Retirement Trends

These accounts come with tax implications and some planning strategies your clients might not know about.

"Employers have invested heavily in retirement programs, but the next challenge is proving these programs are moving employees closer to retirement readiness," said Chris West, Senior Managing Director and Defined Contribution Strategy Leader, WTW.

"Closing the financial literacy gap requires coordinated action from governments, employers and financial institutions," the report concluded.

"The goal is not simply to adopt AI, but to implement it in ways that strengthen service, improve efficiency and maintain the trust of members and retirees," said Hank Kim, CEO of the trade association NCPERS.

The SMART Savings Act would prevent Labor from resurrecting a fiduciary rule.

Advisors can help clients make the most of their healthy years to enjoy trips without depleting savings.