Has your client’s retirement mindset shifted?
Advisers who once oversaw portfolios for clients anxious to save a dollar now work more frequently with investors saving to see the world.
Investments
A daily latte won’t ruin your retirement
If spending $5 a day on fancy coffee puts your retirement at risk, you’ve got bigger problems.
Benefits Think Lump sums vs. life annuities: Leveling the playing field
As an alternative to placing restrictions on lump sum withdrawals, clients could provide retirees more distribution flexibility.
Larry Sher
October Three Consulting
Benefits Think Lump sums vs. life annuities: Leveling the playing field
As an alternative to placing restrictions on lump sum withdrawals, employers could provide retirees more distribution flexibility.
Larry Sher
October Three Consulting
Making the most of a health savings account once you turn 65
Seniors will face a 20% penalty on top of income taxes if they withdraw funds from a health savings account for non-medical expenses before the age of 65.
Nearly two-thirds of Americans are confused about this simple way to save for retirement
Not having a full understanding could hurt workers’ retirement prospects by causing them to possibly miss out on their employer’s match or not reducing their taxable income as much as possible.
Retirement benefits for millions may be slashed without pension agency reforms, warns GAO
The Pension Benefit Guaranty Corp. is facing a $54 billion deficit for insuring multiemployer plans in unionized industries, says the GAO report.
Make the most of the new military retirement plan
Those who signed up in the past year will get a smaller pension than they would under the old system, but they can expect additional benefits from the tax-advantaged Thrift Savings Plan.
Social Security’s earnings test is too complicated — and it discourages work
Although the test is complicated and misunderstood, eliminating it could “do more harm than good,” according to an expert.
Can an annuity help sidestep Social Security taxes?
Although earnings in a deferred annuity will not be included in an investor's adjusted gross income, future withdrawals from the annuity could trigger a bigger tax bill.
Why retirees shouldn’t fear a bear market
The stock market typically recovers from bear markets in far less time than most doom-and-gloomers think, says an expert.
Benefits Think Employees may be relying on company stock too much – and what employers can do about it
Many workers overlook the importance of diversification, but employers have tools to guide them in a better direction — including financial wellness programs.
Amy Reback
Charles Schwab
Social Security is 66% of retirees’ primary source of income — that’s a problem
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.
How to dodge a market dip that threatens retirement
Working longer and taking on a part-time job are two of the simple strategies for workers to curb the impact of a market correction. But there are other tips to consider as well.
Helping clients cope during tough markets
Taking these steps can help clients insulate themselves from some of the market volatility that we've been experiencing recently, says one expert.
Restricted application Social Security strategy is on its way out
This strategy enables retirees to restrict their application to spousal benefits and allow their benefit to grow until they reach 70.
6 guidelines for a happy retirement
Want to have a fulfilling retirement? Employees are advised to set goals and have a bucket list of activities that will make them productive.
Are there advantages to signing up for Social Security and Medicare at the same time?
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.
Misconceptions about health costs when you’re older
A widely held view is that a lot of spending is wasted on “heroic” measures at the end of life, but it’s difficult to know which patients are in their final year.
New 401(k) legislation could bring big changes for retirement savers
One of the major provisions of proposed legislation would require 401(k) plans to offer annuities so participants could create new income streams.
