Employee benefits

Retirees are vulnerable to financial exploitation as the government has no formal systems for complaints and interventions.

The new offerings could boost returns to investors by 50 basis points, according to a Morningstar study.

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

There is no guarantee that TDFs generate the needed returns, and these funds may have hidden multiple fees, an expert explains.

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.

Clients can claim airfare, lodging fees and half the cost of their meals as long as they can prove the trip is for work.

The accounting method can deliver attractive savings, along with protecting nature or farmland.

Among workers age 60 and older, 50% intend to wait to retire, or have no plans to retire at all,

Couples may choose a survivorship option when collecting pension benefits, although this could result in a lower monthly payment.

Workers who withdraw from their 401(k) plan lose about 25% in compounded growth.

401(k) participants can create a pension-like source of retirement income by using a portion of their assets to buy a longevity income annuity.

Increased longevity will challenge the performance and use of products, said Sri Reddy, head of full service investments at Prudential Retirement.

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

S&P 500 company pension plans' funding levels increased a mere 1% despite the $40 billion in contributions that these firms made to their plans.

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.

There are risks to this approach, however.

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

Here’s how to decide whether your client should select the traditional or Roth IRA to put away for retirement and boost their savings.

Some questions were as relatively complex as the time-value of money; others were a simple as life expectancy. Answers were poor on all of them.

Each plan has pros and cons: Clients who own a Roth IRA for at least 5 years are entitled to penalty-free withdrawals for education expenses, but they'll owe income taxes on those earnings.