Social Security benefits

If retirees intend to rely heavily on Social Security for income, they should consider adjusting the timing of their bills to the date that they will receive their benefits.

Mutual fund costs have fallen to 48 basis points in 2016 from 77 basis points in 2000 for plan participants, according to data from Investment Company Institute.

Rents have increased an average of 3% annually over the 14-year time period of the study, while incomes have declined .1% annually.

Whether the husband takes reduced benefits has no impact on the spousal rate, although it could effect potential widow's benefits, according to a Social Security expert.

Retirees should delegate the management of their finances to their children before they reach advance years and their health starts to decline.

Medicare premiums will increase for high-income retirees because of the change in the income brackets that will serve as basis for determining these premiums for their Part B and Part D coverage.

Workers with a high-deductible health plan will be better off setting up a health savings account, which offers tax benefits for savings earmarked for future medical expenses.

Clients should determine the benefits they would receive if they file at age 62, at full retirement age, and after their full retirement age.

Inflated client expectations mingled with fears of congressional cutbacks are making retirement planning even more complex.

Many employees expect to collect more than they actually will, which can prompt them to retire and file for benefits early and, in turn, reduce their actual payouts.