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

3 things clients need to know before buying bitcoins with an IRA
Retirement investors who want to buy bitcoins in a self-directed IRA should ensure they are in control of their own private key, writes a tax expert on Forbes. They should determine the fees for bitcoin investments, account for the risks involved as well as the dynamics of the cryptocurrency market, writes the expert. "Any retirement account investor interested in using retirement funds to invest in cryptocurrencies should do their diligence and proceed with caution."


How to retire by 40: 3 proven tips from someone who has
A client who left the workforce for good at the age of 40 says people should reduce spending and boost their savings rate to retire early, according to this article on CNNMoney. They should also strive to increase their earning capacity as well as investments, says the retiree. "Contributing at the level where you get the employer match is a must, otherwise you're walking away from free money. But to get the biggest benefit, you'll need to contribute the maximum."

20% of Americans aren't saving a penny
A survey by Bankrate has found that 20% of Americans fail to save regularly, according to this article on Motley Fool. Many of them say that high living costs and lack of saving opportunities in the workplace prevent them from building their nest egg. To boost their retirement savings, clients should review their budget and look for a side job so they will have more money to save.

5 ways to avoid becoming a failed retiree
Creating a life plan can help seniors avoid becoming a "failed retiree", writes an expert on MarketWatch. Retirees should also consider exploring a hobby or learning new things, such as a foreign language and a different course. Doing volunteering work and having a bucket list of activities can also give them a renewed sense of meaning and purpose in retirement, adds the expert. "Happy, meaningful retirements don’t just happen. You need to develop and implement a plan that allows you to enjoy life to its fullest."

Worst states to retire in the U.S.
The new tax law places a cap on property tax deduction, making states with high property tax rates less friendly for retirees, according to this article on TheStreet. Retirees may also move out of states that impose tax on Social Security benefits and other retirement incomes. Cash-strapped seniors may also consider moving to states with lower cost of living to extend the life of their retirement savings. Read the article to know the states that are not friendly to retirees under the new law.

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