How can women do a better job preparing for retirement?
More than a quarter of women in a recent survey say they are confident they will comfortably retire, while almost a third of men voiced the same confidence.
Social Security
Clients could be unknowingly sabotaging their Social Security
Filing at the wrong age and failing to take advantage of programs like spousal and survivor benefits are just a few common mistakes seniors make.
What taxes will my clients owe in retirement?
Aside from income taxes, retirees will also pay consumer taxes and may face a 3.8% Medicare surtax.
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.
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.
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.
Ways retired couples can curb their spending
Clients can void overspending by seeking out sales and discounts to lower their food and entertainment costs.
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.
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.
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.
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 widening wealth gap could be putting your clients at risk
A recent study found American workers would face better retirement prospects if the federal government adopts certain public policy changes.
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.
Why retiring at 65 could become a thing of the past
“By and large, many simply have not yet saved enough to retire comfortably.”
When retirement expectations meet reality
Financial planners should at least consider modeling early retirement to prepare clients for the possibility of uncertainty, says Morningstar.
Baby boomers and millennials have more in common than they think
Workers from both generations share similarities — and financial pressures — when planning for retirement, writes an expert.
Multiyear tax planning may help stretch retirement savings
Clients should think of the years as empty buckets and keep the amount of income into each bucket level per year.
Retiring early with kids may be harder than employees think
Chances are high that one or both parents who have left the workforce ahead of their full retirement age are still working out of necessity.
How much do employees need to retire?
Workers need to have saved a certain amount at a certain age to stay on track for securing their retirement.
