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Developing a comprehensive plan can help "avoid the negative compound interest effect in a declining market."
January 8 -
For starters, wage income earned by those working past their full retirement age can boost tax bills and medical insurance costs.
January 6 -
“By and large, many simply have not yet saved enough to retire comfortably.”
January 3 -
Higher-than-anticipated health-care costs are among the most unexpected expenditures clients face in retirement.
January 2 -
Financial planners should at least consider modeling early retirement to prepare clients for the possibility of uncertainty, says Morningstar.
December 31 -
Clients should understand Medicare, Social Security and 401(k) changes that will impact on their retirement savings and income.
December 27 -
Payouts from pensions and tax-deferred accounts are usually not taxed in states without a state income tax or with levies only on interest and dividends.
October 29 -
Clients are advised to have an emergency fund, create a monthly budget and repay their high interest debt.
October 10 -
Proactive measures, like rethinking the index used to assess seniors’ cost of living, may be called for.
October 10 -
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.
October 7