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

The best cities for a worktirement
Fort Lauderdale, Fla., Pompano Beach, Fla., and Medford, Ore., lead the cities across the country that provide the best conditions for seniors who plan to continue working past their retirement age, according to a study by SmartAsset. The cities were ranked according to a set of factors that include senior population, average effective tax rate and senior unemployment rate. "It's a good idea to continually think about what's important to you and factor that into your retirement plan. Regional factors that affect the quality of life for retirees, like medical care and social opportunities, can be important considerations when choosing where to retire," says an executive with SmartAsset. –Fox Business

Image: Bloomberg
Image: Bloomberg

Can I unretire to fund a Roth IRA?
A self-employed husband who already retired cannot go back to work and be on his business's payroll so he can contribute to a Roth IRA, according to this article on Money. However, he can make up to $6,500 in Roth contributions if the business operates as a limited liability corporation, in which he is a partner. If his wife is not a partner, the retiree can make her an employee so she can contribute to their Roth IRA based on her earned income. –Money

Proposal to cut Social Security undermines retirement security
A report from the Bipartisan Policy Center's Commission on Retirement Security and Personal Savings is recommending a reduction to Social Security benefits, a proposal that would hurt the people's chances at securing their golden years, writes an expert. The report also recommends that employers with 50 or more workers to sign up their employees in a 401(k) or defined benefit plan, an enhanced MyRA, or a new "Retirement Security Plan". However, it "would likely pick up only roughly a third of the uncovered – missing those at firms with fewer than 50 employees, uncovered workers at firms where the employer provides a plan, and the 16 percent of the workforce who are self-employed or work as contractors," she explains. –MarketWatch

10 things seniors want you to know about managing money
One of the financial tips that seniors will give to younger people is to learn about the basic principles in business and finance, according to this article on U.S. News & World Report. Older people will also tell their younger counterparts to pay off their mortgage as soon as they can, reconsider getting a credit card balance or a car loan, and pursue their low-paying dream jobs. The younger generation should also start building their nest egg early, know the difference between investment and expenditure, invest in quality items that they can use for a long time, and engage in activities that will make them stay fit and healthy. –U.S. News & World Report

Buy an annuity now or wait for interest rates to rise?
Clients who intend to buy an annuity to have a guaranteed income in retirement should not wait for interest rates to rise to proceed with the decision, according to this article on CNNMoney. Analysts have been predicting that interest rates would go up after so many years of historic lows, but the rates have yet to increase. Instead of waiting for interest rate increases, clients should determine how much retirement income they need to be guaranteed. To do this, they may use online retirement budgeting tools to estimate their retirement expenses and the percentage of overall costs that will go to housing, utilities and other non-negotiable needs. –CNNMoney

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