Retirement

Millennials lag behind in terms of credit card debt and retirement savings, but they spend the most on vacation, dining out and other unnecessary expenses, according to a new study.

If you can help your clients create a unique benefit for themselves and their employees, they will be able to engage top talent and continue to profit.

Conventional wisdom says to postpone filing for benefits until full retirement age or, even better, until your 70th birthday. Are there some cases when that doesn't apply?

A shocking employee survey prompted real estate firm Bell Partners to make a change. Incentives and robust communication strategies made the program a success.

One approach to determine a retirement withdrawal rate is to set a fixed percentage of their portfolio every year, says an expert. But there are other strategies, as well.

Employers are making new hires in the insurance, brokerage and technology spaces.

Compared to lower earners, clients with moderate and higher incomes will owe more taxes on the distributions from tax-deferred accounts after they retire.

These young standout advisers see a changing workforce sparking new benefits for gig workers, student loan debt relief and better engagement tactics from employers. Ranging in age from 26 to 35, they represent the next generation ready to make their mark on an evolving industry.

Companies should consider offering older workers the option of taking a phased retirement to enable them to transition to the golden years.

Workers should consider contributing the maximum amount to their 401(k)s, whose contribution limits have increased for this year.