Social Security benefits

Retirees living overseas can still claim Social Security benefits, but they must see if their country of residence requires them to have a local bank account.

Retirees should consider that state laws may differ on who may be legally recognized as a beneficiary's spouse and thus whether their partner would be entitled to spousal benefits.

While the funds are ideal for certain people, they don't address important retirement considerations, such as the cost of funding a comfortable living and a person’s savings rate.

With many private and public pensions in the red, clients are advised to look for options that will improve their prospects, such as Roth IRAs.

IRA investors can draw funds from their accounts tax-free if the money will be used to fund college tuition and other related costs.

Adding five years to their working years will enable clients to replace their pre-retirement income by up to 90% instead of 60% in some cases.

Seniors looking to launch a business should consider collecting their retirement benefits early.

Retirees will have to change the way they file taxes under the new tax law, including making two years' worth of charitable donations every other year to exceed the standard deduction and itemize.

Clients who prefer a simple retirement investing strategy should consider a dividend stock index fund.

Clients may want to opt for a fund that follows small companies as they will benefit from a lower corporate tax rate under the new tax law.