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

Why guaranteed income for life doesn't always offer the best options
Retirees are advised to tap only a certain portion of their retirement portfolio for income and leave the rest of their assets intact, according to Kiplinger. For one thing, capital gains and estate taxes are lower compared with income tax rates that apply to their retirement withdrawals while higher income may prevent them from qualifying for certain assistance programs because of income thresholds. Also, assets are considered private information and are more flexible compared with income. –Kiplinger

Image: Bloomberg
Image: Bloomberg

Here’s where the most retirees are moving — and why
Florida, Arizona, and South Carolina are among the top destinations for retirees, according to website SmartAsset. Also on the list of states where most people opt to retire in are Georgia, North Carolina, Texas, and Oregon. –MarketWatch

Work a little, play a little: A new retirement strategy
More seniors have decided to spend their retirement doing "consulteering," a life that combines consulting, volunteering and leisure time, according to The New York Times. More people are expected to do the same after retiring from work, says a retirement transition coach. “It’s a great way to fit work into life rather than trying to squeeze time for life into your work schedule.” –The New York Times

Should you get a Medicare Advantage plan?
Despite the many advantages that a Medicare Advantage plan offers, seniors are advised to weigh their options before getting the plan, according to The Motley Fool. Seniors with such coverage might be charged a low copay per doctor visit or service and face out-of-pocket limits. Those who intend to get a Medicare Advantage plan are advised to shop around and compare available plans and base their choice on their needs. –The Motley Fool

401(k)s tweak how they charge for expenses
Despite the drop in fees on 401(k) retirement plans, some participants can expect higher costs as employers revamp the apportionment of the plan's administrative expenses, according to The Wall Street Journal. “It all gets down to what is fair and how do you get people to shoulder their share of the administrative fees,” says an industry expert. –The Wall Street Journal