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

No bargains on Roth IRA conversions this Friday

Clients who consider doing Roth IRA conversions this month are advised to defer their plans as they won't get the benefits that those who did the same conversion two years ago had received, according to this article on MarketWatch. Market conditions have changed and are unfavorable for Roth IRA conversions. The income tax to pay for doing the conversion may not be worth the potential appreciation they will get over a period of time, unless there are losses that will offset the income. –MarketWatch

Retirement: Low-cost holiday gift ideas

Retirees may consider shortening the list of people they intend to give presents to lower the cost of holiday gift-giving, according to this article on USA Today. Instead of buying new gifts, they may consider giving away family heirlooms or sentimental items to loved ones and donating to charities or people in need. Sharing time and talent is also one way of giving presents during the holiday season, while throwing a white elephant gift-exchange party is another option to avoid spending too much on gifts. –USA Today


Make your money last in retirement

Buying an annuity is a good strategy to ensure clients will have a steady income stream through retirement, according to this article on Forbes. Clients can also avoid draining their nest egg in retirement if they have low housing costs, retire in a community with low cost of living, and opt for a Medicare supplement. Creating a post-retirement career and trimming expenses permanently are also smart moves to avoid outliving retirement savings. –Forbes

3 smart year-end moves for retirement savers of all ages

As the year ends, retirees need to be reminded to take required minimum distributions from their tax-deferred retirement accounts especially if they are 70 1/2 years old or older, according to Time Money. Pre-retirees who think that they won't need to take RMDs in retirement are advised to convert some of their assets in these accounts to a Roth IRA. For young workers, increasing their saving rate is a smart move, as they will end up with a sizeable nest egg because of compounding over a long period of time. –TimeMoney

How retirement benefits will change in 2015

Retirement savers need to know that there will be major changes to the rules for Social Security, Medicare, their IRAs and 401(k) plans, which will take effect in 2015, according to this article in U.S. News & World Report. Read the new changes that will have a significant impact on retirement benefits next year. –DailyFinance

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