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

What is the penalty for cashing out an IRA certificate of deposit?

Clients have the option to invest in an IRA certificate of deposit to save for retirement, according to The Motley Fool. A CD offers better returns than a regular savings or checking account, and investors use money from their IRA to open an IRA CD through a brokerage firm. Clients will face a penalty if they cash out an IRA CD before a scheduled date but some banks may not charge the penalty if the withdrawal is made after the clients turn the age of 70 1/2. –The Motley Fool

HSA or 401(k)?

Retirement savers benefit more from a health savings account than a 401(k) plan, according to this article on Huffington Post. Aside from tax-exempt contributions to an HSA, investors can also expect tax-free growth and distributions will not be subject to tax if the money will be spent on qualified health expenses. However, clients are advised to use both the HSA and 401(k) plan to make the most of the tax benefits these savings vehicles offer. –Huffington Post

Would your clients give up their  401(k) information to score a free burrito?

Retirement account-management startup Blooom is offering $10 Chipotle gift card to clients who will give their 401(k) or 403(b) plan's login details, according to Money. The service firm will also provide free assessment of their retirement account. “People seem to be influenced much more by small discounts than economists would think they should or would be,” an analyst says. –Money

Your retirement savings are big enough, study shows

Americans who are stashing money in their 401(k), IRA and other taxable accounts are likely to end up having adequate savings in retirement, according to a study by researchers at Texas Tech University. It's because wealthy people see a decline in their expenses after they retire, the study found. “There is definitely pervasive underspending” among affluent seniors, says one of the researchers. –Yahoo Finance

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