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

Student loan debt could destroy your retirement
Student loans are increasingly becoming a retirement financial issue. Indeed, pre-retirees in the 55 to 64 age bracket, and even retirees, are carrying unprecedented amounts of student loan debt, according to a new LIMRA study. According to the survey, education loans made up 4% of instalment debt for that pre-retiree group in 1989. By 2013, that share totalled 30%. Among retirees, education loans increased to 15% from less than 1% in that time period. To avoid this challenge, clients should look harder for scholarships or a community college as an alternative to student loan debt that could end up heavily impacting one's retirement plan. Other options include: working longer, starting to save when a child is born to avoid student loan problems and avoid co-signing student loans.  --MarketWatch

5 signs your clients rely too much on Social Security
Five signs revealing if clients depend too much on Social Security for retirement are discussed in this article. Be mindful of those clients who don't match their employer's 401(k), who spend 401(k) on discretionary items, who have no savings, who have don’t plan their retirement and who lack financial literacy.  --USA Today

3 little known facts about Social Security
Three facts about Social Security are examined by this article in Time Money. First, the program is designed to help low-income workers get the most from Social Security because the program is progressive. Also, the program doesn't offer coverage for everyone and interest rate increases do not impact the Social Security Trust Fund.  --Time Money

How a life estate can save your client's home
Clients are advised to create a life estate and comply with all the pertinent requirements to protect their homes from being transferred to long-term care creditors, such as Medicaid, when they retire, according to this article in The Motley Fool. However, they cannot use such anti-transfer rules if the estate is created at least five years before the Medicaid eligibility takes effect. Life estates can also help clients in estate planning as these can make the transfer of their highest-value assets simpler.  --The Motley Fool

Travel in retirement without ruining a nest egg
Five factors to consider while planning for travels during retirement are highlighted by this article in USA Today. Retirees should consider how often, when and where they will travel; their travel goals and how willing they are to achieve them; the impact of travel plans on total finances and unplanned travel expenses.  --USA Today



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