Retirement scan

In some cases, clients are advised to pay off their debt instead of putting money aside to retire.

Younger clients are more savvy consumers who know how to minimize their expenses and are less inclined to spend on material goods, an expert says.

Major repairs are needed to ensure Social Security’s long-term stability, according to an expert.

The triple-tax savings and investment vehicle is underutilized, but can help clients save for upcoming healthcare expenses.

The full balance won't belong to them until they are fully vested in their plans — especially if they're receiving an employer match.

The products provide advantages that “help women build savings faster: tax deferral and generally higher rates than CDs or Treasurys,” an expert says.

Researchers blame the immaturity of the system and poor choices made by those planning to retire.

The plans cannot be maximized if clients fail to find ways to minimize costs in retirement.

Certain financial moves could push their income above a certain threshold, potentially triggering an income-related monthly adjustment.

Raising the assumed age for decumulation to 67 from 65 could dramatically reduce the percentage of families at risk, an expert says.

Retirees who have no need for the RMD can fund their grandchildren's college costs, a CFP writes.

Although the elderly often lose the most from scams, younger clients are more likely to fall victim, according to a report.

While many workers don’t have access to pension plans, annuities can provide a source of guaranteed retirement income and address longevity risks.

Without a rollover, they can experience “untold impact to their plan for securing retirement," an expert says.

A successful financial plan is contingent on the success of the whole family, according to an expert.

Around 40% blame their lack of preparation on housing costs, according to a report from TD Ameritrade.

Those planning to head back to the workforce are advised to set boundaries at their new jobs and continue doing the things they enjoy in retirement.

“Building and adhering to a budget that accounts for these types of expenses will create long-term security in retirement,” a CFP says.

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.