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

A sobering perspective on a looming retirement crisis
A new book, “Falling Short: The Coming Retirement Crisis and What to Do About It," claims that the U.S. is likely to face a retirement crisis in the future, according to an article in The New York Times. Written by Alicia Munnell, the director of the Center for Retirement Research at Boston College, with Andrew Eschtruth, a colleague at the Center, and Charles Ellis, a consultant and author, the book says that the looming crisis can be blamed not only on federal lawmakers' inaction but also on people's poor retirement saving behavior and decisions. The article says that if the U.S. fails to find a politically palatable mechanism to help improve these personal choices and ensure that they are made more intelligently than in the past, no amount of tinkering with Social Security will avert the coming crisis.  --The New York Times

Why 2014 was tough for corporate pensions
The deficit of corporate pension plans at the end of 2014 increased to $343 billion from $162 billion posted at the end of 2013, with 80% pension funding covered last year, according to an analysis by Towers Watson. The plans' assets grew 3% to $1.4 trillion in 2014 from $1.36 trillion recorded in 2013, while funds added by companies to their pension plans last year decreased 29% to about $30 billion compared with 2013 figures, the research firm adds.  --The Wall Street Journal

Managing real estate assets in your retirement portfolio
Although property investments can have long-term benefits, investors need to be careful if they decide to make it a major segment of their retirement portfolio, according to an article on Morningstar. Including real estate in the portfolio is a good way to diversify investments, but investing heavily in properties can be risky given the real estate market's volatility. People are also better off having no home mortgage to pay off in retirement, although those with pensions can carry a home mortgage in their golden years since they have a steady retirement income.  --Morningstar

The single woman's path to a happy retirement
Single women face distinct challenges in preparing adequately for retirement, according to this article on DailyFinance. Therefore, they are advised to save as early as possible, be aggressive in investing and obtain long-term care coverage soon. They are also advised to seek help from a financial advisor they can trust, and get spousal benefits if they were in a marriage that lasted at least 10 years.  --DailyFinance

Why you should consider working in retirement
Working past retirement age is a good decision that senior workers can make since it will not only help secure their financial stability but will also be beneficial to their well-being, according to an article on The Motley Fool. Many working retirees view the golden years as a chance to pursue a more rewarding and flexible career based on a survey by Merrill Lynch. Other studies have found that early retirees' mental functioning is likely to deteriorate and seniors are better able to maintain their intellectual health if they lead an active cognitive lifestyle.  --The Motley Fool

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