Retirement scan

Target-date funds can help risk-averse young workers ease into investing.

Target-date funds can help risk-averse young workers ease into investing.

Dual-income couples benefit less from Social Security.

Savers can expect investment returns through compounded growth as long as they don’t lose from a market downturn.

There are many misconceptions that can lead to financial hardships in retirement.

A health savings account can be a great savings vehicle for people who are preparing for retirement.

Funding a 401(k), 403(b) or company-sponsored retirement savings vehicle should come first, an expert says.

The legislation includes a provision that would raise the age limit for making contributions and taking required minimum distributions.

Plan participants should consider boosting their contribution rates if they are planning for an early retirement, says one expert.

Living a luxurious lifestyle for less is a possibility — provided retirees are willing to move overseas.

Although taxes on traditional 401(k) contributions are deferred, distributions will be subject to ordinary income taxes in retirement.

Workers should develop a sustainable withdrawal strategy to ensure that they won't outlive their savings.

An average couple aged 65 who are about to retire this year will need $285,000 to cover healthcare expenses.

Ensure their contributions don't exceed the limits to avoid a penalty tax.

As much as 46% believe Medicare will cover the costs of long-term care.

Seniors who hold retirement savings in various assets should develop a tax-efficient withdrawal strategy.

Some seniors are missing out on a potential 20% tax deduction, and “no one is talking about what a wonderful retirement planning technique" it is, says an expert.

Seniors in this position may face a tax bill and possibly a penalty if they dip into their 401(k) prematurely, says an expert.

A market correction only becomes a real risk if investors act and make buy or sell decisions to alleviate mental anguish today at the expense of tomorrow, says an expert.

A 67-year-old wife collecting spousal benefits will be better off waiting until 70 before shifting to her own retirement benefit if she remains healthy, according to this Q&A article.