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

How clients can turn 401(k) assets into income

Many retirees may not be able to cover their living costs with their Social Security benefits alone, so they need to earn from their 401(k) plans to augment their benefits, according to this article on USA Today. To know how to generate income from their 401(k) plans, clients may read a handful of personal finance websites for valuable tips. They may also consider consulting a financial adviser who is well-versed with retirement-income plans. – USA Today

Why investing is so complicated, and how to make it simpler for clients

Many retirees are faced with the complicated rules, procedures and requirements involved in investing, causing unnecessary stress, according to this article in The New York Times. To avoid the complications, clients may opt to invest in target retirement funds. Holdings in these funds will automatically shift from riskier stocks to less risky bonds as the funds approach the date clients intend to retire. – The New York Times

7 simple strategies to retire early

Clients who want to take an early retirement will need to determine the amount of income they will need to cover their costs and the size of their investment portfolio that will provide income in retirement, according to this article on Forbes. They also need to reduce their basic cost of living and avoid incurring loans and acquiring a house they won't need. Boosting retirement savings and income, as well as balancing their investment guiding principle will also help clients achieve their goal of retiring early. --Forbes

3 solutions to financial insecurity in retirement

Clients who want to ensure their retirement savings will be enough to cover their living costs through the golden years are advised to start determining the amount of money they need and how to achieve it, according to this article on The Motley Fool. They also need to stick to their retirement goals at all cost and avoid incurring any debt. – The Motley Fool

When is a surviving spouse subject to RMD from an IRA?

Clients who do a direct rollover of their deceased spouse's IRA into their own IRA will take their required minimum distributions at the age of 70 1/2, according to this article on MarketWatch. It's because the transferred money will be treated as if those assets have been theirs. They also have the option not to roll over the inherited assets to their own IRA right away if they are below 59 1/2, as early distributions could mean a 10% penalty. – MarketWatch

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