Social Security

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.

Before saving for retirement, young employees are advised to pay down high-interest debts and build an emergency fund, an expert says.