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

Finding a retirement haven to suit you

Choosing the best place to retire is more than just comparing the locations' housing costs, local tax rates and overall climate, according to an article in The New York Times. Retirees need to ensure that the community they have chosen also provides their health care needs, shares their values, and offers social and cultural activities. It helps for those who consider moving to another place to do research about retirement communities "years in advance" to avoid disappointment and costly mistakes, says Jane Bryant Quinn, a personal finance journalist. – The New York Times

5 things to do now if you're near retirement
Workers who are approaching retirement are advised to have a financial plan or update it if they have one, according to this article on USA Today. Reviewing their credit report and saving for an emergency fund are also highly recommended. Pre-retiree investors need to rebalance their portfolios, while those with 401(k) plans are advised to max out their contributions. – USA Today

These are the best U.S. cities to grow old in
Madison, Wis., Omaha, Neb., and Provo, Utah, are among the U.S. cities that are best for people to retire in, according to the Milken Institute. Boston, Mass., Salt Lake City, Utah, and Jackson, Miss., are also included in the list of top 10 cities for retirees. Cities are rated based on factors, such as weather trends, crime rates and good medical facilities. – Yahoo Finance

13 reasons why a QLAC belongs in your IRA
Getting a qualified longevity annuity contract is a good option for workers with traditional IRAS, 401(k), and other approved retirement plans because it can help lower their taxes and required minimum distributions, according to this article on MarketWatch. QLACs also ensure that clients will get a lifetime income stream, their loved ones will receive the benefits when they die, and their principal is  protected. Other advantages of QLACs include an option for a contractual COLA, no annual fees, purely contractual guarantee terms, laddering income, and no indexed or variables. – MarketWatch

Social Security Q&A: If I delay benefits till 70, can I get 100% of my husband's after 66?
A wife is advised to prompt her husband to file for retirement benefit when he reaches his full retirement age and to suspend the benefit until he reaches 70, so she can apply for a spousal benefit on his record when she reaches her FRA, according to an article on Forbes. Her husband may start collecting his benefit at 70 and she can file for her own retirement benefit when she turns 70. Her husband may take his retirement benefit before reaching FRA if she is older than he is. – Forbes

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