Our daily roundup of retirement news your clients may be thinking about.

 Top 10 affordable retirement hotspots

Algarve, Portugal, Cuenca, Ecuador, and George Town, Malaysia, are among the 10 places in world where American retirees can get the most for their money, according to this article in U.S News & World Report. Northern Belize, Dumaguete, Philippines, and Pau, France, also offer lower cost of living, enabling retirees to enjoy life without spending too much. Medellin, Colombia, Abruzzo, Italy, Pedasi, Panama, and Istanbul, Turkey, are also landed a spot in the 10 best places for retirees to live. –Yahoo Finance

Why you should think twice before choosing a Roth IRA or Roth 401(k)

The amount of taxes and the tax deductions after retirement can help pre-retirees determine whether contributing to a Roth account would be a wise move, according to this article on Time Money. Sample computations show that the pre-retirees might end up having bigger savings with a traditional IRA or 401(k) plan than with a Roth account after 10 years. After retirement, clients may move to a lower tax bracket and qualify for tax deductions, subsequently reducing the taxes they will pay on their withdrawals. –Time Money

What is the best way to invest your IRA?

Understanding the different types of IRAs is the first step for investors to determine the best way to invest the account, according to this article on The Motley Fool. They also need to know the IRA type that will be most suitable to them based on their circumstances. When picking the types of asset categories to invest in, there are a number of considerations to make, but a low-cost index fund is a good option for starters. –The Motley Fool

How to overweight your portfolio for more retirement income

Holding an overweight portfolio by investing in utilities, real estate, telecommunications, and consumer staples can help retirees increase their investment returns, according to this article on Forbes. One effective way to tap into these categories is through the use of ETFs. Investors may also consider investing in individual securities to achieve the same results. –Forbes

The right way to tap income in retirement

Investors who will soon stop their saving and start taking withdrawals from their retirement accounts are advised to consolidate their accounts and opt to reallocate their assets to curb investment risk, according to this article on Time Money. They should also determine their budget after they retire so they can develop an appropriate income strategy. Once they do this, they may now find the most suitable approach on how they can integrate their withdrawals from their retirement account and Social Security benefits to create a steady income stream. –Time Money

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