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

Bogle on Brexit and other threats to global markets
Retirement investors should still put their money to work despite uncertainties due to recent events worldwide such as U.K.’s possible exit of the European Union, the U.S. Presidential election and China’s slowdown, says Vanguard founder Jack Bogle. "I think whatever your view of the world is, you have to invest," says Bogle. "The alternative is – I mean, the only way to guarantee you will have nothing at retirement is to invest nothing along the way." –Morningstar

John Bogle is the founder of Vanguard.
Bloomberg News

House upholds Obama "fiduciary rule" on retirement savings
House opponents of the "fiduciary rule" for financial professionals who provide advice to retirement investors failed to get the needed votes to overturn President Barack Obama's veto of a bill aimed at blocking the rules, according to this article from The Associated Press. Under these new administration rules, financial advisors are required to have their clients' best interest when giving investing guidance for IRAs and other retirement accounts. –CBS MoneyWatch

Taking the confusion out of the new Social Security spousal rules
While the Bipartisan Budget Act of 2015 has ended the restricted application as a claiming strategy for Social Security benefits, some retired couples may still use the strategy, according to this article on MarketWatch. The restricted application is still open to "dualie" seniors who were born on or before January 1, 1954. A "dualie" is a senior who is entitled to a Social Security retirement benefit and a spousal benefit on his or her spouse or ex-spouse's record. –MarketWatch

Puerto Rico: An ideal retirement haven right in your backyard
Clients who consider moving overseas in retirement may want to look at Puerto Rico as one of their options, according to this article on U.S. News & World Report. The country offers a warm climate and beautiful beaches, while its proximity makes it a convenient retirement destination. Currently, property prices in Puerto Rico are going south, while the country has become a tax haven with numerous tax break offerings for U.S. citizens. –U.S. News & World Report

3 common misconceptions about retirement planning
People need to avoid the common misconceptions when planning for their golden years, according to this article on Forbes. Instead of making the mistake of buying more bonds as they age, investors should base their asset allocation on their goals, risk tolerance and risk capacity. Although financial advisors are now required to act on their clients' best interest when providing retirement advice, investors should still check the professional's background before hiring him or her. Also, not all annuities are bad since some of them can serve their retirement income plan well if they use the product properly. –Forbes

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