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

Paying bills for adult children? Try tough love instead
Older people need to put their financial welfare first and strive to make their adult children become independent, according to MarketWatch. Retirees may not be helping their children grow financially or emotionally if they continue to support them. They also need to agree with their spouses on what to do with adult children who are still dependent on them for support. When older people decide to stop supporting their children, they can still help by giving advice on budgeting, finding a job, and other things that can help them become independent.  --MarketWatch

Alternatives to Retirement
More people are expected to continue working through their golden years, according to a retirement income specialist MGM Advantage. Retirees who opt to remain productive may cut back their working hours gradually instead of leaving their jobs, or they may take on a project-based, home-based, or part-time arrangement to spend less time at work, writes a Forbes contributor. Working for a non-profit organization is also a good idea for retirees who want a lower-stress environment, while clients who want to face new life challenges may try pursuing a different career, the contributor adds.  --Forbes

What to do with your old 401(k)
Workers who participated in their previous employer-sponsored 401(k) plan may leave their money in the plan or transfer it to their new employer's plan, according to USA Today. They may also roll their 401(k) money into an Individual Retirement Account, receive a lump-sum contribution, or create a Roth or in-plan Roth conversion. This article discusses the options, as well as the benefits that clients can expect for pursuing these options.  --USA Today

Linda Fried on the future of retirement
As average lifespans in America have improved, the country should help build a society that will ensure the health and well-being of retirees, and allow them take important roles and responsibilities in their communities, writes Linda Fried of Columbia University. In this article, Fried describes how older adults expect to live their daily lives in communities that fully integrate them. By including the older population and not separating them, retirement takes on a new meaning, enabling retirees to continue to play a role in leaving a better place for the younger generations, Fried explains.  -- Wall Street Journal

What to do after your 401(k) and IRA are maxed out
Retirement investors may consider creating a health savings account that come with high-deductible health insurance policies if they have already maxed out their 401(k) and IRA contributions, according to U.S. News and World Report. They may also consider contributing to a deferred variable annuity but need to know the issues involved in pursuing such an investment. Taxable accounts, such as mutual funds and ETFs, are also a very good option, as investors have complete control over these financial products.  --Yahoo Finance

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