Retirement scan

Many people have the misconception that Social Security will become insolvent over the next 20 years.

Roughly a third of American workers don’t have a retirement vehicle, says Labor Secretary Thomas Perez.

One concrete step for advisers is to work with a care manager and a knowledgeable elder lawyer to petition the court to appoint a guardian or conservator.

For one strategy, clients should create income streams that have built-in protection, such as Social Security and long-term insurance.

A proposed 22.3% increase in Medicare Part B premiums, if approved, will automatically be deducted from retirees' monthly checks.

In about 30% of large companies, seniors can opt to work part-time or engage in job sharing with co-workers.

Investors can expect limited options or higher fees in their retirement plans as brokerage firms are evaluating their pricing structures to comply with the fiduciary rule.

Clients should realize that reaching the finish line of their career means the start of a new chapter of life.

One approach shows how clients can use their health savings account to cover premium payments.

People who've prepared may still run out of money in retirement if they fail to create a budget or underestimate the amount they need.

Some seniors shop around for the most affordable health insurance and less expensive drugs every year.

Retirees over 65 will no longer be able to contribute to health savings accounts once they file for benefits.

Taxes are the top expense that seniors don't plan for enough, but dental costs and hearing aids are also on the list.

The lawsuits claim the universities failed to follow ERISA laws since retail mutual funds were among the investment choices instead of lower-cost versions.

Why they should stay up-to-date with mergers and the financial difficulties of their past employers.

Donating appreciated stock to charity may be one way to offset a surcharge that is expected to increase in 2018.

Although the open enrollment comes in less than two months, seniors are advised to start preparing as soon as they can to save on premiums, co-payments and prescription drugs.

They go for $1 each on the underground internet where illegal online transactions occur. PayPal account numbers command the highest price.

With assets in a single account, monitoring gets easier and investors can take a pro-active approach to protecting their portfolio from market volatility.

While it is understandable for parents to support their children's athletic goals, they should learn to cut back on other expenses.