Savings accounts

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.

The right toolkit can help clients accomplish their dreams and ease the financial burden on their loved ones.