Retirement scan

The average retirement age is 61, with only 4% of seniors working until the age of 70 or older, according to a Gallup survey.

The average retirement age is 61, with only 4% of seniors working until the age of 70 or older, according to a Gallup survey.

Advisers can protect their clients' retirement savings by allocating their assets across equities, fixed income and cash.

Between taxes and penalties on early withdrawals, many clients will only be getting 65 cents for every dollar they take out.

Between taxes and penalties on early withdrawals, many people will only be getting 65 cents for every dollar they take out.

Each pre-retiree couple is in a unique circumstance, and needs to account for their health and longevity, as well as their willingness and ability to work.

Workers would have to pay taxes on their contributions to an employer's sponsored 401(k) plan under the Trump administration's tax proposal.

Workers would have to pay taxes on their contributions to an employer's sponsored 401(k) plan under the Trump administration's tax proposal.

Employees should consider postponing their retirement, especially if they work for the federal government.

Older employees should consider postponing leaving the workforce, especially if they work for the federal government.