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

Pension funds seek shelter from dollar’s rise

Pension funds are joining the currency markets to protect their offshore investments and gain from future price changes in the financial world as the U.S. dollar continues to perform well, according to this article in The Wall Street Journal. "The pickup since December has been extraordinary. We've had more funds interested in our strategies in the last three months than we've had in the last three years," says Adrian Lee, manager of currency hedge fund Adrian Lee & Partners. –The Wall Street Journal

3 reasons to use a Roth IRA to save for college

Contributing to a Roth IRA is an option for clients who want to save for education expenses, according to this article on MarketWatch. It's because this type of retirement account will not be declared as an asset on the Free Application for Federal Student Aid form, which is required for those who want to get student aid. Also, a Roth IRA is more flexible than a 529 plan but contributions may not be subject to taxes. –MarketWatch

High nursing home bills squeeze insurers, driving rates up

Long-term care insurance premiums are on the rise as insurers are experiencing a slump in profit because of hefty long-term care costs, according to this article from The Associated Press. "Insurers that sell these products lose money on them. So they're raising prices and also trying to get out of the business right and left," says Vincent Lui, a life-insurance analyst with Morningstar. –DailyFinance

Tackle retirement health costs early

Couples who expect to retire at age 65 this year will need to have $220,000 on average to cover medical expenses through their golden years, according to an estimate by Fidelity Investments. Clients may use AARP's free Health Care Costs Calculator to have a more personalized estimate. They may add 7% inflation rate to the current projected costs produced by the software and account for dwindling discretionary spending, an approach that "allows for greater funding of medical expenses," says Leonard Wright, a CPA and personal financial specialist. –YahooFinance

Social Security Q&A: Can I collect on my ex's record after marrying a foreign national?

A divorcee who remarried will no longer be entitled to a spousal benefit on his former spouse's record even if the marriage lasted at least 10 years, according to this article on Forbes. His new wife, a foreign national, can claim reduced spousal benefit on his work record when she turns 62 and reduced widow's benefit she reaches 60. –Forbes

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