Fixed income

With steep competition for talent, it’s important clients think outside the conventional benefits packages to help their workforce build retirement savings.

With steep competition for talent, it’s important to think outside the conventional benefits packages to help your workforce build retirement savings.

The stock market typically recovers from bear markets in far less time than most doom-and-gloomers think, says an expert.

Many workers overlook the importance of diversification, but employers have tools to guide them in a better direction — including financial wellness programs.

Benefits are meant to replace just 40% of preretirement income, so many retirees should consider creating new income sources, such as running a small business or renting out a property.

This strategy enables retirees to restrict their application to spousal benefits and allow their benefit to grow until they reach 70.

There can be benefits in enrolling simultaneously, but there are also incentives to consider in waiting on Social Security instead of claiming benefits at 65 when Medicare kicks in.

The years between 60 and 70 present a great opportunity for seniors to make moves to protect their retirement savings.

Clients should turn to their own timeline before making any changes to their portfolio during a market correction.

Reinventing a new life may involve uncovering new interests and a new way to live after you leave your career.