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

How to maximize Social Security benefits
Nearly 60% of retirees polled by Franklin Templeton Investments started collecting Social Security retirement benefits before reaching their full retirement age, according to an article on CNBC. About 16% file for their benefits when they reach their FRA, with 7% of the respondents deferring their benefits after hitting FRA. According to the Social Security Administration, retirement benefits are reduced by as much as 30% if clients opt to retire as early as 62.  --CNBC

The new retirement minimalism: Get rid of your ‘stuff’
Springtime is an opportunity for retirees to get rid of stuff in the house that have accumulated for years and are no longer needed, according to this article on MarketWatch. Life and house choices can be difficult because of these unnecessary home items, from furniture to old receipts. Spring-cleaning will give retirees new housing options, make retirement life less complicated and mean giving away valuable keepsakes to families and friends.  --MarketWatch


Why we need to kill the Social Security number
The federal government should stop using Social Security numbers to identify taxpayers as it is used by fraudsters to steal people's identity and claim tax refund on their behalf, according to this article on Time Money. The IRS has blocked 19 million fraudulent tax returns and prevented suspicious refunds worth more than $63 billion from April 2011 through the fourth quarter of last year. Scammers could amass $26 billion in fraudulent tax refunds into 2017, according to the Treasury Inspector General for Tax Administration.  --Time Money

4 ways retirement is like baseball

Just like in baseball, clients also take the same steps to secure their finances in retirement, according to this article in U.S. News & World Report. They need to develop a retirement plan and take the first steps in rolling out their plan. They also have to make the right decisions through the years to protect their savings and make last-minute changes when they retire to enjoy their golden years.--Yahoo Finance

Voices: Robert Laura, on helping clients achieve ‘retirement wellness’
Financial advisors need not portray retirement to be a long vacation that clients take, according to a guest contributor to the Wall Street Journal. That view may prompt them to offer advice that could make clients regret instead of feeling fulfilled through the golden years, according to this article.  --The Wall Street Journal

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