As more and more of your baby-boomer clients enter retirement and start drawing down the assets you’ve helped them accumulate, how can you effectively service their distributions? Arguably, one of the best methods for managing retirement assets for longevity is the bucket strategy. In addition to strategically investing your clients’ assets for different time frames and needs, this approach can help reduce your clients’ fears about outliving their savings.

According to CNBC, 10,000 baby boomers reach retirement age each day. As such, you are likely seeing large portions of your client base transitioning into the retirement distribution phase. Their assets in defined contribution plans will need to be rolled over and managed by a competent professional. Considering the tremendous wealth held in retirement plans (and the fact that boomers number more than 70 million), this represents a significant opportunity for you.

To help you seize this opportunity, here we’ll discuss four steps to guide your clients into retirement. By developing a solid retirement income planning process, you’ll help your clients make their money last and establish yourself as a go-to retirement resource.

Even today, living to age 100 is considered an impressive accomplishment. But it isn’t as rare as it used to be, thanks to the efforts of those in the medical research field. In fact, according to an article published on DailyMail.com last year, Dutch scientists believe that life expectancy will increase to an astonishing 125 years by 2070! While this may be welcome news to many, it has created new pressures for the financial planning community to help clients prepare for retirement income needs that go past the long-accepted mark of age 90.

Roth IRAs can be extremely efficient retirement savings vehicles. They are funded on an after-tax basis, and as a long as certain requirements are met, distributions are free of tax and penalty.

Clients can fund their Roth IRA in one of two ways: via annual Roth contributions or by converting assets from a qualified plan or another type of IRA they already own. But whereas annual Roth contributions are subject to modified adjusted gross income (MAGI) limits, Roth conversions are not. It’s one of the reasons any of your clients could decide to convert assets to a Roth IRA.

Over the past few years, the health savings account (HSA) has increasingly been referred to as an exceptional retirement savings option. But what exactly are HSAs, who is eligible to open them, and what makes them so great? And—most important—how can you, as an advisor, get involved in the HSA business?