Employee benefits

For starters, wage income earned by those working past their full retirement age can boost tax bills and medical insurance costs.

“By and large, many simply have not yet saved enough to retire comfortably.”

Knowledgeably navigating 401(k) and IRA movements can have a massive impact on tax burdens — and the client relationship.

Higher-than-anticipated health-care costs are among the most unexpected expenditures clients face in retirement.

With astute maneuvering, advisors can add money to a clients’ college-fund kitty without jeopardizing financial aid.

Financial planners should at least consider modeling early retirement to prepare clients for the possibility of uncertainty, says Morningstar.

"Keep records and watch the statute of limitations. The usual IRS statute of limitations is three years after you file your tax return," an expert writes.

Contributing to these accounts makes sense for clients who anticipate higher tax rates in the future.

Don't neglect the FAFSA and other ideas to help families with annual incomes of more than $300,000.

Clients should understand Medicare, Social Security and 401(k) changes that will impact on their retirement savings and income.

This recently passed bill is groundbreaking retirement legislation and will substantially alter the landscape for employer-sponsored retirement plans and individual savers.

Workers from both generations share similarities — and financial pressures — when planning for retirement, writes an expert.

To secure retirement for both spouses, married clients need to determine their savings rate in their 401(k)s and take advantage of the employer's match.

The change would affect seniors who converted traditional accounts to Roth and paid taxes for the benefit of their heirs.

They are triple-tax advantaged, but also introduce significant challenges — especially for life partners with multiple accounts.

Female clients should start as early as possible and take advantage of the employer match, contributing at least 15% of their income.

The Secure Act will pave the way for expanded distribution channels, even as J.D. Power finds issuers lagging in measures of client satisfaction.

Setting up a tax-advantaged retirement account, automating contributions and reducing their overall expenses are a few strategies to get back on track.

Adjusting a federal income tax return depends on personal tax circumstances, “such as the materiality of the error,” an expert says.

Seniors hoping to begin retirement next year are advised to review their risk exposure, pay down their debt and save for additional health care costs.