Retirement benefits

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

Retirees often only take distributions when they are forced to do so because of the IRS’ RMD rules, an expert says.

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

Keeping their money invested for a longer period enacts the power of compounded interest growth.

Clients are advised to have an emergency fund, create a monthly budget and repay their high interest debt.

Proactive measures, like rethinking the index used to assess seniors’ cost of living, may be called for.

Investing in tax-advantaged accounts and automating contributions are a few strategies that could help.

The right toolkit can help clients accomplish their dreams and ease the financial burden on their loved ones.

To build their wealth, retirement savers are advised to take advantage of tax-advantaged plans including 401(k)s and IRAs.

With millennial and Gen Z clients expected to have longer lives than their parents, securing an effective retirement horizon can have its challenges.

Taxpayers face a 5% penalty if they fail to meet the deadline.

Just 27% say they expect to have saved enough by the time they retire.

Pre-retirees expect their annual health-related expenses to top $7,000 once retired, however the actual cost can be much more.

The potential move would follow Vanguard's pilot run of a new digital-only platform tailored to retail clients.

The $42 billion RIA buys a low-fee 401 (k) provider.

Savings in mutual funds, annuities and other products from banks are not covered by insurance.

Establishing an S corporation would protect their profits from federal income taxes of more than 23.8%, an expert says.

Nearly three in four defer medical treatment, get suboptimal care to avoid deductibles or skip appointments to sidestep a bill.

Parents are advised to take advantage of charitable and nonprofit support programs when preparing for the future of a special needs child.