Medicare

Clients should not assume that Medicare will cover all their medical expenses, or that they'll see a decrease in their expenses after they retire.

Certain laws may require them to maintain the coverage with their former spouse.

Planning may help high-income seniors avoid paying up to four times the going rate for Part B and Part D coverage.

High-earning seniors are advised to carefully plan when they file for Social Security benefits.

Beneficiaries owe no federal tax on collected payouts after the policyholder dies.

Health savings accounts are not only for funding immediate medical needs. They offer three distinct tax benefits that make them a powerful form of retirement savings.

Many people plan to have an active lifestyle in retirement, but are not engaging in activities to stay fit.

Seniors are advised to sign up for Medicare when they are about to reach the age of 65, or they face a hefty penalty for the rest of their golden years.

Here’s one reason why beneficiaries should consider setting up a life estate.

10 planning strategies from analysts and experts.

The partner who first reaches 62 should consider delaying Social Security until the age of 70, and they should continue contributing to the retired spouse’s IRA if possible.

Clients may leave an adviser's office with a terrific filing strategy. But the actual process can prove daunting. Here's how missteps can be avoided.

ESG investing is one way to motivate young clients and boost their contributions.

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.

Medicare costs count as a deductible medical expense, but only if they exceed 7.5% of adjusted gross income.

One important somber step for 40-something clients is to consider what happens to their assets when they die.

Retirees who earned at least 40 work credits are entitled to Medicare Part A and can pay for Part B through their Social Security checks.

The standard deduction is the best tax strategy for many seniors, but if they had significant health care costs last year, itemizing could save them some money.

Gap in coverage concerns older clients; planners are also taking a closer look at HSAs.

The one-size-fits-all approach may not suit everyone as circumstances vary. Investors may consider a managed account, plus a robo, which is an inexpensive alternative.