Risk

“It’s like shopping on Amazon for real estate,” says one investor. But clients pay a premium for the access and convenience.

To start, these clients are advised to start saving as early and contribute enough to their 401(k)s to qualify for their employer's matching contribution.

From travel bans to working remotely, here is how firms including Wells Fargo, Edelman, RBC and others are preparing for a possible pandemic.

Filing at the wrong age and failing to take advantage of programs like spousal and survivor benefits are just a few common mistakes seniors make.

We can all play a part in preparing for this and future outbreaks.

“The advice I give is to calculate the financial impact for each option,” an expert says.

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.

Sixty percent of advisors cited estimating health care costs as one of the biggest headaches when helping retirees plan for the future.

Contributing to these accounts makes sense for clients who anticipate higher tax rates in the future.

So much faith has been put on the partial trade deal with China that stocks have nearly recovered since President Trump’s first round of tariffs on imports.

Seniors hoping to begin retirement next year are advised to review their risk exposure, pay down their debt and save for additional health care costs.