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

Five things to consider before selling your home in retirement
Retirees may consider downsizing as it could mean flexibility and freedom from worries, according to The Wall Street Journal. Before making any downsizing decision, retirees need to know the things they want and can afford in their golden years, consider the best living conditions they dream for themselves, and check the neighborhood of the property where they plan to move in. They also need to consider family connections when making any decision, as well as ensure downsizing will not affect their jobs if they plan to remain at work in retirement.  --Wall Street Journal

Frailty risk -- More than just long-term care and health care expenses
One of the factors that clients need to consider when planning for retirement is frailty risk, which is associated with deteriorating mental or physical health, and can adversely affect any retiree's financial security, according to Forbes. Clients need to continue working, avoid stress, and cut work hours to minimize the risk. Advance planning is also needed to prepare for any additional costs that may be brought by frailty risk, the contributor says.   --Forbes

The state of senior health depends on your state
Minnesota, Hawaii, and New Hampshire lead the states with the best senior health care conditions, with older people in the northern states having very good health report cards, according to a study commissioned by the United Health Foundation. The states where most seniors have poor health conditions are mostly in the South and have not expanded Medicaid as mandated under the Affordable Care Act. The gap clearly indicates a link between socioeconomic status and health status, says an expert, adding that insurance is a great help, but it will not solely address the issue.  --CNN Money

Social Security benefits for kids
Children borne to baby boomers in pre-retirement years will be particularly affected by Social Security retirement benefit eligibility rules, according to an article by Steve Williams, senior vice president and head of U.S. financial planning at BMO Private Bank. Based on the rules, an only child will receive half of the benefit amount of the parent who decides to file for benefits at the age of 62. However, if a client has two or more children and his or her spouse takes a benefit, the children's benefit amount will be lower as the sum of their benefits should not exceed the maximum family benefit, or 150% to 180% of the original benefit amount, Williams says. --MarketWatch

Navigating around an inherited IRA pitfall
A recent ruling by the Supreme Court, which says that an inherited IRAs should not be treated as retirement funds, will have an impact on clients who hold IRA accounts, writes Morningstar. Clients who intend to leave their IRA accounts to their spouses when they pass away need to ensure that their IRA assets are enough for their spouses' needs and a rollover. If a spouse is not among the chosen beneficiaries, clients may consider establishing a trust naming their heirs as IRA beneficiaries to make the assets inaccessible for creditors if those beneficiaries declare bankruptcy.  --Morningstar

Read more