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

Going back to school in retirement
Seniors who consider going back to school are advised to check colleges that offer free classes for retirees and get a tuition waver, according to this article in U.S. News & World Report. They are also advised to enjoy campus amenities and even consider living on campus. Retirees also should take classes reserved only for seniors and consider taking online courses if going to school is difficult because of poor health conditions.  --Yahoo Finance

What if clients just can't afford to fully retire?
Pre-retirees who consider taking partial retirement are advised to determine the benefits they would get from such a goal and find possible ways to obtain these benefits, according to this article on CBS Moneywatch. The advice is based on a technique in a book written by Stanford University's Bernie Roth. By knowing the positive and negative reasons, clients can identify the benefits they gain from retirement and think of ways on how these benefits can be achieved.  --CBS Moneywatch

6 tips for clients when investing a lump sum
Retirees who received a lump sum distribution of their pension need to use a dollar-cost averaging strategy to determine whether it's wise to invest the money all at once or over a certain period, according to this article on Forbes. They are advised to review and modify their investment strategy if the lump sum is bigger than 20% of their current savings. --Forbes

4 key rules for claiming Social Security’s spousal benefits
Based on Social Security rules, clients cannot file for a spousal benefit if the spouse hasn't started collecting his or her own retirement benefit, according to this article on Time Money. Also, clients will be deemed applying for their own retirement benefit if they file for a spousal benefit and they cannot suspend their benefits before they have reached their full retirement age. Those who opt to collect spousal or their own retirement benefit before full retirement age can expect their benefit's value to be reduced by up to 35%.  --Time Money

The famous 4% rule can doom your retirement
Retirees need not stick to the 4% withdrawal rule when tapping their retirement savings, according to this article on The Motley Fool. Clients may take withdrawals that are less than 4% yearly if they can scale back their lifestyle or withdraw higher than the rate if they retired late and don't expect to live longer. A reduced withdrawal rate is advised if the market declines or they need a smaller amount to cover their overall expenses. Claiming Social Security benefits can also help to boost income and rely less on retirement savings.  --The Motley Fool

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