Roth 401(k)

Premiums appear to be stabilizing finally and even dropping in some states.

Even though the program was created by a large multinational corporation, companies of all sizes could utilize this approach.

Seniors are likely to be in a lower tax bracket in the few years after retirement, creating a "sweet spot" for them to convert some of their traditional 401(k) or traditional IRA assets into a Roth account.

The typical tax-deffered savings account can easily hit $1 million — mathematically speaking.

Socking away all retirement savings in traditional 401(k) and IRA accounts may no longer be wise.

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 differences generally come down to investor eligibility and when taxes are paid, but that can have a significant impact.

Elderly clients should make sure they have enough fixed-income in their retirement portfolios to spin off cash to cover the gap between income and expenses until the market recovers.

The Roth IRA has very low contribution limits, while those in high-income groups may not qualify to contribute to the account.