Social Security

79% of people supported raising the full retirement age to 68 from 67, according to a survey from the University of Maryland, which could reduce benefits even for those who wait until 70 to retire.

Clients are likely to overlook the possibility of portfolio failure, unexpected financial responsibility and health issues.

While some experts recommend annuitizing at least 25% of savings to generate guaranteed income in retirement, clients should weigh other options before making a decision.

With the full retirement age increased, the advantages of waiting until age 70 have been somewhat diminished.

This approach to planning remains a strong way advisers can add value for clients.

92% of 401(k) participants are unaware of the fees they pay in their plans, creating the potential to lose a substantial amount of retirement savings

This approach to planning remains a strong way advisers can add value for clients.

Instead of hand-wringing over its future, advisers and clients can consider this solution.

Instead of hand-wringing over its future, advisers and clients can consider this solution.

A majority of people still lack basic knowledge about Social Security. Be sure to educate your clients so they're not part of that scenario.