Roth IRAs

With the right steps, clients can reduce their tax liability, as well as new sources of retirement income with different tax treatments,

Many deductions are likely to disappear if Congress passes the reform bill into law.

Retirees should ensure that they take their first required minimum distribution from their tax-deferred retirement account in the year they reach 70 1/2 or face a 50% penalty.

The proposal aims to simplify tax subsidies by increasing qualified withdrawals from 529s in exchange for scrapping the Coverdell account.

The tax plan would make itemized deductions less valuable so some seniors would lose a deduction that covers payments for nursing homes, assisted living or inpatient hospital care.

The Roth 401(k) is more flexible than a Roth IRA, and it is funded with after-tax dollars, which can help "diffuse the potential tax bomb."

Here are some traditional and under-the-radar ways to help clients earn more after taxes.

While contribution limits are expected to remain untouched, the country is still facing a retirement crisis, one expert says.

Clients should consider the next market downturn as an opportunity to invest in stocks that are "on sale."

The first step is to account for any obligations or costs, an expert says.