How to handle Medicare if clients are working at 65
“The advice I give is to calculate the financial impact for each option,” an expert says.
Retirement planning
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.
Benefits Think How new student loan legislation will ease financial burden on retirees
Today’s young adults are the first downwardly mobile generation in American history and face a slower growing economy while saddled with unbearable amounts of student debt.
Scott Thompson
Tuition.io
Older workers are staying in the job market. Here’s why
The spike in the number of older employees in the workplace reflects a trend over the past decade.
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.
Benefits Think Navigating the emotional side of retirement
Making the transition into retirement requires self-reflection and preparation ahead of time.
Kathleen Greer
KGA
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 aiming for early retirement shouldn’t feel guilty about spending
Pre-retirees are encouraged to save aggressively and create a list of things they plan to spend their money on without remorse, an expert says.
Benefits Think My Plan B for retiring as an adviser
A succession plan is not only for retirement but in the event of premature death, serious illness or incapacity.
Carolyn McClanahan
Life Planning Partners
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.
How to achieve diversification on the road to retirement
"Since no one has a crystal ball to predict what will happen, I advise saving money on both sides of the tax fence," an expert says.
Why Gen X is the least prepared for retirement
While retirement readiness among Americans has improved in general, Gen Xers are struggling with housing, college and medical costs, a survey finds.
Benefits Think Recordkeepers play a critical role in helping employees benefit from the Secure Act
Employees will need more education and guidance when it comes to taking advantage of their defined contribution plans.
Kara Melber
Corporate Insight
Conversations newlyweds need for a healthy retirement
After developing a plan to cover their bills and emergency expenses, clients in a new marriage are advised to start working on their long-term goals.
Best 2050 target-date funds of 2019
Steady gains made in equity markets last year were "clearly a tailwind,” an expert says.
Rising cost of healthcare is hurting HSAs
Ninety-six percent of HSA account holders are depleting their funds on a yearly basis, instead of investing the money for their long-term care.
Where will younger clients find retirement income?
Nearly 48% of younger Americans feel they are not saving enough to secure their lifestyles after leaving the workforce, a report finds.
Employees can save more of their paycheck with auto-deduction
Even rolls out new product to help employees save money for up to three different purposes at once via direct deposit.
Age discrimination is bad for the bottom line
Figuring out ways to keep older workers engaged and help them overcome the prejudices that prevent them from getting hired is a task often neglected by policymakers
How you can help your clients cope with a forced retirement
To reduce the risk of retiring early, seniors are advised to take on a part-time job or downsize to reduce expenses.
