Savings accounts

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.

One tip for younger clients is to create multiple income streams that are subject to varying tax treatments.

"A long life is wonderful, but it is also costly and a bigger drain on resources," an expert says.

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

Medicare savings programs, discounts on prescription drugs and rental assistance are a few ways retirees can lighten their load.

In a session at the In|Vest West conference, Rachleff revealed the digital firm’s ambitious plans to take on big banks.

Helping clients develop a solid investment strategy is an important step to help them survive market volatility.

Younger clients who adopt an overly conservative investment approach are advised to consider diversified, low-cost equity products to boost returns.

Early and consistent saving may not be enough to safely leave the labor force for good.

With pensions gradually disappearing, more retirees will have to rely on 401(k)s.

The decisions made before they retire are integral to their success, according to an expert.

Medical expenses for retired clients may be more predictable than expected, experts say.

In some cases, clients are advised to pay off their debt instead of putting money aside to retire.

Younger clients are more savvy consumers who know how to minimize their expenses and are less inclined to spend on material goods, an expert says.

The triple-tax savings and investment vehicle is underutilized, but can help clients save for upcoming healthcare expenses.

The products provide advantages that “help women build savings faster: tax deferral and generally higher rates than CDs or Treasurys,” an expert says.

Raising the assumed age for decumulation to 67 from 65 could dramatically reduce the percentage of families at risk, an expert says.

Keeping their money invested for a longer period enacts the power of compounded interest growth.

Investing in tax-advantaged accounts and automating contributions are a few strategies that could help.