Beneficiaries who postpone claiming Social Security past full retirement age have the option of receiving a lump-sum payment for up to six months of benefits when they finally apply.

Taking this quiz may help increase understanding of estate planning.

These plans have generous contribution limits that increase with age, which may allow high-income business owners to catch up on retirement savings and significantly reduce their taxable incomes.

The day-to-day demands of supporting multiple generations can take a toll, but planning and support might help achieve a workable balance.