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

How retirees can survive - and thrive - during stock market volatility

Retirees need to realize that pullbacks and corrections are part of investing, so they are advised not to panic when the market gets volatile, according to this article on Forbes. A market downturn can also work for them as it offers bargains with bright investment prospects. Making a Roth conversion can be a good tax strategy during a period of market loss. –Forbes

RMD rules for older workers

While retirees who continue working at age 70½ are exempted from taking a required minimum distribution from their retirement accounts, those who hold 5% ownership of a business are required to take their RMD, , according to this article on Kiplinger. Business owners also are required to start taking an RMD from a Simplified Employee Pension or SIMPLE IRA when they turn 70½, since these accounts enforce the rules for traditional IRAs, which are subject to RMD after account holders hit such age regardless of their employment status. –Kiplinger

Finding the right stock/bond mix in retirement

Many retirees opt to remain invested considerably in equities because they expect to live longer and want to avoid outliving their nest egg, according to this article on Morningstar. Those whose allocation is heavy on stocks made the decision because they intend to leave something to their loved ones when they die. Other retirees who also decided to keep their stock investments say that they enjoy some financial freedom because of the required minimum distributions from an IRA or retirement-plan account, pension or Social Security benefits they received. –Morningstar

Avoid this common retirement planning mistake

A survey shows that people make the mistake of thinking more about their fantasies in retirement than planning for their day-to-day activities in their golden years, according to this article on CBS Moneywatch. Those who are planning about how their normal day in retirement will be may consider working part-time or volunteering, doing pursuits that will keep them healthy and spending time with family members who are in need of help. –CBS Moneywatch

45% of Americans face a retirement crisis: How 3 states are fighting back

Median working-age Americans have saved just $2,500 on average for their golden years, according to a study by a researcher with the University of California Berkeley. This is because a workplace retirement plan is not accessible to more than 45% of workers aged 25 to 64. California, Oregon and Illinois are addressing the problem, creating a state-run retirement program for those who have no access to 401(k) plans. –The Motley Fool

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