Medicare

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

Sixty percent of advisors cited estimating health care costs as one of the biggest headaches when helping retirees plan for the future.

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

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

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.

Deferred taxation on these retirement products, in part, depends on how their distributions are made.

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

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.

One tip for younger clients is to create multiple income streams that are subject to varying tax treatments.

Medicare savings programs, discounts on prescription drugs and rental assistance are a few ways retirees can lighten their load.

Helping clients develop a solid investment strategy is an important step to help them survive market volatility.

With pensions gradually disappearing, more retirees will have to rely on 401(k)s.

Medical expenses for retired clients may be more predictable than expected, experts say.

The triple-tax savings and investment vehicle is underutilized, but can help clients save for upcoming healthcare expenses.

Certain financial moves could push their income above a certain threshold, potentially triggering an income-related monthly adjustment.

Without a rollover, they can experience “untold impact to their plan for securing retirement," an expert says.

When searching for the right plan, it is important that retirees assume their health will one day change.

Cases often go unreported because many times seniors are too embarrassed.