Social Security

Your late clients' surviving spouses or children are entitled to a $255 lump-sum death benefit, as long as they meet these requirements.

79% of people supported raising the full retirement age to 68 from 67, according to a survey from the University of Maryland, which could reduce benefits even for those who wait until 70 to retire.

Clients are likely to overlook the possibility of portfolio failure, unexpected financial responsibility and health issues.

While some experts recommend annuitizing at least 25% of savings to generate guaranteed income in retirement, clients should weigh other options before making a decision.

While some experts recommend annuitizing at least 25% of savings to generate guaranteed income in retirement, clients should weigh other options before making a decision.

People who were born in 1960 and later can start collecting Social Security retirement benefits as soon as they reach 62, but their full retirement age has been increased to 67.

Knowing full retirement age is a key to developing a claiming strategy that will enable pre-retirees to maximize Social Security benefit.

Knowing full retirement age is a key to developing a claiming strategy that will enable pre-retirees to maximize Social Security benefit.

With the full retirement age increased, the advantages of waiting until age 70 have been somewhat diminished.

With the full retirement age increased, the advantages of waiting until age 70 have been somewhat diminished.

A retired substitute teacher can expect a two-thirds cut to her Social Security spousal benefits because of the government pension offset provision.

A retired substitute teacher can expect a two-thirds cut to her Social Security spousal benefits because of the government pension offset provision.

92% of 401(k) participants are unaware of the fees they pay in their plans, creating the potential to lose a substantial amount of retirement savings

A survey has found that running out of savings and lack of Social Security benefits tops the list of concerns.

Many pension plans are facing financial woes, with many of them reducing pension payouts to their beneficiaries.

Underestimating longevity is one of the blunders that clients should sidestep when preparing for retirement.

Clients should consider switching to a Roth IRA or Roth 401(k) as investment growth and distributions are not subject to tax.

Although clients pay taxes on the contributions they make, they can still expect tax savings as their money grows tax-free and future distributions are exempt from taxes.

Investors are advised to reduce their risk capacity and get their portfolio ready for the distribution phase once they are within five years of their retirement.

Investors are advised to reduce their risk capacity and get their portfolio ready for the distribution phase once they are within five years of their retirement.