Retirement benefits

There are dangerous misconceptions that can lead to financial hardships in retirement.

Early planning for potential tax hikes is key.

Traditional lenders usually refused cash-strapped minority seniors, which explains why they became such easy prey, an expert says.

Tariffs associated with the U.S.-China trade war could cause a bigger than expected adjustment.

The legislation nullifies a strategy that previously allowed heirs to stretch an inherited account's tax-deferred growth based on their life expectancy.

The legislation includes a provision that would raise the age limit for making contributions and taking required minimum distributions.

Retirees should live a frugal, flexible lifestyle and consider buying insurance to cover big ticket items.

Living a luxurious lifestyle for less is a possibility — provided retirees are willing to move overseas.

They can do research by visiting funeral homes to get a better understanding of cost and burial details.

Be sure to check if the original owner has started taking minimum distributions to ensure clients make the right decisions.