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

Why lump-sum payment should be part of Social Security: Opinion
A survey finds that delaying Social Security retirement benefits would be a more attractive option for people if they would be allowed to get a lump sum payment of the unclaimed benefits from age 62 up to the time they apply for Social Security, writes an expert. "In our experimental survey, we found people would delay claiming benefits for about half a year, and they would work about a third to a half of the extra time. All of that takes place without costing Social Security a penny."  --MarketWatch

Clients nearly retired? 3 issues to discuss to keep their money safe
Pre-retirees need to have a clear picture of what they intend to do to make sure they won't outlive their retirement savings, according to USA Today. They are advised to create a realistic budget and hold an emergency fund that can cover at least 12 months of living expenses. They also need to ascertain the sources of their income after retiring and determine the risk level they can take without increasing the odds of outliving their nest egg.  --USA Today

How clients should plan for retirement in their 30s
Clients in their 30s need to plan on how to save for retirement to ensure they will have a comfortable life in their golden years, according to the personal finance website Motley Fool. If they aim to have $1 million in their nest egg by age 65, they are advised to save between $263 and $436 monthly, making the most of the time they have to allow their money to grow through compounding. To accomplish this, they can invest in a standard brokerage account, take advantage of their employer-sponsored retirement plan and open a traditional/Roth IRA.  --Motley Fool

What same-sex couples need to know about Social Security
Married homosexual couples who had been denied Social Security benefits in the past are advised to call the Social Security Administration to determine what action they need to take after the Supreme Court upheld same-sex marriage as constitutional, according to experts. The high court ruling signifies that same-sex couples are entitled to all benefits that conventional couples get. For example, a client who gets a smaller income should get spousal benefits and is eligible to widow's benefits if his or her spouse passes away.  --Money

Social Security vs. State Pensions
Workers who will get a pension in retirement can expect reduced Social Security benefits because of the "windfall elimination provision." according to this column in the Los Angeles Times. People who received "substantial earnings" for at least 30 years from jobs covered by Social Security are exempted from this provision, according to the article. Resigning from a job offering a pension in an attempt to raise Social Security payouts could be a wrong move.  --Los Angeles Times

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