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Although the elderly often lose the most from scams, younger clients are more likely to fall victim, according to a report.October 29
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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
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Without a rollover, they can experience “untold impact to their plan for securing retirement," an expert says.October 25
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“Building and adhering to a budget that accounts for these types of expenses will create long-term security in retirement,” a CFP says.October 21
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Clients are advised to have an emergency fund, create a monthly budget and repay their high interest debt.October 10
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Proactive measures, like rethinking the index used to assess seniors’ cost of living, may be called for.October 10
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The tax basis can change when homeowners compute depreciation, loss or gain for sales purposes.October 8
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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
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Clients should think of the years as empty buckets and keep the amount of income into each bucket level per year.October 3
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Just 27% say they expect to have saved enough by the time they retire.September 27
