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

CDs back in fashion for low-risk yield
A certificate of deposit is an attractive option for retirees who need yield from their investments as they pose no risk to the principal, with accounts up to $250,000 protected by the Federal Deposit Insurance Corporation, according to CNN Money. CDs can also generate return without taking on extra risk, as two-year CDs can be sold with an annual percentage yield of 1.25%, higher than the expected yield from current two-year Treasury rates. Retirees can also get 1.45% yield for three-year CDs, or more than 2% for five-year CDs.  --CNN Money

Fear running short of cash in retirement? What to do
Clients who are concerned that they will run out of money when they retire have options to augment their retirement income, according to USA Today. One way is to turn their hobbies into a source of additional income. They may also opt to rent out vacant rooms in their houses, like a hotel room or a bed-and-breakfast to transients in their area. Clients can also sell their properties faster if they move in, since buyers are not lured to buying vacant homes.  -- USA Today

5 retirement planning game-changers
The Roth IRA and sophisticated Social Security calculators are among the major developments over the last 10 years that have changed the way people plan their retirement income, according to MarketWatch. Other developments that also changed the process of retirement income planning include academic research, specialized retirement income planning designations, and the Great Recession. These developments are game-changers and prompt people to have a plan to secure financial security in their golden years.  -- MarketWatch

Out of work? Advisors offer important 401(k) dos, don'ts
Workers who resigned from work have to roll over their 401(k) plan with their previous employer into an individual retirement account to gain control of it and avoid higher costs, according to CNBC. Those who intend to withdraw the funds need have a good strategy to do it since there are taxes involved, while jobless clients who have existing 401(k) loans still need to fully pay the debt. Being unemployed also gives people the opportunity to be in a lower tax bracket and to convert their 40(k) funds into a Roth IRA.

-- CNBC

Top 7 retirement milestones you need to know
Clients must view retirement planning as a process that goes on through their golden years and may need adjustments to keep them on track, according to U.S. News and World Report. While the changes may involve investment portfolio and the rate of return, retirees should realize that there are milestones that offer an opportunity for them to maximize benefits as they age. The article identifies these milestones in their retirement years and the benefits that are available to them when they reach a certain age.  -- Yahoo Finance

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