Retirees reluctant to spend their savings
Retirees have median savings of $839,000, but many of them are unwilling to spend away their nest egg.
Retirement scan
3 simple steps to help protect your client’s legacy
Clients are advised to keep track of their financial information and have a trusted person who knows where to locate it.
4 Social Security myths and the reasons why they’re overblown
One of the misconceptions is that payroll taxes should be raised and benefits should be cut considerably to save the program.
Rising interest rates give retirees good news and bad news
Rising interest rates can be a boon for seniors seeking better returns from low-risk investments, but can hamper other clients with adjustable-rate mortgages.
The smart retirement move 42% of Americans plan to make
Those who can't downsize can still rent out a portion of their property to help cover expenses.
Retiree do’s and don’ts in a rising-rate environment
After the Fed raised rates, many market participants with fixed-income-heavy investment mixes are wondering what a period of rising interest rates could mean for their portfolios.
401(k) investors: Why boring municipal bonds are exciting for investors
Municipal bonds can be a more lucrative option for some retirement savers than comparable, higher-yielding bonds.
Public pensions need to consider that beneficiaries are living longer
“Public pension plans continue to bury their heads in the sand living in a time warp of decades-old actuarial assumptions,” says a former Connecticut state treasurer.
How much tax should workers withhold from pensions?
Seniors receiving pension payments should ensure that their tax withholding is enough to cover the tax liability on the income and avoid trouble with the IRS.
Will Social Security be standing by the time workers can take it?
Contrary to what many people think, Social Security will continue to pay benefit payouts to future retirees even after the program exhausts its trust funds by 2034, says expert.
Workers should be cautious of hidden taxes in retirement
A portion of retirees’ Social Security benefits may be taxed at the federal level if their combined income exceeds a certain limit.
Separate finances can be a lot trickier for couples in retirement
One may have lots of disposable income, while the other may have to rely on taxable distributions.
Should workers pay off student debt before saving for retirement?
We have multiple goals in life and should be able to handle short-term debts and long-term goals without sacrificing one for the other, says one expert.
The case for small-cap value just got stronger — even for retirees
Clients saving for retirement are advised to overweight their portfolio with small-cap value stocks and funds. Here's how.
Planning for retirement: Should workers pay off the house early?
The new tax law has nearly doubled the standard deduction and limits the deduction for state and local taxes, making it less likely for taxpayers to itemize their deductions.
Workers’ retirement may be saved by a side hustle
The gig economy ushered in a new way of working, which in turn has ushered in a new way of retiring.
Claiming Social Security early could lead to poverty later in life
About 4.3 million of the 18 million workers in the 55-64 age bracket are likely to live in poverty once they reach 65, according to a study.
Medicare Part D drug coverage gap closing at faster clip
The gap for brand-name prescription drugs for Medicare beneficiaries is likely to narrow down to 25% of drug costs from the scheduled 30% next year.
How to defuse your client’s tax time bomb
To avoid a hefty tax bill when taking withdrawals from retirement accounts, clients should consider holding their assets in three "tax buckets.”
Get your employee’s retirement portfolio in fighting shape
Workers who want to make their retirement portfolio resilient to market volatility should veer away from core stock and bond holdings.
