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

What to do when he wants to retire one place, she another
Seniors who want to relocate in retirement to a different place from what their spouse prefers may opt to maintain two homes in the golden years, according to this article on The Wall Street Journal. However, this solution may be costly, and couples who cannot afford this option should discuss the issue. Experts offer a set of questions that couples should address to resolve the issue and strike a compromise.

Bloomberg News

3 retirement myths, debunked!
When planning for retirement, clients should avoid the misconception that their expenses would decline after they retire, according to this article on Motley Fool. While Social Security is a major source of retirement income, it is wrong to assume that they could live off on their retirement benefit alone. Another myth that clients should also avoid is that they would not longer face taxes in retirement, as a portion of their Social Security benefits may be taxable if they have other sources of income.

1 in 5 workers misses out on this free money for retirement
A report from Alight Solutions shows that only 20% of workers are not making enough contributions to qualify for their employer's matching contribution, according to this article on CNBC. Fewer workers are not contributing enough because of debt and other financial obligations, according to personal finance experts. "A number of people just don't have the personal cash flow to make the contribution, period," says an expert.

Ask Larry: Can my wife file for spousal benefits if I've suspended?
A retiree who filed and suspended his Social Security retirement benefit would be receiving an excess widower's benefit, not a full widower's benefit, according to this article on Forbes. His current wife who turns 66 soon qualifies for a spousal benefit on his record, provided he suspended his benefit before April 30, 2016.

The key to setting retirement goals? Details
Having specific and quantifiable investment goals is crucial to a successful retirement, writes an investment adviser on Kiplinger. To do this, clients are advised to clarify what they want in retirement, consider the costs of their lifestyle choices, as well as prioritize their goals and craft a contingency plan, writes the expert. "It’s a lot of work, but you’ll be able to sleep soundly knowing you have a well thought out plan and have accounted for predictable variables."

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