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

How much investing risk should you take in retirement?
Investors are advised to adopt a less aggressive approach to investing and reduce their risk exposure after they retire, according to this article on CNNMoney. That's because they no longer have time to recoup losses from a market downturn. As retirees, "[w]e're more interested in stability and predictability. We want to be able to enjoy life without having to worry whether a severe bear market might force us to revise our retirement plans," the article states.

These sneaky trusts are hiding in your client's 401(k)
Demand for lower investment fees has buoyed up the popularity of collective investment trusts in employer-sponsored 401(k) plans, but these investment options can have drawbacks, according to this article on Money. Unlike other investment options, CITs are not transparent, while 401(k) participants will have a difficult time integrating these trusts into portfolio management resources online.

Don't fall for these retirement planning myths
Contrary to what many people think, relying on an inheritance to secure retirement is a misconception that people should avoid, according to this article on CBS Moneywatch. Social Security is the most important source of retirement income for most people, and future retirees are very likely to collect their retirement benefits despite the program's looming financial woes. Although many millennials intend to retire at 59, such a plan is feasible only if they have saved aggressively.

The 12 US states where you can save the most and retire rich
Delaware, Michigan, Maryland, and Indiana top the list of states where Americans can save the most for retirement and end up with a sizeable nest egg, according to this article on CNBC. The list ranks states based on various factors, including taxes, living expenses, Social Security payments and health insurance costs.

Ask Larry: Can I get early spousal benefits and delay retirement benefits?
A 62-year-old wife can no longer defer her Social Security retirement benefits and just file for a spousal benefit on her husband's record, according to this article on Forbes. That's because under the new law, people born after January 2, 1954 are deemed to have filed for their own retirement benefit if they apply for a spousal benefit.

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