That's just one solution among several that will help prepare your firm for success now and in the future, columnist Bob Veres says.

With the full retirement age increased, the advantages of waiting until age 70 have been somewhat diminished.

The planner, joining from Robertson Stephens, also has worked for UBS and Merrill Lynch.

Proponents of defined-contribution plans envisioned them as supplements to defined benefit plans; they didn't anticipate that 401(k)s would largely replace pensions.

The new recruit, who started with the wirehouse's predecessor firm Smith Barney, has been in the industry since the late 1990s.

Succession planning is thwarted by most bankers' high-handed attitude that they own the client relationship. Realities on the ground are more nuanced.

The bank implemented the program to compensate advisers as they transition their books to other advisers, while ensuring that their clients are left in good hands.

Advisers at a bank may have to shift to another channel for a few years before retirement, says contributor Rick Rummage.

When advisers quit, banks lose revenue even when they hire replacements. The present value of that lost revenue averaged $2 million, according to a study by Kehrer Bielan.

Here's how clients can get around income limits and continue making contributions. Plus, tips for updating a client's financial plan now and dramatically increasing wealth after the IRS gets paid.

On average, workers in 2015 put 6.8% of their salaries into 401(k) and profit-sharing plans, according to a recent survey.

There are limits to how much clients can contribute — exceeding these thresholds can result in costly penalties.

Black employees at the firm say lucrative client accounts were often steered toward financial advisers who weren’t black.

Why advisers should use age-banding to plan for retirees’ spending levels to flex and adjust.

The differences between Trump and Obama are numerous, but both share disgust with the irresponsible behavior that led to the 2008 financial crisis.

92% of 401(k) participants are unaware of the fees they pay in their plans, creating the potential to lose a substantial amount of retirement savings

Retirees can hear different perspectives from other patients and learn more about their medical conditions.

How the new regulation will affect a planner’s advice.

Many Americans are facing bleak retirement prospects as a result of the current do-it-yourself retirement system.