Retirement planning tips in the time of coronavirus
Clients are advised to keep some of their savings in cash and focus on their long-term prospects.
IRAs
How to help your clients’ retirement savings last
To ensure their investments stretch as long as they live, clients are advised to develop a sustainable withdrawal plan and consider annuities.
Ways clients can pay off their debt in retirement
Aside from refinancing, retirees are advised to consider downsizing their homes to reduce overall spending.
Young adults can find retirement success. Here’s how
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.
Your clients’ retirement savings may not last as long as they think
“It is really as important for plans to get people thinking about income rather than just accumulation,” an expert says.
Your client was laid off before they could retire? Here’s what to do
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.
How new rules could affect the way clients save for retirement
Seniors choosing between traditional and Roth IRAs must account for their current and future tax rates.
Clients can now make IRA contributions at any age. But should they?
Pre-retirees may consider funding a Roth account to take advantage of tax-free compounding and tax-exempt withdrawals in retirement, an expert writes.
What to do if your client waited too long to address retirement
Taking advantage of catch-up contributions is one of several methods that can help them get back on track.
This could be 2020’s most important retirement savings vehicle
The HSA has become increasingly valuable for future medical expenses, "and the triple tax benefit simply can’t be ignored,” an expert says.
Why clients need more than one source of retirement income
While it’s recommended they have at least three sources when they retire, just 6.8% of savers have done so, according to a report.
The problem with the 4% retirement income rule
While there are strategies to help reduce risk, clients should recognize the order of investment returns is crucially important, an expert writes.
Will your clients be forced to claim Social Security early?
Many pre-retirees leave the workforce sooner than anticipated as a result of various factors, such as job loss and illness.
A huge retirement risk clients probably don’t realize they’re facing
Investors who plan to retire early are advised to start saving as soon as possible and diversify their earnings with multiple sources of income.
Divorcing clients? Here’s how to split an IRA
This rise of the so-called grey divorce has created a number of uncommon and complex issues for retirement accounts.
Clients can save for retirement while running a business. Here’s how
It is important for entrepreneurs to have an exit strategy and to take control of their debt.
Some clients feel they’ll never be ready for retirement
Ill-prepared investors are advised to vigorously plan their expenses and aggressively save in their 401(k)s and IRAs.
Why retiring at 65 could become a thing of the past
“By and large, many simply have not yet saved enough to retire comfortably.”
Now might be a good time to save in Roth accounts
Contributing to these accounts makes sense for clients who anticipate higher tax rates in the future.
Benefits Think Safe-harbor IRAs should not be a long-term retirement solution
Over half of account holders neglect to move their funds, resulting in penalties and fees.
Spencer Williams
Portability Services Network and Retirement Clearinghouse