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

Help investors avoid this IRA mistake

Many IRA investors make the mistake of having an extreme stock-and-bond allocation, according to this article on Time Money. To monitor how they invest their retirement funds, clients are advised to evaluate their asset allocation in their IRA as well as their 401(k) and other taxable accounts and determine their risk exposure. They may then come up with a new asset allocation target especially if they are approaching retirement, and promptly implement the changes. –Time Money

Social Security: Will you get your money's worth?

Some retirees will receive more than what they deserve while others will get less from Social Security because of their demographic group and their life circumstances, according to this article on CBS Moneywatch. Generational cohorts can also expect different figures from the money's worth calculations as a result of changes in Social Security's benefit and tax structure. Clients also need to know that the higher their income and year of birth are, the lower their money's worth ratios, while one-earner couples will enjoy the highest money's worth ratio. –CBS Moneywatch

There's a better way to plan retirement withdrawals

Instead of relying on existing retirement withdrawal strategies, retirees can conduct a new planning analysis on their own or with a professional planner every year and adjust the results accordingly to have a better withdrawal rate, according to this article on MarketWatch. The withdrawal rate from this strategy will be based on 25% of a planner's analysis and 75% of their inflation-adjusted spending budget the previous year. –MarketWatch

Retirement: What the new Congress has in store

The new Congress may consider curtailing some tax breaks on retirement accounts, and the changes would mainly affect people in the higher-income group, according to this article on USA Today. Retirees and pre-retirees should not be alarmed by this possibility, says Ed Slott, a CPA and retirement expert. "They will talk about it. They will just trim around the edges. It's like a third rail — nobody wants to touch that," Slott says. –USA Today

Three things to do with your retirement savings hodgepodge

Many people are good retirement savers but they don't have a well-coordinated plan to use their retirement funds, according to an article on Forbes. To develop a plan that will harmonize their retirement investments, they are advised to assign a purpose for each account they hold. They should also limit the types of investments meant for retirement and need to take full responsibility of their portfolio. –Forbes

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