Tax planning

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.

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.

Contributing to these accounts makes sense for clients who anticipate higher tax rates in the future.

They are triple-tax advantaged, but also introduce significant challenges — especially for life partners with multiple accounts.

While seasoned employees won’t have to fill out the forms, all employees should be aware of how their tax situation may be affected.

The gender gap is alive and well when it comes to career timeouts and savings often take the hit.

Buyout amounts are high right now, but there are many other factors to consider when guiding employees to the right choice.