Retirement scan

Clients who intend to name minor children as beneficiaries of their IRAs should take into consideration the "kiddie tax" before making a decision.

Retirees are often pushed into a different tax bracket with many paying more in retirement than they were while working.

Retirees are often pushed into a different tax bracket with many paying more in retirement than they were while working.

The proposal to limit the 401(k) tax deductions would affect 55 million Americans of all ages and income levels, according to study.

The proposal to limit the 401(k) tax deductions would affect 55 million Americans of all ages and income levels, according to study.

While the average savings in retirement accounts increased markedly in recent years, the amounts varied significantly by income levels, experts say.

While the average savings in retirement accounts increased markedly in recent years, the amounts varied significantly by income levels, says an expert.

Healthcare costs are on the rise and Social Security's cost-of-living adjustment isn't enough to keep up with the rising medical costs.

Health care costs are on the rise and Social Security's cost-of-living adjustment isn't enough to keep up with the rising medical costs.

Workers should consider the next market downturn as an opportunity to invest in stocks that are "on sale."

Despite impressive aggregate numbers, the median value of a 401(k) account for someone 65 and over is about $60,000.

Despite impressive aggregate numbers, the median value of a 401(k) account for someone 65 and over is about $60,000.

Seniors might get the policy again if they decided to drop it, but the rules "aren’t really super specific about what should happen in this situation,” one expert says.

Seniors might get the policy again if they decided to drop it, but the rules "aren’t really super specific about what should happen in this situation,” one expert says.

The government should promote universal access to retirement savings and give workers more options for the spend-down phase of retirement, according to the study.

The government should promote universal access to retirement savings and give Americans more options for the spend-down phase of retirement, according to the study.

Although retirees need to protect their savings to avoid losing money, extreme aversion to loss could do more harm than good.

Although retirees need to protect their savings to avoid losing money, extreme aversion to loss could do more harm than good.

An average 50-year-old woman in New York should begin socking away 49% of her income to her retirement account in order to live comfortably in her golden years, according to UBS.

This person in New York should begin socking away 49% of her income to her retirement account in order to live comfortably in her golden years.