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

Are you retiring for the right reasons?

Being bored with the job or reaching the same age when loved ones retired may not be the right reasons to seek retirement, according to this article on CBS Moneywatch. However, if clients have prepared a financial plan that will ensure that their living expenses will be covered by retirement income or have plans on how to spend their retirement, they may have a good reason to retire. Whatever the reason is for retiring, people need to have a plan to deal with crucial issues in emerge later in retirement. --CBS Moneywatch

The right way to claim Social Security lump-sum benefits

Clients who have reached full retirement age have two options in claiming lump-sum payments from Social Security, according to an article on Time Money. They can get lump-sum payments equivalent to six monthly benefits if they have decided to delay their benefits until FRA. Those who opted to file for and suspend their retirement benefits at 66 can also receive a lump-sum payment amounting to four years of suspended benefits. --Time Money

8 secrets for success from early retirees

A couple who opted for an early retirement wrote a book in which they share an eight-step strategy that helped them do so, according to this article on MarketWatch. They first assessed their finances, kept track of their expenses, and boosted their savings as much as they could. They also made sure they make wise investment decisions, simplified their lifestyle, and resisted pressure from loved ones and other retirees to spend. They also tried to focus on their retirement goals and obtained health insurance. --MarketWatch

Social Security Q&A: What are our options if we want to retire now at 62 and 66?

A 66-year-old client is advised to file for his spousal benefit if he intends to retire this year together with his 62-year-old wife, according to this article on Forbes. His wife may claim her own retirement benefit while he defers his retirement benefit until he reaches 70. She can switch to her spousal benefit on his record but the excess benefit could be zero, so she may consider suspending her retirement benefit at full retirement age and resume the benefit when she reaches 70. --Forbes

Marshmallows can teach us better retirement planning

The "marshmallow test" offers four lessons that people can apply when preparing for retirement, according to this article on DailyFinance. The test suggests that clients need to visualize future rewards, avoid temptation as much as possible, be content with what they have, and reward themselves once in a while. --DailyFinance

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