Social Security

Women are advised to double check their beneficiary information, update legal documents regularly and create a plan for long-term care.

Most respondents to an informal survey said they view Social Security as an income stream rather than as an asset. At least one expert disagrees.

Instead of buying one expensive car after another, clients should invest the money and let it grow. They may even be able to retire early.

Benefits are not capped at a predetermined level. They are based on two variables: a client’s highest earnings over 35 years and their age when they file for benefits.

Many fear that they will feel alienated and irrelevant after they retire, become a burden to their families, or their surviving spouse will go on retirement alone.

To really come out ahead from delaying Social Security, a client has to live past 80. Otherwise, it's probably better to take a reduced benefit earlier.

The odds that your clients will one day stay in an assisted living home increases 1.4% per year, starting at age 65.

Proceeds from selling their current home can be augmented with a "reverse mortgage for purchase," which doesn't have to be repaid until they sell, move out or pass away.

"The uncertainty is often more stressful than the reality" when it comes to planning for a change in administration.

Preferred stocks are good candidates for retirees' investment portfolio as they can provide more income than corporate bonds.