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

1 in 3 older workers likely to be poor or near poor in retirement

A recent report shows that one third of pre-retirees are likely to retire poor or near poor as a result of a significant decrease in employer-sponsored retirement savings plans over the past decade and a half, according to this article on Time Money. The number of workers between 25 and 64 who have access to these plans decreased to 53% in 2011 from 61% in 1999, the report says. The decline can be attributed to various factors, such ineligibility for not having a job and decision to opt out, the research found. –Time Money

The single most obnoxious retirement fund fee: How to dump it

Investors may not be aware they are paying exorbitant 12b-1 investment fees that silently eat away a substantial amount of their retirement savings, according to this article on Forbes. These annual marketing or distribution fees on mutual funds amount to as much as 1% of a fund's net assets, according to ThinkAdvisor.com. Although the Securities and Exchange Commission is aware that these fees are hidden in other fund expenses but the fund company is not required to disclose who gets the money. –Forbes

When it comes to stocks vs. cash, follow Buffett’s lead

Contrary to what many investors think, stocks are safer than cash when it comes to investing, says Warren Buffett of Berkshire Hathaway. Stocks have a solid record of outperforming bonds, gold and other major investment vehicles, while cash declines in value because of inflation, says Buffett, adding that volatility should not be equated with risk. "Though this pedagogic assumption makes for easy teaching, it is dead wrong: Volatility is far from synonymous with risk. Popular formulas that equate the two terms lead students, investors and CEOs astray." –MarketWatch

Can your retirement survive a financial shock?

Clients are advised to take heed to common financial wisdom to prepare for financial disruptions in retirement, according to this article on CBS Moneywatch. To get ready for a financial crisis during the golden years, clients need to set aside their payroll raise, spend wisely, remain healthy and competent at work and save aggressively. Investors also need to protect most of their retirement savings and only risk a portion that they can spare. –CBS MoneyWatch

How to pick the best place to retire

Retirees who consider relocating to another place should not only focus on climate as the key to aging successfully is living a meaningful and purpose-driven life, according to this article on Kiplinger. Oftentimes the decision is also based on the view of retirement as a singular stage rather than a series of phases in life, experts say. Read the tips on how retirees can make better decisions when choosing the best place to retire. –Kiplinger

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