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While younger clients may be putting away more money than Gen Xers and baby boomers, they’re not better prepared for retirement compared with their older counterparts, experts say.
March 13 -
To ensure their investments stretch as long as they live, clients are advised to develop a sustainable withdrawal plan and consider annuities.
March 6 -
Aside from refinancing, retirees are advised to consider downsizing their homes to reduce overall spending.
March 4 -
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.
March 3 -
“It is really as important for plans to get people thinking about income rather than just accumulation,” an expert says.
March 2 -
Many wealth management trends never caught on. This one is no passing fad, however.
March 2 -
Older clients who have lost a job prior to retirement are advised to first consider filing for unemployment insurance and begin making revisions to their budget.
February 25 -
Seniors choosing between traditional and Roth IRAs must account for their current and future tax rates.
February 20 -
A Roth conversion “not only to minimize heirs’ tax burden but also to sustain the growth of [their] retirement savings."
February 13 -
Taking advantage of catch-up contributions is one of several methods that can help them get back on track.
February 12