Retirement income

Ill-prepared investors are advised to vigorously plan their expenses and aggressively save in their 401(k)s and IRAs.

Developing a comprehensive plan can help "avoid the negative compound interest effect in a declining market."

More clients are opting to work after they retire "to stay active and contribute professionally while also supplementing their income.”

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

“By and large, many simply have not yet saved enough to retire comfortably.”

Knowledgeably navigating 401(k) and IRA movements can have a massive impact on tax burdens — and the client relationship.

This recently passed bill is groundbreaking retirement legislation and will substantially alter the landscape for employer-sponsored retirement plans and individual savers.

Workers from both generations share similarities — and financial pressures — when planning for retirement, writes an expert.

The change would affect seniors who converted traditional accounts to Roth and paid taxes for the benefit of their heirs.

Female clients should start as early as possible and take advantage of the employer match, contributing at least 15% of their income.

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

If not addressed, the client may see a higher tax bill than was planned. That won't go over well at tax time next year.

Failing to enroll in a health care plan and taking on a hefty student loan debt are just two of the most common blunders younger clients should avoid.

The gender gap is alive and well when it comes to career timeouts and savings often take the hit.

Of all the end-of-year financial faults affecting workers, this one could cause them to end up working longer than they had intended.

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

Vesting schedules applies to the type of money, not on the exact amount that was deposited, according to an expert.

Younger clients who adopt an overly conservative investment approach are advised to consider diversified, low-cost equity products to boost returns.

The funds may be gaining traction among older investors with significant assets, but rarely live up to their billing.

Early and consistent saving may not be enough to safely leave the labor force for good.