Risk

Pre-retirees are encouraged to save aggressively and create a list of things they plan to spend their money on without remorse, an expert says.

The investing world is rushing to cater people who want to make a difference with their money but are unwilling to accept higher volatility or fees.

"Since no one has a crystal ball to predict what will happen, I advise saving money on both sides of the tax fence," an expert says.

While there are strategies to help reduce risk, clients should recognize the order of investment returns is crucially important, an expert writes.

A recent study found American workers would face better retirement prospects if the federal government adopts certain public policy changes.

Seniors can claim tax deductions for payments made on their homes, allowing them to reduce their tax burden when they retire.

Developing a comprehensive plan can help "avoid the negative compound interest effect in a declining market."

For starters, wage income earned by those working past their full retirement age can boost tax bills and medical insurance costs.