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

Solving a retirement saving puzzle

Workers who want to start building a nest egg without depriving themselves of a good lifestyle should consider stashing 15% of their income in retirement accounts, based on the recommendation by Fidelity Investments and the Boston College Center for Retirement Research. The recommendation is made if clients start contributing in their 20s or 30s, intend to retire full time and continue their standard of living after retiring, and their savings' returns are within historical levels. – CBS Moneywatch

Can an ESPP save your client’s retirement?

Investing in company stock through an employee stock purchase plan can be a good option for workers not only to cover their short-term needs but to supplement their retirement funds in the long term, according to Forbes. However, clients need to make sure they develop a strategy to sell the shares, pay taxes and diversify their portfolio. – Forbes

Final weeks for Social Security ‘file and suspend’

Seniors who turn 66 before May 1 only have a few weeks left to use the ‘file-and-suspend’ strategy in claiming Social Security, according to this article on The Wall Street Journal. Such a strategy, designed to maximize their retirement benefits, will no longer be allowed under the new law. Another claiming strategy -the restricted application strategy- may also be used by clients who were at least 62 by Jan. 1, 2016 when they reach their full retirement age. – The Wall Street Journal

Is a mandatory retirement savings plan in your client’s future?

Experts are pushing for a mandatory retirement savings program for all Americans to help address the country's looming retirement crisis, according to Money. The current retirement saving system is inadequate in securing people's retirement, while only about 40% of pre-retirement income is replaced by Social Security, the experts say. – Money

Why retirement gets tricky when the stock market is down

Clients who are retiring in a down market are advised to suspend their plan and continue working to give their investments more time to grow, according to Fortune. Another way to ease the transition into retirement is to stash an amount to cover a year's worth of living expenses in an emergency savings fund. This will enable them to have some cash to tap into when things get worse, says a financial adviser. – Fortune

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