Employee benefits

Clients can beat a costly pitfall that comes after missing a 60-day window on IRA rollovers by giving the agency their side of the story under a newly relaxed rule. Plus, ways to save when clients are too old for traditional IRAs.

Eligible taxpayers can now qualify for a waiver of the 60-day time limit and avoid possible taxes and penalties on early distributions, if they meet certain requirements.

For one strategy, clients should create income streams that have built-in protection, such as Social Security and long-term insurance.

Drivers in Seattle, Boston, Chicago, and New Jersey will be offered IRAs first, with plans to expand to other cities later this year.

Advisers should be prepared to discuss both the benefits and drawbacks with clients.

Advisers should be prepared to discuss both the benefits and drawbacks with clients.

The case, filed on behalf of an on-call branch office manager who works with advisers, follows similar retirement plan-related litigation recently filed against other firms, including Morgan Stanley.

The lawsuit highlights a friction that exists at financial-services firms that put employees into their own product.

In about 30% of large companies, seniors can opt to work part-time or engage in job sharing with co-workers.

Investors can expect limited options or higher fees in their retirement plans as brokerage firms are evaluating their pricing structures to comply with the fiduciary rule.

The lawsuit highlights a friction that exists at financial-services firms that put employees into their own product.

These planning strategies can prevent beneficiaries from biting off too much — or too little.

Plan sponsors are open to the addition, but most participants aren’t taking advantage of it.

Plan sponsors are open to the addition, but most participants aren’t taking advantage of it.

One approach shows how clients can use their health savings account to cover premium payments.

Clients can avoid paying taxes as long as they keep working past the age of 70 1/2.

Clients can avoid paying taxes as long as they keep working past the age of 70 1/2.

Clients can avoid paying taxes as long as they keep working past the age of 70 1/2.

Many advisers have been suggesting saving too much, resulting in clients living frugally before retiring.

Some seniors shop around for the most affordable health insurance and less expensive drugs every year.