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

Long-term-care insurance: What policyholders should know
As retirees buy long-term-care insurance to ease some of their financial worries, the product may also present concerns, such as rising premiums, according to an article in The Wall Street Journal. Clients with LTC policies need to understand that rates may continue to rise despite a rate increase in the previous years; also, changing insurers at the news of a rate hike is unlikely to produce a better deal. Finally, LTC policyholders need to know that they may be able to reduce the benefits and still get good insurance coverage.  --The Wall Street Journal

Retirees, Protect Yourself From Fraudsters
Retirees are highly vulnerable to financial abuse as they hold sizeable retirement savings but are socially isolated and suffer from health problems that lessen their ability to make financial decisions, according to an article on Kiplinger.  Fraudsters also take advantage of the fact that seniors who rely on a fixed income have to take on investment risk amidst dwindling interest rates.  Seniors and loved ones of retirees may come up with a plan to avoid fraud, such as setting up direct deposit of any income and benefit checks and entrusting financial documents to a relative in case retirees become very sick.  --Kiplinger

Biggest Surprises in Retirement? Experts Weigh In
Retirement poses a major transition and presents a lot of surprises for many people, according to an article on Time Money. Among the things that shock many clients in retirement is the enormous amount of free time they have, as they are used to spending their time at work, experts say. Another big surprise for many retirees involves money, as they are not comfortable in the idea of spending money without a source of income, and worry about depleting their nest eggs. Also, changing housing needs and the desire to get away from the spouse can come as a shock for new retirees, experts add.--Time Money

Investors find better balance in 401(k)s
Fewer 401(k) accounts are invested entirely in stocks, as the number of these accounts with 100% asset allocation in stocks decreased to less than 10% last quarter compared with 33% in 2001, according to Fidelity Investments. The number of 401(k) accounts with zero stocks also decreased to 5% last quarter from 5.9% last year, Fidelity says. Target-date mutual funds are becoming more popular among investors, enabling them to hold more-balanced accounts, according to the article.  --CNBC

Parent's expenses can take bite out of your retirement
People need to prepare financially for their parent's retirement, as their parents may ask for their support when they reach older age and live longer than expected, according to an article on MarketWatch. Parents may need their children's help for housing, technology, and home modifications. Adult children may also help their parents pay for caregiving and long-term care expenses. --MarketWatch

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