Retirement benefits

The sweeping retirement legislation, called the Secure Act, is gaining plenty of headlines. One revision is being overlooked.

OneDigital’s acquisition of Resources Investment Advisors shows a convergence between two major spaces within financial services.

Taking advantage of catch-up contributions is one of several methods that can help them get back on track.

The HSA has become increasingly valuable for future medical expenses, "and the triple tax benefit simply can’t be ignored,” an expert says.

They are advised to consider making amendments if they want to take advantage of temporary tax provisions that Congress extended retroactively in December.

Retirees can reverse their claiming decision, but not without considering one important caveat.

Seniors may consider working longer or relocating somewhere where their benefits are not subject to state taxes.

Pre-retirees are encouraged to save aggressively and create a list of things they plan to spend their money on without remorse, an expert says.

Entrepreneur Abraham Okusanya explains in the latest episode of Financial Planning’s new In|Vest Podcast how he’s trying to help firms and planners tackle retirement distribution.

Advisors can protect clients’ estate planning goals post-Secure Act but the vehicle will have to change.

Clients can void overspending by seeking out sales and discounts to lower their food and entertainment costs.

While it’s recommended they have at least three sources when they retire, just 6.8% of savers have done so, according to a report.

While they don't need a child to claim the earned income tax credit, the benefit's value increases based on the number of kids clients have.

"Since no one has a crystal ball to predict what will happen, I advise saving money on both sides of the tax fence," an expert says.

While retirement readiness among Americans has improved in general, Gen Xers are struggling with housing, college and medical costs, a survey finds.

Relief comes as a result of the short notice firms were originally given to comply with the Secure Act, the agency says.

The move is part of a larger strategy to bring account minimums down for clients who either can't or don't want to buy entire shares of high-priced stocks.

After developing a plan to cover their bills and emergency expenses, clients in a new marriage are advised to start working on their long-term goals.

Steady gains made in equity markets last year were "clearly a tailwind,” an expert says.

Nearly 48% of younger Americans feel they are not saving enough to secure their lifestyles after leaving the workforce, a report finds.