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

How to use a 401(k) or IRA to buy real estate overseas

Clients who want to buy a real estate property abroad using assets in their 401(k) plan or IRA should take the necessary actions that will make the funds readily available when they need it, according to this article on Yahoo Finance. They also should buy the property solely to generate income and title the property in the name of their IRA, its LLC or 401(k) trust. Clients who buy a real estate overseas using money from these retirement accounts need to avoid financial structures and companies to invest the property and should never live in it. –Yahoo Finance

Why probability software is unreliable for retirement planning

Clients should not rely on probability-based retirement software when planning for their golden years, according to Nasdaq. While a retirement number can be inaccurate and unclear, it is based on future equity market returns and other unpredictable economic indicators, an analyst says. "After all, this number must be invested somewhere in order to produce income, and the portfolio return process is inherently random.” –Nasdaq

How Social Security can cut workers’ benefits

Older workers who are receiving Social Security benefits will be subject to an earnings test and may expect reduced benefits if their wage income exceeds a certain threshold, according to Money. For those who are below the full retirement age, the benefits would be reduced by 50 cents per every dollar above the income threshold, but the reduction will be lower when they reach the age of 66. The earnings test could also mean cuts to spousal, dependent and other benefits on their records. –Money

Retirement may be dicey for single women

A survey by the Employee Benefits Research institute found that 40% of single women have less than $1,000 in retirement savings and are likely to experience financial woes in their golden years, according to this article on CNBC. Unmarried women "lack the financial security of a dual-earner household to support their retirement savings, along with the added income associated with dual Social Security and a spouse's retirement benefits," an expert says. –CNBC

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