Retirement scan

Seniors who intend to get a Medigap policy to supplement their traditional Medicare coverage may have trouble getting one.

The stock market typically recovers from bear markets in far less time than most doom-and-gloomers think, says an expert.

Thousands of federal workers who are furloughed or working without pay because of the partial government shutdown should use budgeting to cope with the hard times.

Federal employees who retire during the partial government shutdown would have to wait a longer time to take retirement distributions from their savings plans.

Seniors are advised to take measures to prepare for a possible shortfall in retirement income, as there is no guarantee for an immediate fix to the problem.

Benefits are meant to replace just 40% of preretirement income, so many retirees should consider creating new income sources, such as running a small business or renting out a property.

Working longer and taking on a part-time job are two of the simple strategies for workers to curb the impact of a market correction. But there are other tips to consider as well.

Taking these steps can help clients insulate themselves from some of the market volatility that we've been experiencing recently, says one expert.

If your employees' goal is to save more for retirement, there are some simple steps they can take to make that resolution stick.

This strategy enables retirees to restrict their application to spousal benefits and allow their benefit to grow until they reach 70.