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

Retirees moving to be near the grandkids

A number of seniors opt to relocate or have moved in retirement to live closer to their adult children and grandchildren, according to a survey by Grand magazine. Their decision is "the last chance to focus on family and to leave a legacy of special memories," says an editor of the magazine. Some 60% of those who moved to be near their grandchildren claimed "their main reason was to help their adult children by providing child care." –Kiplinger

3 ETFs to fund a happy retirement

Retirement investors will be better off investing in exchange traded funds than making "safe" investments and overpaying on fees by choosing fixed-income investments, according to this article on Forbes. They are advised to adopt a passive approach to investing and shift to ETFs, specifically holding companies that give back the money to investors through dividends and share buybacks. This will enable them to take advantage of the high dividend yields offered by stocks. –Forbes

How stock dividends could rescue your retirement

As yields from bonds continue to dwindle because of low interest rates, retirement investors are advised to shift their attention to dividend-paying stocks, according to Fortune. Raising the stock allocation in their investment portfolio will help boost the needed returns to secure their retirement. “Increasingly you are seeing investors looking to equities as a source of income as well as a source of return,” says an expert. –Fortune

How to plan for retirement in your 40s

Although 401(k) plans, IRAs and other tax-advantaged retirement accounts are a sure help for people to build their nest egg, these savings vehicles may not be enough for clients who started saving in their 40s, according to the Motley Fool. They are advised to find other ways to save and invest for retirement, such as investing in a regular brokerage account. Although this option does not offer any tax benefit, clients can withdraw the funds any time without paying any penalty, unlike in regular retirement accounts. –-Motley Fool

Millennials redefining how to save for retirement

A survey by Merril Edge has found that millennials are modifying the concept of retirement saving, as 40% of the respondents prefer to achieve their financial goals before retiring. Also more than 50% consider retirement as a new phase. “In our survey, 49% of millennials said they give themselves a ‘C’ or worse on planning for retirement savings. So in school, if you are getting  a ‘C’ or worse, what do you do? You go see the teacher, you go talk to someone,” says an expert. –Fox Business

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