Tax

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.

Aside from income taxes, retirees will also pay consumer taxes and may face a 3.8% Medicare surtax.

The spike in the number of older employees in the workplace reflects a trend over the past decade.

The HSA has become increasingly valuable for future medical expenses, "and the triple tax benefit simply can’t be ignored,” an expert says.

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.

While it’s recommended they have at least three sources when they retire, just 6.8% of savers have done so, according to a report.

“The advice I give is to calculate the financial impact for each option,” an expert says.

This rise of the so-called grey divorce has created a number of uncommon and complex issues for retirement accounts.

Ill-prepared investors are advised to vigorously plan their expenses and aggressively save in their 401(k)s and IRAs.

The accounts will be managed through Wealthscape, allowing advisers access to their client’s finances to help manage rising healthcare costs.