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

Adding energy stocks to your retirement fund may be a smart move
Although gas prices are on a decline, retirement investors are advised to rebalance their portfolio and consider adding energy and foreign stocks to their holdings, according to Anthony D. Criscuolo, a certified financial planner with Fort Lauderdale, Fla.-based  Palisades Hudson Financial Group. This move will enable clients to protect their retirement portfolio, Criscuolo says. "If you allow your portfolio to simply 'follow the market' and then never or infrequently rebalance, you will end up with high allocations to assets that have done well recently and low allocations to investments that have performed poorly recently," a decision that could boost risk exposure over time, he explains. --CBS Moneywatch

Obama would block strategies to pump up Roth IRAs
The proposed budget unveiled by President Barack Obama includes measures that would disallow the back-door route into Roth IRAs and prevent after-tax 401(k) contributions from being rolled into a Roth IRA, according to this article in The Wall Street Journal. The proposal also would scrap a tax provision that enables 401(k) participants to transfer winning company shares to a taxable brokerage account at retirement, a measure that could reduce taxes over time, says Jeffrey Levine, an expert with New York-based Ed Slott & Co.  --The Wall Street Journal

What women need to know when they retire
Young female workers who engage in retirement planning need to hurdle some challenges that are different from what their male counterparts face, according to this article on MarketWatch. One of the differences is that women are expected to live longer than men. Another challenge is that female workers stay in the workplace for a shorter period of time compared with male workers, with more women than men working on part-time basis.  --MarketWatch

Social Security Q&A: Can I collect a survivor's benefit at 62 while on disability?
A 62-year-old client who receives disability benefits may apply for a widower's benefit on his wife's record if her primary insurance amount exceeds his disability benefit, according to this article on Forbes. He is also eligible if he became physically impaired within seven years after she died. The amount he'd receive would be the difference between his survivor benefit and disability benefit, so it's possible he would receive nothing if his disability benefit is bigger.  --Forbes

3 reasons now is the best time to open an IRA
One reason why clients who have no IRAs need to open one is because they could qualify for a substantial tax benefit, according to an article on The Motley Fool. Another reason why the time is now to contribute to an IRA is because they can make contributions for 2014 and 2015. Starting an IRA immediately is a good idea because the savings growth potential will be bigger if it is given more time to grow through  compounding.  --The Motley Fool

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