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Underestimating longevity is one of the blunders that clients should be careful not to make.
December 22 -
Clients should consider switching to a Roth IRA or Roth 401(k) as investment growth and distributions are not subject to tax.
December 21 -
Although clients pay taxes on the contributions they make, they can still expect tax savings as their money grows tax-free and future distributions are exempt from taxes.
December 20 -
Although retirement investors lose from the decline in bonds' value, they stand to gain from the rising payouts from 10-year Treasury bonds.
December 19 -
The total retirement funds of 100 CEOs can match the combined nest eggs of 41% of U.S. households that saved the least for retirement.
December 16 -
Investors are advised to reduce their risk capacity and get their portfolio ready for the distribution phase once they are within five years of their retirement.
December 15 -
While delaying Social Security can maximize retirement benefits and boost income, some clients have financial circumstances that make an early retirement a better option.
December 14 -
Clients can claim a tax deduction for Medicare premium payments and contribute to a tax-advantaged spousal IRA if they continue working.
December 13 -
Investors nearing retirement should make sure their portfolios are diversified and consider alternative assets, such as real estate, commodities and annuities.
December 12 -
Clients in this situation will need to gather a lot of paperwork, including at least eight certified copies of the spouse's death certificate for life insurance, among other reasons.
December 9