Social Security

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.

"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.

While retirement readiness among Americans has improved in general, Gen Xers are struggling with housing, college and medical costs, a survey finds.

After developing a plan to cover their bills and emergency expenses, clients in a new marriage are advised to start working on their long-term goals.

Nearly 48% of younger Americans feel they are not saving enough to secure their lifestyles after leaving the workforce, a report finds.

A recent study found American workers would face better retirement prospects if the federal government adopts certain public policy changes.

It is important for entrepreneurs to have an exit strategy and to take control of their debt.

“By and large, many simply have not yet saved enough to retire comfortably.”

Financial planners should at least consider modeling early retirement to prepare clients for the possibility of uncertainty, says Morningstar.

Workers from both generations share similarities — and financial pressures — when planning for retirement, writes an expert.

Clients should think of the years as empty buckets and keep the amount of income into each bucket level per year.

Chances are high that one or both parents who have left the workforce ahead of their full retirement age are still working out of necessity.

Workers need to have saved a certain amount at a certain age to stay on track for securing their retirement.

Age discrimination, unpredictable life shocks and involuntary retirement casts serious doubt on the “work longer” thesis.

Clients adding investments other than target-date funds to their 401(k) or 403(b) could potentially hurt their bottom line.

“The big issue here is being able to maintain your standard of living,” an expert says.

The next generation can assist loved ones with applying for financial assistance, reducing expenses and developing a financial plan.

These employees will need bigger savings than other age groups to fund a longer retirement horizon, according to a study.