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

It’s ‘back to the future’ for this 401(k) plan
A type of 401(k) plan that was available in the '80s --dubbed as pooled 401(k)s-- is making a comeback, according to an article in MarketWatch. This type of retirement plan offers small business owners and workers a way to reduce the costs and stress that come with investing by pooling all contributions into a single account that will be guided by an expert fiduciary manager. All participants will get the same investment plan and do away with high-price mutual funds and complicated retirement calculations. --MarketWatch

Can your financial adviser solve your retirement puzzle?
Many retirees and those approaching retirement don't know how to make the most of their nest eggs, according to The Wall Street Journal. The suitable financial advisor is one who is equipped with software tools that will allow him or her to offer different scenarios, and can explain the assumptions, projections and trade-offs, and properly guide the clients in the decision-making process. Also, when hiring an adviser, clients should look for professional with a Certified Financial Planner credential.  --The Wall Street Journal

Don't let IRA contribution limits wreck your retirement dreams
Clients can maximize their retirement saving potential even if the government has placed limits to IRA contributions, according to an article on Motley Fool. Retirement savers may raise their IRA contributions from $5,500 to $6,500 when they reach 50, and if possible, increase their 401(k) contributions up to the amount their employer can match. Self-employed people can hold a SIMPLE IRA, a SEP-IRA, or an individual 401(k) to boost their nest eggs.  --Motley Fool

How you can be happy in retirement
Clients can ensure their happiness in retirement if they start building their nest eggs early, and pay off their mortgage and other loans before they retire, according to this article on Forbes. They are also likely to end up in a happy retirement if they are prudent spenders and choose to live in a home that requires below 20% of their monthly income. Happy retirees share other common traits too, such as having more children and being more inclined to do volunteering work and other social hobbies.  --Forbes

5 simple steps to the perfect portfolio
Retirement investors may take the following steps to develop a highly diversified investment portfolio, according to this article on Motley Fool. First, they should know if they have the right number of investments and if there is an investment overlap in their portfolio. Second, they should check if they hold investments they don't understand, and if they can justify why they bought these investments. Then, they should identify investments they never touched and, finally, stop adding new investments once they finish balancing their portfolios.  --Time Money

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