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

Retirement withdrawal strategies that can pay off big
Retirees can save help make their nest egg last longer if they develop an effective retirement withdrawal strategy, according to this article on Time Money. Clients are advised to create a strategy that will enable them to reduce their taxable income and get considerable subsidies. They may also consider taking withdrawals enough to support their needs so they can delay their Social Security benefits and increase its value in the future. Clients should also consider tapping retirement accounts before mandatory withdrawals to ensure they will remain in a low tax bracket, so hiring a financial adviser is recommended to execute the plan.  --Time Money

An easy way to pick your retirement age
Many people are unsure about when they expect to retire, and may have subsequently failed to work on their savings and retirement plan, likely because they want to avoid the computations and their own mortality, according to an article on Forbes. Clients who have children can determine their appropriate retirement age based on when their children leave home, while those who are single or have no children may retire at the age when they pay off the home mortgage. By doing so, they may realize that they are ready to retire sooner than they expected, and can develop a plan based on their projected cost of living, inflation, and Social Security benefits at their retirement age. --Forbes

A step closer to fixing a serious 401(k) flaw
401(k) participants are now able to convert their savings into steady retirement income under the new regulations recently issued by the federal government, according to this article on CBS Moneywatch. While the 401(k) plans offer auto enrollment and access to target date funds, the new rules will allow participants approaching retirement to obtain deferred annuities and secure a lifetime income when they retire. While the feds are in the right direction, the government may also allow plan to include other retirement income generators so that retirees will have broader options that suit their goals and circumstances.  --CBS Moneywatch

How to decode those pesky Medicare ads
Clients have three options to fill the coverage gaps in the original Medicare, according to an article on MarketWatch. They may consider getting VA, Tricare or other retiree coverage offered by their employer, or buying Medigap policy that comes with a Medicare Part D plan. The third option to close the coverage gaps is a Medicare Advantage plan, also known as Medicare Part C or Medicare Health Plan.  --MarketWatch

Will Retirees Come To Love Longevity Annuities?
Longevity annuities have gotten a boost since the Treasury Department's decision last summer to allow individuals to re-channel certain amounts from retirement accounts into deferred annuities. The rules allow retirement investors to draw up to a quarter of their funds' balances to divert into annuities. Economists also see this product as a relatively affordable way for individuals to insure themselves against the risks of having a substantially long lifespan.  --Forbes

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