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

Can clients' retirement strategies survive a market crash?
It remains to be seen whether the stock sell-off stemming from fears of an economic slowdown in China will turn into a full rout, which is why clients should review their retirement strategy to determine how they might fare if it turns out to be the start of something big. To determine their next moves, retirement savers first need to decide the amount of time they have left before retiring. While young investors may sit back and continue investing, those who are approaching retirement may consider buying an annuity and minimize their withdrawals if the market slowdown will have a significant dent on their portfolio.  --Time Money

How clients should react to the market selloff
Although a market decline poses a concern for retirees who have less time to recoup from losses, retirement savers are advised not to panic, as they need to remember that not everything that is happening in the market will have an effect on their portfolio. Retirees should have a long-term perspective in investing, cut back on withdrawals when necessary and see if they need to change their asset allocation. Also, their portfolios should be well-diversified and include high-quality holdings that provide dividend returns.  --Kiplinger

Clients retiring in 2016? Here's what they should do now
Many people who consider retiring this year are concerned that they will outlive their nest egg in retirement, but it helps if they know set specific expectations and plan accordingly. Before leaving the workplace for good, pre-retirees can improve their retirement prospects by making additional contributions to their retirement accounts. They are also advised to obtain health insurance coverage and consult a financial advisor to determine the best claiming strategy for their Social Security benefits.  --CNBC

Advisors work to steady anxious investors
Many retirement investors are consulting their financial advisors on their next investing moves as they are concerned about the recent market volatility spurred by fears about the possible economic slowdown in China and oil's worsening problem. Clients should remain calm and stick to their long-term plan as the markets tumble, experts say. “Having a disciplined, diversified investment approach will result in significant gains over the long term,” says Stacy Francis, president and CEO of Francis Financial.  --The Wall Street Journal

The continuum of long-term care
Retirees who are not expected to recover from a chronic illness will need custodial care to assist in their activities for daily living. This type of long-term care has to be funded through Medicaid, personal savings, or long-term care insurance, as it is not covered by health insurance and Medicare. Learn more about the various settings of custodial care: home care, adult day care, community centers, and other respite support, and assisted living and continuing care retirement communities.  --Forbes

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