Retirement

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.

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

Although rainy day funds can be useful in the ongoing struggle to curtail leakage of savings from defined contribution plans, they won’t plug the biggest hole in the retirement system’s proverbial bucket.

Maryland and New Jersey are among the least-appealing places for employees to spend their post-work years in 2019, due in part to affordability, health-related factors and overall quality of life.

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

Thousands of employers using the payroll company's software now have the option to offer the online program to employees.

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.

Growing numbers of federal workers have been tapping their retirement funds in a sign of how the government shutdown is squeezing day-to-day finances.

Thousands of employers using the payroll company's software now have the option to offer the online program to employees.

Many workers overlook the importance of diversification, but employers have tools to guide them in a better direction — including financial wellness programs.

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

Without an efficient, cost-effective way to transfer 401(k) account balances from plan to plan, participants are more likely to strand their accounts — or worse, prematurely cash out their savings.

Clients will be able to contribute more to these accounts in 2019 because of changes in tax law, but choosing a plan is still no easy decision.

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.