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

Help clients avoid a retirement full of hindsight
Clients are advised to avoid hindsight when developing their retirement plan, writes Robert Laura, a retirement activist with Forbes. This means that they need to revisit their goals and dreams they abandoned and to drop bad habits and actions that adversely affect their retirement plans and dreams of their loved ones, Laura says. "Change comes by starting. It will never be the perfect time, circumstances will never be ideal, and it doesn't have to be complicated. Simply carve out a minute or two each day to reflect on what you need to do and can do… and then try it."--Forbes

Medicare panel faults payment fix as too weak
The proposed revamp of Medicare payments to long-term-care hospitals is inadequate to address the issues and should include more changes that would prevent these hospitals from timing the discharge of patients to get financial incentives, according to a report from the Medicare Payment Advisory Commission. Patients' short visits mean smaller payments for long-term-care hospitals, but the payments get bigger if Medicare beneficiaries are hospitalized for a certain number of days under existing regulations. These rules enable these hospitals to receive "a strong financial incentive to keep patients" until they are entitled to bigger payments, "and they appear to respond to that incentive," the report states.--The Wall Street Journal

Tips to help millennials save and invest for retirement
Developing a balance sheet that accounts for assets and liabilities is a good start for millennials who want to save and invest for their golden years, according to this article on USA Today. Young workers also need to have a spending plan, pay down their debt and find a strategy that will help them reduce their expenses. They also need to balance their expenses for personal happiness and their commitment to save for retirement. Taking advantage of employer match contributions in the 401(k) plans and making contributions to a Roth account are also strategies that will help millennials build their nest eggs. ---USA Today

Why guaranteed annuities belong in 401(k)s
Employer-sponsored 401(k) plans should be required to offer guaranteed-income annuity as an investment option to enable participants to feel secure about their retirement, writes Ted Jenkin, co-CEO and founder of financial advisory firm oXYGen Financial. This annuity product will guarantee a steady income stream in retirement, Jenkin says. "This may be more expensive than a low-cost ETF or mutual-fund strategy. But given the choice, wouldn’t many consumers want to spend the extra money to know that they will have a retirement income they cannot outlive?"  --The Wall Street Journal

These disruptions are huge threats to your retirement
Sixty-six percent of people who participated in the TD Ameritrade 2015 Financial Disruptions Survey claimed they underwent a disruption, such as unemployment and accepting a lower-paying job, which hurt their savings substantially. The respondents on average had about four and a half years to recover from such a disruption, with about 50% saying they decided to delay or forgo retirement, the survey finds. Read the tips on how clients can better deal with a financial crisis and curb the impact of such a disruption on their retirement savings--The Motley Fool

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