Growing number of Americans concerned that retirement is out of reach
A new survey from financial services organization TIAA polled 1,000 adults and found that nearly half don't make enough money to save.
Savings accounts
A BlackRock, ADP and Commonwealth partnership boosted workers’ emergency savings by over $1B
Data collected from the partnership helped ADP implement changes to its available savings program to increase employee participation.
Suze Orman weighs in on why employers should offer emergency savings benefits
Ninety percent of employees surveyed by SecureSave say they would use an emergency savings program if it were offered by their employer.
Here’s what to do if clients need to postpone retirement
By extending their working years, seniors can see an increase in their Social Security payouts.
Your client lost their job due to coronavirus. Now what?
In some cases, workers who have received severance pay have the option of investing the money for retirement and other long-term goals.
It’s a critical time to protect retirees and seniors’ finances
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.
How to build an emergency fund in the middle of an emergency
Clients are advised to minimize spending and tap possible sources of cash and credit, including their tax refund.
How to help your clients’ retirement savings last
To ensure their investments stretch as long as they live, clients are advised to develop a sustainable withdrawal plan and consider annuities.
Ways clients can pay off their debt in retirement
Aside from refinancing, retirees are advised to consider downsizing their homes to reduce overall spending.
Young adults can find retirement success. Here’s how
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.
Your clients’ retirement savings may not last as long as they think
“It is really as important for plans to get people thinking about income rather than just accumulation,” an expert says.
Your client was laid off before they could retire? Here’s what to do
Older clients who have lost a job prior to retirement are advised to first consider filing for unemployment insurance and begin making revisions to their budget.
How new rules could affect the way clients save for retirement
Seniors choosing between traditional and Roth IRAs must account for their current and future tax rates.
What to do if your client waited too long to address retirement
Taking advantage of catch-up contributions is one of several methods that can help them get back on track.
Why clients aiming for early retirement shouldn’t feel guilty about spending
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.
Ways retired couples can curb their spending
Clients can void overspending by seeking out sales and discounts to lower their food and entertainment costs.
How to achieve diversification on the road to retirement
"Since no one has a crystal ball to predict what will happen, I advise saving money on both sides of the tax fence," an expert says.
Where will younger clients find retirement income?
Nearly 48% of younger Americans feel they are not saving enough to secure their lifestyles after leaving the workforce, a report finds.
The problem with the 4% retirement income rule
While there are strategies to help reduce risk, clients should recognize the order of investment returns is crucially important, an expert writes.
A huge retirement risk clients probably don’t realize they’re facing
Investors who plan to retire early are advised to start saving as soon as possible and diversify their earnings with multiple sources of income.
