Retirement

Health savings accounts offer triple tax benefits, allowing clients wiggle room to save for rising health care costs.

Parents are advised to take advantage of charitable and nonprofit support programs when preparing for the future of a special needs child.

Chances are high that one or both parents who have left the workforce ahead of their full retirement age are still working out of necessity.

Doing the wrong thing can impact discretionary spending and leave little room for tackling unforeseen challenges in retirement.

While an asset protection trust can cover nursing home care expenses in retirement, growth of these investments can trigger a tax bill.

Clients are advised place a deeper focus on their life goals when developing a strategy to retire.

If they fear a sharp downturn, seniors may want to avoid locking up their retirement accounts in long-term bonds.

Seniors who negotiate for such an arrangement should consider their finances, flexibility and mutual benefits.

To correctly identify their risk tolerance, clients must not only understand how to react to risk, but also how the market environment and investment experience have impacted them.

Those leaving the workforce before 65 need more cost-effective places to live.

Underestimating their needs, many make decisions that are suboptimal or worse.

Age discrimination, unpredictable life shocks and involuntary retirement casts serious doubt on the “work longer” thesis.

Advisors may need to alert clients as to when these checks will be taxable.

Clients adding investments other than target-date funds to their 401(k) or 403(b) could potentially hurt their bottom line.

There is actually a way to give clients a good answer to this question.

With the net unrealized appreciation, workers can roll some employer stock into a taxable brokerage plan.

To make the most of their savings, workers should start funding their accounts as early as possible.

Do your clients have their ducks in a row?