Tax planning

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.

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

Those with 1099 income have several tax-advantaged options.

Careful planning can help prevent workers from shrinking their benefits based on misperceptions.

Funding a 401(k), 403(b) or company-sponsored retirement savings vehicle should come first, an expert says.

Some seniors are missing out on a potential 20% tax deduction, and “no one is talking about what a wonderful retirement planning technique" it is, says an expert.

Seniors in this position may face a tax bill and possibly a penalty if they dip into their 401(k) prematurely, says an expert.

A 67-year-old wife collecting spousal benefits will be better off waiting until 70 before shifting to her own retirement benefit if she remains healthy, according to this Q&A article.

Cuts in Medicaid could prove disastrous for low-income retirees who rely on the program for nursing home care, experts say.