Retirement scan

Retirees often underestimate the cost of the second-largest expense for people 65 and older.

Seniors are more likely to opt for the standard deduction, which increased under the new tax law, but those who want to maximize their deductions have several considerations.

Lawmakers this year are expected to pursue measures that will help Americans enhance their retirement prospects.

A recent ruling by the U.S. Labor Department could open the door for automatic 401(k) transfers between employers, which means fewer workers will be tempted to cash out.

Millennials lag behind in terms of credit card debt and retirement savings, but they spend the most on vacation, dining out and other unnecessary expenses, according to a new study.

Conventional wisdom says to postpone filing for benefits until full retirement age or, even better, until your 70th birthday. Are there some cases when that doesn't apply?

One approach to determine a retirement withdrawal rate is to set a fixed percentage of their portfolio every year, says an expert. But there are other strategies, as well.

Compared to lower earners, clients with moderate and higher incomes will owe more taxes on the distributions from tax-deferred accounts after they retire.

Companies should consider offering older workers the option of taking a phased retirement to enable them to transition to the golden years.

Workers should consider contributing the maximum amount to their 401(k)s, whose contribution limits have increased for this year.