Retirement income

To reduce the risk of retiring early, seniors are advised to take on a part-time job or downsize to reduce expenses.

While there are strategies to help reduce risk, clients should recognize the order of investment returns is crucially important, an expert writes.

Within 10 years, millions of baby boomers will be facing financial and health-related challenges in retirement.

Investors who plan to retire early are advised to start saving as soon as possible and diversify their earnings with multiple sources of income.

A recent study found American workers would face better retirement prospects if the federal government adopts certain public policy changes.

“The advice I give is to calculate the financial impact for each option,” an expert says.

Research shows that both a match and automatic enrollment have significant positive effects, especially on groups that tend to have lower participation and contribution rates.

Ill-prepared investors are advised to vigorously plan their expenses and aggressively save in their 401(k)s and IRAs.

Making savings automatic and quantifiable can streamline the process of getting employees involved in saving for retirement and other financial goals.

Deciding against auto-enrolling employees in retirement plans is a big miss benefit managers keep making.