Retirement benefits

It's important to categorize necessary and discretionary expenses, but advisors need to know how clients are defining them.

Borrowing against a 401(k) plan or taking an IRA withdrawal can work under the right circumstances.

Prospects are further aggravated by the disappearance of pension plans and the financial woes facing Social Security.

After a booking error by an advisor, a client barely avoided being taxed on $500,000 and dodged more than $200,000 in taxes and penalties.

Over the last four decades, the average income of retiree households significantly outpaced those still in the workforce.

The asset management and software giants plan to start the rollout of their 401(k) tool and app later this year.

Before saving for retirement, young investors are advised to pay down high-interest debts and build an emergency fund, an expert says.

Overall donations to charity organizations fell by 1.7%, while total individual giving decreased by 1.1%, the first drop since 2013.

They may look good on paper, but such investments also come with thorny challenges.

If passed, non-spouse heirs would be required to drain assets within 10 years after the owner’s death.