Retirement planning

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

Students can always borrow money for school, but there are no "retirement loans" available for clients to use to fund life after work, a CFP writes.

Paying down debt, downsizing and reducing spending are a few ways retirees can grow their finances.

Clients should think of the years as empty buckets and keep the amount of income into each bucket level per year.

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.

A buy-sell agreement should be a priority for almost any practice, no matter the age of the founder or owner.

Just 27% say they expect to have saved enough by the time they retire.

Plans can quickly deteriorate as a result of poor planning and inaccurate assumptions about the future.

Certain locations can help clients maintain their lifestyles — or even improve them.

The potential move would follow Vanguard's pilot run of a new digital-only platform tailored to retail clients.

The $42 billion RIA buys a low-fee 401 (k) provider.

Savings in mutual funds, annuities and other products from banks are not covered by insurance.

“If retention is an important factor for an employer, financial wellness is quite worth the investment,” one benefits consultant says.

To bridge the gap between employer coverage and Medicare eligibility, retirees face a number of daunting choices.

Nearly three in four defer medical treatment, get suboptimal care to avoid deductibles or skip appointments to sidestep a bill.

Health savings accounts offer triple tax benefits, allowing clients wiggle room to save for rising health care costs.

Parents are advised to take advantage of charitable and nonprofit support programs when preparing for the future of a special needs child.

Chances are high that one or both parents who have left the workforce ahead of their full retirement age are still working out of necessity.

Doing the wrong thing can impact discretionary spending and leave little room for tackling unforeseen challenges in retirement.