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

States to help workers save for retirement
More states are passing legislation to set up automatic individual retirement accounts to help part-time and full-time employees who are not offered retirement plans by their employers, according to The Wall Street Journal. In Oregon, the third and latest state to enact such law, all employers are subject to the plan while employees are automatically enrolled but are given the option to decline. Connecticut is expected to enact a similar plan by next year while New Jersey and Massachusetts have pending legislations.  --The Wall Street Journal

The market correction and clients' retirement plans
Clients who are either nearing the retirement stage or have already retired are advised to examine their 401(k) retirement plans, according to this article on Kiplinger. They should look into their asset allocations, fixed income and equities to assess whether they have the right mix of investment funds based on their lifecycle stage. They may also seek help from their supporting investment advisory teams and look for relevant information in documents that can be obtained from their plan advisors. --Kiplinger

How clients can dispute Social Security's records of their earnings
Social Security may consider secondary evidence of wages in case people want to contest their earnings record in the agency, according to Forbes. Clients can investigate questionable records by checking their W-2s, however, old documents like these may not have been kept. Clients should check the correctness of their Social Security records every three years to avoid problems later on.  Forbes

The power of the backdoor Roth IRA
High-income clients should take advantage of the “backdoor” Roth IRA given the income limits for Roth IRA eligibility. This method involves the conversion of a traditional IRA into a Roth IRA, however, it may not be as simple as it seems because of the pro-rata rule. Tax complications can be mitigate by hiring a tax professional or a financial planner before rolling into a Roth IRA.  --Yahoo Finance

Half of homemakers have no retirement strategy
A survey by the Transamerica Center for Retirement Studies and the Aegon Center for Longevity and Retirement found that two-thirds of U.S. homemakers lack preparation for retirement, while 51% still need a strategy, according to CNBC. Eighty-one percent of homemakers are women, making them at increased risk of financial insecurity, as data show a greater likelihood for living longer and losing a partner among women, compared with men. The survey also found that most homemakers do not consider themselves habitual savers and are also more likely to link retirement to negative results.  --CNBC

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