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

How to protect your client's IRA Many IRA investors make mistakes that cost them and their heirs a lot, so clients are advised to take some actions, such as naming a beneficiary and a back-up beneficiary of the account when they die, according to this article on CBS Moneywatch. Designating a trust instead of a spouse as beneficiary is a good option especially if clients have children from a previous marriage. Also, IRA investors need to update their beneficiary designations after a life-changing event, such as marriage or birth of a child, as well as start preparing for required minimum distributions when they reach the age of 70.  --Moneywatch

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