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

Social Security's strict disability rules

Beneficiaries of Social Security Disability Insurance are not to blame for the looming insolvency of the SSDI fund, as the rules governing the disability claims are very stringent, according to an article in The Wall Street Journal. Claimants can receive payments if the illness will make them impaired to perform a job in any industry and the condition would last at least 12 months or end in death. Also, under the rules, claimants also need to have contributed to Social Security for a certain period of time before they can qualify for disability benefits. – The Wall Street Journal

How to invest when the world is in chaos

Many investors are concerned about the possibility of another market crash in the future because of global events that can have serious geopolitical effects, according to this article on MarketWatch. Despite this, it is good for investors to stay the course and stick to their investment plan. But retirement investors are advised to adjust their asset allocation in their portfolio and reduce their risk exposure as it is more important to protect their capital than to optimize return potential by taking on more risk. – MarketWatch

New singles majority is bad news for Social Security

The number of single American adults has exceeded 124 million, and the number has been on rise since the government started collecting information in 1976, according to economist Edward Yardeni, who analyzed August job data from Bureau of Labor Statistics. It is likely that there would not be enough workers in the coming years to pay taxes and replenish the Social Security's funds as the baby boomer generation begins claiming Social Security and Medicare benefits. To address the problem, Congress may consider changes to allow more, younger immigrant workers to come into the country to increase payroll taxes that the government collects. – CNBC

Social Security benefits: The striking gap between women and men

There is a considerable gap in retirement benefits between male and female retirees, according to data from the Social Security Administration. Most men received between $1,400 and $1,800 in monthly retirement payments, compared with what women received, which was between $700 and $900, according to the figures. The gender gap in retirement benefits can be explained by most women's decision to stay out of work for longer periods of time during their career, plus the fact that many female retirees opt to have their spousal benefit on their husband's record as main source of retirement income. – Motley Fool

When you’re bored silly in retirement

Some people return to do part-time or full-time work after retirement because they grew bored for not doing anything, according to this article on Time Money. Having fulfillment and meaning is the core of a successful retirement, and that is derived from doing the things that retirees were good at doing, says Joel Larsen of Davis, Calif.-based Navion Financial Advisors. Read the tips on how retirees can beat boredom and find a sense of purpose in retirement. – Time Money

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