Roth IRAs

Failing to pay taxes on side-gig earnings and keeping faulty records of business-related expenses must avoided to prevent an excessive tax burden.

This rise of the so-called grey divorce has created a number of uncommon and complex issues for retirement accounts.

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

Ill-prepared investors are advised to vigorously plan their expenses and aggressively save in their 401(k)s and IRAs.

More clients are opting to work after they retire "to stay active and contribute professionally while also supplementing their income.”

The Secure Act was designed to expand retirement savers’ options but it has subsequently all-but-eliminated the stretch IRA for beneficiaries. It's on advisors to make clients aware of the major change.

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

Higher-than-anticipated health-care costs are among the most unexpected expenditures clients face in retirement.

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

Workers from both generations share similarities — and financial pressures — when planning for retirement, writes an expert.

To secure retirement for both spouses, married clients need to determine their savings rate in their 401(k)s and take advantage of the employer's match.

Female clients should start as early as possible and take advantage of the employer match, contributing at least 15% of their income.

Setting up a tax-advantaged retirement account, automating contributions and reducing their overall expenses are a few strategies to get back on track.

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.

Parents can match their children’s savings in a Roth IRA dollar-for-dollar on the condition that they agree not to dip into the accounts until they retire.

If not addressed, the client may see a higher tax bill than was planned. That won't go over well at tax time next year.

Those in the workforce will not owe taxes on rollovers to traditional retirement accounts, but will face consequences using the strategy with a Roth.

The gender gap is alive and well when it comes to career timeouts and savings often take the hit.

One option is to sell funds with lower or no estimated distributions, especially if possible savings will exceed trading costs.

Required minimum distributions are just one example of unforeseen expenses for retirees, an expert writes.