Social Security

The new retirement system will allow for 401(k)-type savings and provide financial education services to help military personnel make better investing decisions.

A bipartisan bill calls for an increase in full retirement age two months every year between 2022 and 2034 and indexing normal retirement age to life expectancy.

They can direct the payments to fund life insurance that they can use for estate taxes, charitable gifts and leave as a legacy for their loved ones.

Retirement looks bleak for many Americans and the Trump administration does not seem to be part of the solution, according to this opinion article.

Dependent care flex spending accounts can help clients mitigate child care costs, but also reduce tax credits otherwise available.

With more Americans living past the age of 70, experts say they should not be forced to make unnecessary taxable withdrawals.

Retirees can suspend and resume their Social Security retirement benefits any time after their full retirement age even if they started collecting the benefit before reaching their FRA.

A Roth IRA would come ahead of a traditional IRA if clients move to a higher tax bracket in retirement.

Until the early 1980s, Social Security wasn't taxed. But in some situations today, clients may be in for a surprise.

Clients should ask themselves if a remote, self-contained community fits their personality and if they want to live with other seniors.