Weekly Roundup Sept. 2 - 6, 2019

Anne Stanley

Among the best stories from Retirement Daily for Sept. 2 - 6: The four things you need to come clean to your financial adviser about, where to find dental care, and avoiding a terrible Social Security phone scam.

Adviser Joseph Clark says the financial decisions you fail to share with your adviser can do more harm than good. He writes in a guest column this week: "How often have you sat in the doctor's office with an ailment that you don't mention? Going to the doctor and not telling the truth is not only counterproductive but can be quite dangerous. The same is true with your financial adviser. Many aspects of the financial world impact other areas of your life. Financial decisions not shared with your adviser could negatively impact your current financial journey. This article covers four things you will wish you told your adviser (and still can): Undisclosed assets, issues with children or the spouse, health concerns, and debt -- especially debt hidden from a spouse." Read more in Four Things Not to Hide from Your Financial Adviser.

And in case you missed them, here are more great stories from Retirement Daily:

Smile: How to Get Dental Care

Many retirees, and those saving for retirement, know about Social Security, and Medicare, 401(k)s and IRAs, but they're still caught off guard when it comes to dental and vision care. You may have had good, or even very good, dental and vision benefits through your job, but when you (or your parents) retire, you may be without coverage at a time when you need it the most. Even if you've flossed every day and gotten good checkups regularly, or have great genetics -- there are no guarantees. The fact is, oral health is in a state of decline in older folks, and many people forgo essential care due to the costs. Jeanette Pavini rounds up the resources retirees need to find dental care.

Ask Bob: Claim Social Security or Draw from 401(k)?

Question: I turned 62 in 2018 and my spouse turned 70. My spouse was a higher income earner than I and gets about $2,100 a month, plus a private pension that I will not receive after her death. We are both currently drawing from our 401(k)s (mine is the larger of the two) for living expenses as I am working very little by choice. Would it be better for me to start Social Security early and try to reduce the draw on the 401(k) or wait a few more years for my benefit to increase? By the way, we are both in very good health.

Answer: There's a lot to consider when contemplating when to take Social Security or draw from your 401(k), says Holly Gillian Kindel, managing partner at Your Mental Wealth Advisors.

New Retirement Research

Here are some of the latest reports, surveys, and studies related to retirement, including research into long-term planning, Medicaid coverage, and divorce and financial-risk decisions.

'Your Social Security Number has been Suspended!'

No, it hasn't. Take that, you phone scammers! Here's how to recognize the trap and help keep others from falling in.

New Investments and Products for Retirement

The following are new investments that those saving for or living in retirement might consider for their portfolios. This week: A new ETF that gives exposure to the municipal bond market.


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