Baby Boomers

Only about 20% of Americans know the amount of contributions they can make to their 401(k) plan, according to a new study from TD Ameritrade.

If the client makes a mistake, they are advised to take the RMD as soon as they discover it so they can ask the IRS for a waiver of the penalty.

Baby boomers are retiring and spending their savings. Are advisors prepared to onboard the next generation?

Federal employees who retire during the partial government shutdown would have to wait a longer time to take retirement distributions from their savings plans.

In a perfect world, a negotiated peace will make winners of all parties, including clients.

"Some analysts have argued for years that the SSA’s estimates systematically underestimate future benefits for most people," an expert says.

"This multigenerational shift in wealth will reshape the wealth management landscape over the next quarter century," an expert says.

Contract work, consulting or smaller part-time jobs can help clients reduce withdrawals early in their retirement years. But have advisors kept up with the complexities of these strategies?

Nonprofits may experience a decline in revenue as more taxpayers are expected to opt for a standard deduction this year.

Older couples should determine whether they are physically ready for the task, as moving can be stressful for people of advanced age.

They’ve been waiting for things to get better — but they haven't.

While firms cater to millennial clients, or solve retirement issues for baby boomers, a large swath of the population is overlooked.

Reinventing a new life may involve uncovering new interests and a new way to live after you leave your career.

Investable assets isn't the only category in which this demographic outstrips others.

Firms should update their online and mobile applications — bigger font sizes, perhaps — to ensure their offerings are accessible to older customers.

Planners can help empower clients facing a transition that can feel "lonely and daunting."

If your clients are approaching their late 60s and wondering when to file, there is a second option where they stand to forgo the least amount of money.

Sebastian Dovey, Moderator, Conference Chair, Renée D. Brown, CMO, Retail Financial Services, TIAA, Steven Dorval, President, John Hancock Personal Financial Services LLC, Matt Fellowes, CEO, United Income, Roger Lee, CEO and Co-Founder, Human Interest

Experts point out that the two generations have more similarities than some advisors may think — and both present major potential growth opportunities.

Older clients have more assets, but younger investors are leading the digital charge.