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

7 ways to assure a successful retirement

Clients who want to secure their retirement are advised to set their goals with an expected timeframe, estimated costs, avoid procrastinating and maintain a well-balanced, diversified portfolio, according to Forbes. They also need to learn how to distinguish good debt from bad, mitigate risk by getting insurance and get proper documentation for their estate to avoid issues for their heirs after their death. Clients should also know their limitations so they can get professional help in these areas – Forbes

The Morningstar guide to IRA investing

Retirement investors will need investing and other ideas as they scramble to make last-minute contributions to a traditional/Roth IRA before the April 18 deadline or plan for their IRAs this year, according to Morningstar. This article provides links to online tools, articles and videos on Morningstar that investors will find useful as they continue investing in an IRA. – Morningstar

3 totally realistic strategies for revving up retirement savings

Clients can boost retirement savings by working hard to increase their wages and other income, according to Money. They also should consider automating contributions to their retirement accounts, as well as sign up for automated escalation feature in their plans. Another way to boost their nest egg is to max out their retirement plan contributions and open other types of retirement accounts, such as SEP-IRA. – Money

Preparing for America’s looming retirement savings crisis

The U.S. is likely to experience a retirement crisis and the government should consider providing Guaranteed Retirement Accounts to enable every American to secure golden years, according to this opinion piece on CNBC. "Our country deserves better, and we believe Guaranteed Retirement Accounts (GRAs) are a pragmatic approach to ensure that all workers can save to retire," the article states. The plan "would provide universal coverage and is built on personal responsibility, personal choice, and effective investment.” – CNBC

4 changes that will ensure Social Security survives

Policymakers have proposed four strategies to fix Social Security's financial woes and ensure the program stays for future retirees, according to MarketWatch. These proposals are to increase payroll taxes, reduce benefits, raise retirement age and use a means test to adjust benefits for retirees in high-income groups. Social Security may be different in the future, but millennials can be assured the program will be available when it's their turn to retire – MarketWatch

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