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

Is Social Security disability taxable?
Clients may pay taxes on their Social Security Disability Insurance benefits if 50% of the benefits and their other income exceeds $25,000 (for singles) or $32,000 (for couples filing joint returns), according to The Motley Fool. If they receive Social Security disability benefits under the Supplemental Security Income program, clients will face no tax liability since the program is for those who have limited income and financial resources. –The Motley Fool

Image: Bloomberg
Image: Bloomberg

4 good reasons for retirees to maintain strong credit
Although many people want to pay off their debt by the time they retire, seniors will be better off keeping a strong credit profile in retirement, according to Kiplinger. Enjoying a good credit score will enable retirees to help their children or grandchildren get funds for important expenses, such as college tuition, and co-sign a loan. Having a good credit profile also will increase the odds of obtaining a low mortgage interest rate if they decide to downsize and of getting admitted to an assisted-living facility or nursing home. –Kiplinger

Investing after you retire -- 3 challenges and how to overcome them
Determining a suitable withdrawal rate is one of the challenges that clients face if they want to continue investing after retirement, according to Forbes. Also, knowing the right asset allocation for their portfolio as well as the right withdrawal sequence can also be challenging as these pose issues they need to address. Know more about these challenges and what investors can do overcome them. –Forbes

Don't make this gigantic Social Security mistake
Instead of using break-even analysis to decide on what age to start collecting Social Security retirement benefits, clients are advised to delay their benefits until they turn 70, according to CNBC. Seniors can expect extra amount if they opt to collect their benefits starting at age 70. Social Security should be viewed as an insurance policy rather than an investment, and waiting until they reach 70 will help them address the risk of outliving their retirement funds. –CNBC

Grads: How to save pennies now and retire rich
New graduates who want to start building their nest egg early on are advised to find ways on how they will repay their student debt, reduce their spending and sign up for their employer-sponsored retirement plan as soon as they get hired, according to MarketWatch. They also should develop a sound financial plan, a good life plan and an investment portfolio that is globally diversified. Fresh graduates will end up financially secure in retirement if they invest in themselves, become savvy with money, educate themselves about personal finance, defer their plans to buy a home and account for inflation and other realities when making a financial decision. –MarketWatch

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