than corporate bonds.

The number of Americans 65 and older is expected to nearly double over the next decades, which may be a boon for retirement planning.

Investors are better off having target-date funds than balanced funds as TDFs provide broader diversification and focus on minimizing risk.

The Last Advisor platform is a cloud-based retirement solution that relies upon a bucket strategy.

The Last Advisor platform is a cloud-based retirement solution that relies upon a bucket strategy.