Retirement scan

Retirees are advised to adopt a less aggressive approach to investing and reduce their risk exposure.

Clients should not underestimate the impact of taxes on their income after they retire, as their tax liability could reduce substantially their net earnings.

Retirees who retire before 65 and want to reduce their premiums are advised to keep their taxable income between $12,060 and $48,240 (for singles) or $16,240 and $64,960 (married couples).

The Senior Citizens League says that seniors on Social Security can expect an increase in cost of living adjustments not seen since 2012.

A new report indicates that projected medical expenses of a 45-year old couple, after they retire, will be 122% of their total Social Security benefits.

Many carriers offering long-term care coverage are experiencing financial woes and may no longer guarantee payments when clients need them.

One alternative is a hybrid long-term-care policy with features of traditional LTC insurance and cash-value life coverage that grows over time.

A new line of mutual funds can help retirees manage their RMDs – which many fail to take – and avoid the hefty penalty.

Women often have more years of low income—or no income—at some point in their careers.

Contrary to what some people think, their tax burden may not decline after leaving the workplace for good.

An expert warns that "the buy, hold and forget" strategy would only work in bull market conditions.

Many people plan to have an active lifestyle in retirement, but are not engaging in activities to stay fit.

Seniors who have remarried may still qualify for a Social Security divorced spousal benefit on their ex-spouse's record.

Retirees are automatically enrolled in Medicare by the time they reach 65 if they are already collecting their Social Security benefits.

Couples would be better off retiring at the same time, as they face major life changes together. And leaving a career-driven spouse at home in retirement can throw a marriage out of whack.

Emotion-driven decisions may result in portfolios that retirees find palatable, but they are also likely to result in lower returns.

Tapping a 401(k) isn’t good idea, so it would need to be the lesser of two or more evils. And they “would have to be pretty evil evils," says an expert.

Low-cost passive index funds and sticking to an asset allocation plan even during a market downturn overcame some common pitfalls.

Retirement investors are better off owning an all-value equity portfolio than a combination of growth and value stocks, data shows.

These banks provide senior-friendly accounts to older customers and offer them rewards such as no-fee checking accounts that earn interest.