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

A sneaky way to boost retirement savings

Health savings accounts are a good instrument to boost retirement savings, but they don't receive too much attention despite the fact that they are increasingly becoming an option for workers after more firms transfer the cost of health-care to their employees, according to this article on CNBC. The advantages of holding an HSA include higher contribution limits than flexible-spending accounts and yearly tax-free rollover of leftover HSA funds. However, HSAs may not be available for some people as these accounts were offered by only 47% of employers last year and would come with high-deductible insurance plans. – CNBC

Why aren’t 401(k) and IRA balances bigger?

A typical worker who started contributing to a 401(k) plan or an IRA in 1982 and turned 60 last year would have accumulated $373,000, writes Alicia H. Munnell of the Center for Retirement Research at Boston College. Taking out investment fees, leakages, intermittent contributions, and lack of career-long retirement plan coverage, the balance would be reduced to $100,000 on average, Munnell says. A little over 25% of contributions and investment earnings are all that is left in these accounts when the worker retires, and this is "alarming," Munnell concludes. – MarketWatch

7 money mistakes you shouldn't make in your 40s

People in their 40s may neglect their retirement saving accounts as they face difficulty in managing their finances despite the higher income they're getting, according to this article on Yahoo Finance. To keep on track with their retirement goals, clients should avoid making mistakes, such as super-sizing their homes and putting aside their retirement savings to fund their children's college education. They should also try to increase their savings rate, to avoid filing for bankruptcy and being too conservative when investing, and to stop tapping their home equity and 401(k) assets when they go through rough financial times. – Yahoo Finance

Social Security Q&A: How will collecting survivor benefits before 66 affect my claiming strategy?

Claiming a survivor benefit before reaching full retirement age is a good option if the retirement benefit when claimed at FRA will be bigger than the survivor benefit, according to this article on Forbes. However, clients who are still working and earning enough may defer the benefit until they turn 66, when the earnings test, which is used to compute the amount they will receive, will no longer apply. If the survivor benefit will be bigger than full retirement benefit, clients are advised to claim their retirement benefit during months between January of the year they will turn 66 and their 66th birthday, and then file for survivor benefit at FRA. – Forbes

The secret to retirement planning success

Consistency is the key for workers to succeed in retirement planning, according to this article on Motley Fool. Thirty-four percent of 401(k) participants who contributed consistently from 2007 to 2012 ended up with an account balance that was 67% higher than the overall average based on a study by the Employee Benefits Research Institute. To achieve consistency in retirement saving, clients are advised to automate their contributions, adjust their automated savings rate, and minimize their investment fees. – Motley Fool

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