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Health care to cost retirees hundreds of thousands

A 65-year-old couple that retires this year can expect to spend $315,000 on health care alone over the rest of their lives, according to Fidelity Investments’ latest annual Retiree Health Care Cost Estimate.

Snapshot: We tend to retire sooner than we expected

Americans consistently retire at younger ages than they planned to.

Consistent participation key to retirement fund growth

Remind employees that the recent stock market downturn isn’t a sign to curtail investing in their retirement funds. Smart investors take the long view, confident that markets rebound and lead to wealth growth.

70% of retirees have regrets about retirement savings

Seven out of 10 retirees wish they had saved more for retirement during their working years and would advise their younger selves to sock away more and seek expert financial advice, according to a new survey by the Employee Benefit Research Institute.

Remind employees: Don’t panic about market losses

U.S. stocks have lost nearly 20% of their value this year, with the S&P 500 flirting with bear-market territory and the Dow Jones Average down nearly 15%. Employees invested in your retirement plan are undoubtedly nervous.

Employees still confident they can retire comfortably

The Employee Benefit Research Institute’s 32nd annual Retirement Confidence Survey, conducted in January, found that more than 70% of workers are at least somewhat confident they will be able to retire comfortably, with three in 10 saying they are “very confident.”

Survey: Employers expect to enhance retirement plans

Most U.S. employers are eyeing enhancements to their defined contribution retirement plans in an effort to boost their employees’ retirement security and financial well-being, according to a survey by the Willis Towers Watson consulting firm.

Finance training produces better retirement investors

Employees who participate in financial wellness webinars are more likely to adjust contributions to their 401(k) funds, according to new research by the Employee Benefits Research Institute.

DOL raises penalties for 2022

The Department of Labor has announced the 2022 inflation adjustments to penalties for violations of the Fair Labor Standards Act, the FMLA and the Employee Retirement Income Security Act.

DOL recovered retirement funds worth $2.4 billion

The Employee Benefits Security Administration recovered more than $2.4 billion in direct payments to retirement plans, participants and beneficiaries in fiscal year 2021.