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

How are people who retired in the year 2000 doing today?
Data show that people who retired in 2000 and use a 4% withdrawal rate on a portfolio with a 50/50 asset allocation have retained 67.5% of their wealth after 16 years since their retirement, writes an expert. Their remaining wealth is higher compared with people who retired in the previous years, writes the expert. "The 4% rule may work for 2000 retirees, but retirees should still remain cautious and monitor the evolution of their current withdrawal rate." –Forbes

(Bloomberg News)
(Bloomberg News)

Jagger’s changing diapers at 72. How to manage that
The number of people who raise children in old age is on the rise, and these seniors should have a plan to protect their children from age-related problems, according to this article on CNBC. People who are in the same situation as Mick Jagger should draft a trust with specific provisions about the children's education and inheritance, and consider assigning their adult child as the guardian of the minor children. They should also buy medical coverage and life insurance for their children, while those who are on Social Security may apply for their child benefits and save the money in a 529 college savings plan. "If you have low employment income and most of your savings is in exempted retirement accounts, you can maximize your financial aid," says an expert. –CNBC

Low interest rates make some fixed-index annuities shine
In a low-interest-rate environment, a fixed-indexed annuity is the best annuity option for fixed-income investors who want to have control of their principal, according to this article on MarketWatch. The underperformance risk of an FIA is insignificant, as the product is pegged to a market index and interest rates continue to slide. This makes FIA more attractive compared with fixed annuities, certificate of deposit and other traditional alternatives. –MarketWatch

5 steps to get the most out of a retirement calculator
A retirement calculator is a useful tool for making the preparations for the golden years, and clients can optimize this tool by using it to do research on inflation and other wages, according to this article on Nasdaq. A retirement calculator can also be used to evaluate their investments and make an estimate of their spending needs. Clients can depend on this tool to translate these spending needs into income requirements and re-assess their retirement figures on a regular basis. –Nasdaq

Before you retire make a leisure plan with purpose
Seniors should not retire without creating a plan on how they will spend their leisure time meaningfully in retirement, according to this article on USA Today. They should have a plan for the transition phase into retirement, consider hiring a life coach, and expect changes to their plans. Seniors may want to work for a non-profit organization, should stay calm and avoid worrying about how they should spend their leisure time, and consider the possibility that they will live longer than expected. –USA Today

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