Which types of assets should retirees spend first?
Seniors who hold retirement savings in various assets should develop a tax-efficient withdrawal strategy.
Retirement scan
The tax break retirees might not know about
Some seniors are missing out on a potential 20% tax deduction, and “no one is talking about what a wonderful retirement planning technique" it is, says an expert.
What to do if you have to retire early
Seniors in this position may face a tax bill and possibly a penalty if they dip into their 401(k) prematurely, says an expert.
Why volatility shouldn’t scare you — even close to retirement
A market correction only becomes a real risk if investors act and make buy or sell decisions to alleviate mental anguish today at the expense of tomorrow, says an expert.
Should my wife file for Social Security retirement benefits now or delay till 70?
A 67-year-old wife collecting spousal benefits will be better off waiting until 70 before shifting to her own retirement benefit if she remains healthy, according to this Q&A article.
Social Security isn’t America’s only public retirement crisis
Cuts in Medicaid could prove disastrous for low-income retirees who rely on the program for nursing home care, experts say.
Medicare B costs for clients projected to rise
“Healthcare prices are increasing at levels that significantly exceed overall inflation,” an expert warns.
Why employees should reconsider early retirement
Unfortunately, physical and cognitive decline are among potential side-effects.
Baby boomers in this city are plagued with the most debt
One state has two of the top three cities in terms of boomer debt.
One reason lawmakers are hesitant to fix Social Security: Millennials
A proposal to increase payroll taxes is facing opposition from some lawmakers who believe millennial workers cannot afford to bear the brunt of higher payroll taxes.
Why retirees shouldn’t use their 401(k)s to pay off debt
Tapping into these plans is one method used to prevent bankruptcy.
2 ways to boost retirement savings
Many workers are unaware they have the option of making catch-up contributions to retirement accounts, missing out on an opportunity to boost savings.
Congress may gut the ‘stretch IRA’ that wealthy people love
New legislation that aims to give workers greater opportunities to save may put the kibosh on a strategy for passing large individual retirement accounts to heirs.
Pulling heartstrings and purse strings: Grandparents spend $179B annually on grandkids
Grandparents are advised to give cash gifts without putting their future financial security at risk.
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.
Should clients use a Roth IRA for college expenses?
Grandchildren won't be able to have their own accounts until they are earning their own income, but they can be named beneficiaries.
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.
It’s not too late to boost retirement savings for 2018
There are still several moves that clients can make to reduce their 2018 tax bill.
How technology is reshaping the way Americans prepare for retirement
New innovations increase participation by making it easier to save and invest for retirement, an expert says.
How your kids can ruin your retirement — and how to avoid it
Parents should have a smart plan on how to help their adult children returning to their home without putting their own retirement at risk.
