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

Are your clients emotionally ready for retirement?
Clients need to prepare emotionally for retirement as the transition can be stressful, according to this article on The Motley Fool. They are advised to plan the activities that will keep them busy with all the extra time they will have, as well as nurture their social lives by making new friends. Also, they are advised to pursue things that will make life more meaningful and work with their spouses on how they can spend time together without unnecessary problems.  --The Motley Fool

Robo advisors are planning your retirement party
Based on data from research and advisory firm Aite Group, portfolios managed by robo advisors increased 160% to $5.1 billion in 2014 compared with 2013 figures, according to this article on MarketWatch. Traditional financial advisors who charge 1% in fees are compelled to offer more than the usual services in order to compete with these low-cost services. "Not everyone can justify why their fees are higher," says Pinnacle Advisory Group's Michael Kitces.  --MarketWatch

Canadian citizens can qualify for U.S. Social Security
A Canadian citizen who is married to an American and working in the U.S. is eligible to receive a spousal benefit or pension benefit after getting 40 credits, according to this article on USA Today. "But if the pension is from a spouse vested in the Social Security system in the U.S., there may be some offset depending on the size of the Canadian pension," says an expert with the Social Security Administration. The U.S. and Canada forged an agreement "on how to calculate benefits if the person has paid some into Social Security as well as a pension from their own country."  --USA Today

Tools to help your clients with their 401k
There are manual and fully automated tools and resources that clients can use when investing in a 401(k) retirement plan, according to this article on Forbes. One of the robo advisors on the market, Blooom, is designed specifically for 401(k) participants as it has access to most accounts while there are other tools such as Future Adviser and Morningstar that also provide assistance. Excellent books that provide a wealth of information to 401(k) investors are "The Bogleheads' Guide to Retirement Planning," "All About Asset Allocation" and "Unconventional Success."  --Forbes

Help clients find a retirement job
To know if working during retirement years is a good option, retirees are advised to consider the benefits that come with the job, according to this article in U.S. News & World Report. Getting a job may also be a good idea if it offers flexibility and further hone professional skills. Retirees who opt to work again need to manage their expectations and build a good relationship with people in the workplace.  --Yahoo Finance

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