Retirement readiness

Under the rules, seniors face a tax liability for HSA contributions if they carry health coverage other than the high-deductible policy.

Clients should learn to reduce their housing, transportation and food costs, cut unnecessary expenses, and develop the habit of packing their lunch to work.

A quick look inside the proposed Tax Cuts and Jobs Act.

Clients can enjoy their later years without the worries of work, but will also lose the additional earnings.

Clients should search the Department of Labor's Form 5500 filings to get their former employer's contact information.

Retirees are often pushed into a different tax bracket with many paying more in retirement than they were while working.

The cost of home care is up over 6% this year nationwide. Are your clients living in an even more expensive state?

While the average savings in retirement accounts increased markedly in recent years, the amounts varied significantly by income levels, says an expert.

Clients should consider the next market downturn as an opportunity to invest in stocks that are "on sale."

Despite impressive aggregate numbers, the median value of a 401(k) account for someone 65 and over is about $60,000.

Seniors might get the policy again if they decided to drop it, but the rules "aren’t really super specific about what should happen in this situation,” one expert says.

The government should promote universal access to retirement savings and give Americans more options for the spend-down phase of retirement, according to the study.

Contributing to a retirement account while paying off student debt is a way for clients to see that compound interest can work for them.

Advisors with clients opting to stay in more expensive states need to be prepared to help them with those costs.

An average 50-year-old woman in New York should begin socking away 49% of her income to her retirement account to live comfortably in her golden years, according to UBS study.

If a family contributes approximately $6,000 per year to an HSA, compounded at 6% growth for 20 years, that's $234,000 at retirement, says expert.

The average recipient will receive $25 more a month in 2018.

Social Security, pension type, and education are factors that have contributed to the rise in the retirement age since the mid-1980s.

Clients should not assume that Medicare will cover all their medical expenses, or that they'll see a decrease in their expenses after they retire.