Retirement

Though people who belong to both parties express optimism about their financial futures, the vast majority don’t think they have planned well for their end of work lives.

One concrete step for advisers it to work with a care manager and a knowledgeable elder lawyer to petition the court to appoint a guardian or conservator.

States and large cities can more simply establish their own retirement programs for private-sector workers under new rules, which are aimed at expanding the number of Americans with access to tax-advantaged savings accounts.

One concrete step for advisers it to work with a care manager and a knowledgeable elder lawyer to petition the court to appoint a guardian or conservator.

The department also proposed a rule to permit cities to create retirement savings plans

Stressors caused by employees’ personal money issues and the employer’s bottom line are intertwined and should be managed as such, says CFP Mark Singer.

For one strategy, clients should create income streams that have built-in protection, such as Social Security and long-term insurance.

The case, filed on behalf of an on-call branch office manager who works with advisers, follows similar retirement plan-related litigation recently filed against other firms, including Morgan Stanley.

Striking the right balance between plan offerings can better prepare employees for a successful retirement.

Millennials and baby boomers fret over how they will pay for their golden years and are eager for answers from employers.