Retirement scan

While retirees can start taking 401(k) withdrawals without penalties when they turn 59 1/2, they may want to consider drawing from their taxable accounts for their living expenses.

While there are 567 ways to claim benefits, clients are advised to pick a strategy that will maximize a spouse's benefit on their record.

The average score of correct answers was 47%, and only 5% of respondents earned a grade higher than C.

Those who expect to stay longer on their jobs could be hurting their prospects, as many people are forced to retire early because of health issues.

One step is to avoid investing the money that they will need within a five-year period.

Older Americans would be subject to an "age tax" under the Senate legislation designed to revamp the Affordable Care Act, says an expert with the AARP.

Older Americans would be subject to an "age tax" under the Senate legislation designed to revamp the Affordable Care Act, says an expert with the AARP.

Setting up an investment account for every newborn, with the federal government seeding it with $7,000, might be a solution to the looming Social Security crisis, says expert.

Gold tends to hold its value in the long-term, but it's volatile — almost as much as stocks — so clients may need decades to ride out its ups and downs,

Retirees are advised to adopt a less aggressive approach to investing and reduce their risk exposure.

Setting up an investment account for every newborn, with the federal government seeding it with $7,000, might be a solution to the looming crisis.

Retirees who retire before 65 and want to reduce their premiums are advised to keep their taxable income between $12,060 and $48,240 (for singles) or $16,240 and $64,960 (married couples).

Retirees are advised to adopt a less aggressive approach to investing and reduce their risk exposure.

Retirees should not underestimate the impact of taxes on their income after they leave the workforce, as their tax liability could reduce substantially their net earnings.

Those who leave the workforce before age 65 and want to reduce their premiums are advised to keep their taxable income between $12,060 and $48,240 for singles.

The Senior Citizens League says that seniors on Social Security can expect an increase in cost of living adjustments not seen since 2012.

The Senior Citizens League says that seniors on Social Security can expect an increase in cost of living adjustments not seen since 2012.

A new report indicates that projected medical expenses of a 45-year old couple, after they retire, will be 122% of their total Social Security benefits.

A new report indicates that projected medical expenses of a 45-year old couple, after they retire, will be 122% of their total benefits.

Many carriers offering long-term care coverage are experiencing financial woes and may no longer guarantee payments when clients need them.