How to handle Medicare if clients are working at 65
“The advice I give is to calculate the financial impact for each option,” an expert says.
Retirement scan
How new rules could affect the way clients save for retirement
Seniors choosing between traditional and Roth IRAs must account for their current and future tax rates.
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.
Clients can now make IRA contributions at any age. But should they?
Pre-retirees may consider funding a Roth account to take advantage of tax-free compounding and tax-exempt withdrawals in retirement, an expert writes.
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.
This could be 2020’s most important retirement savings vehicle
The HSA has become increasingly valuable for future medical expenses, "and the triple tax benefit simply can’t be ignored,” an expert says.
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.
Why clients need more than one source of retirement income
While it’s recommended they have at least three sources when they retire, just 6.8% of savers have done so, according to a report.
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.
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.
How you can help your clients cope with a forced retirement
To reduce the risk of retiring early, seniors are advised to take on a part-time job or downsize to reduce expenses.
The problem with the 4% retirement income rule
While there are strategies to help reduce risk, clients should recognize the order of investment returns is crucially important, an expert writes.
TIAA rolls out new HSA to complement retirement plan
The new addition aims to help employees with healthcare expenses now and in retirement.
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.
What to do about Medicare if your clients are 65 and working
“The advice I give is to calculate the financial impact for each option,” an expert says.
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.
Some clients feel they’ll never be ready for retirement
Ill-prepared investors are advised to vigorously plan their expenses and aggressively save in their 401(k)s and IRAs.
When retirement expectations meet reality
Financial planners should at least consider modeling early retirement to prepare clients for the possibility of uncertainty, says Morningstar.
