Savings accounts

Data collected from the partnership helped ADP implement changes to its available savings program to increase employee participation.

Ninety percent of employees surveyed by SecureSave say they would use an emergency savings program if it were offered by their employer.

Older clients are advised to take extra steps to protect their finances as the current crisis may leave them prone to making poor financial decisions.

Clients are advised to minimize spending and tap possible sources of cash and credit, including their tax refund.

Aside from refinancing, retirees are advised to consider downsizing their homes to reduce overall spending.

To start, these clients are advised to start saving as early and contribute enough to their 401(k)s to qualify for their employer's matching contribution.

Seniors choosing between traditional and Roth IRAs must account for their current and future tax rates.

Taking advantage of catch-up contributions is one of several methods that can help them get back on track.

Pre-retirees are encouraged to save aggressively and create a list of things they plan to spend their money on without remorse, an expert says.

Clients can void overspending by seeking out sales and discounts to lower their food and entertainment costs.