Retirement readiness

Most retirees said they adapted to their situation of having limited retirement income and they have had few regrets, according to a survey.

Nearly two-thirds of future and recent retirees are worried there will be cuts to the program under the Trump administration. And an even greater percentage think that it needs to change.

Owning a home can bring tax benefits, as well as equity that can be used to create an income stream, but in some cases a rental can be a better deal for retirees.

Roughly 15% of government workers are eligible to retire, but for most government jobs there is no mandatory retirement age.

Saving too much for retirement could force clients to take loans or make withdrawals that would carry taxes and penalties.

One guideline to remember is that retirees should continue being invested in stocks, which produce high returns and pay dividends.

The answer is in the investment details. If your employer offers a match, contribute at least enough money to get it since matches amount to "free money."

The firm joined a handful looking to researchers on aging to help bolster their offerings.

The average retirement age is 61, with only 4% of seniors working until the age of 70 or older, according to a Gallup survey.

Early withdrawals from employer-sponsored plans can derail retirement, but may be necessary.