Retirement

If retirees intend to rely heavily on Social Security for income, they should consider adjusting the timing of their bills to the date that they will receive their benefits.

The Elite Eight may be able to provide immediate diversification across more than one asset class.

Success in financial planning comes down to just three things, says our contributor in his final column. Goal setting is just one.

This debt “can hurt their ability to take on long-term financial planning because they are concerned with reaching a zero point,” says one therapist.

Mutual fund costs have fallen to 48 basis points in 2016 from 77 basis points in 2000 for plan participants, according to data from Investment Company Institute.

Rents have increased an average of 3% annually over the 14-year time period of the study, while incomes have declined .1% annually.

For some couples, the fact that they have been drifting apart could be masked by the attention devoted to their careers or raising a family.

These products get a bad rap, but they can be useful in certain situations. However, advisors must make sure their clients aren’t losing money from sky-high expenses.

One strategy includes encouraging clients to wait until the age of 70 to start collecting Social Security benefits.

Whether the husband takes reduced benefits has no impact on the spousal rate, although it could effect potential widow's benefits, according to a Social Security expert.

Retirees should delegate the management of their finances to their children before they reach advance years and their health starts to decline.

Is hourly and standalone planning misguided? This advisor says yes.

The itemized deduction for investment fees may have been eliminated, but clients still need guidance on paying IRA expenses. Here's what to tell them.

Medicare premiums will increase for high-income retirees because of the change in the income brackets that will serve as basis for determining these premiums for their Part B and Part D coverage.

Financial advisors should immediately contact clients with prenuptial agreements to see if they’re impacted.

If you’re nearing retirement but don’t have a succession plan for your practice, you’re not alone. It’s a common dilemma for advisors who remain busy serving clients and whose businesses have become increasingly complex over time. In fact, most advisors within five years of retirement still haven’t identified a successor or plan.* Creating a strong plan is key to retiring on your own terms – and it’s easier than you might think.

Workers with a high-deductible health plan will be better off setting up a health savings account, which offers tax benefits for savings earmarked for future medical expenses.

A retail RIA and robo retirement combination could be a game-changer.

With the rescue attempt's failure, all eyes now turn to the SEC which is considering its own proposal for raising financial advisor standards of conduct.

Clients should determine the benefits they would receive if they file at age 62, at full retirement age, and after their full retirement age.