May 16th, 2022 Insight on Plan Design & Investment Strategy Every Weekday Data and Research Health Care in Retirement Will Cost an Average of $315,000 Fidelity champions health savings accounts paired with a high-deductible health plan as a means of meeting workers’ rising health care costs in retirement.  Benefits Debt Challenges All Generations in the Workforce Nearly half of all workers say their current level of debt hinders their ability to save for retirement. Most Read Benefits Social Security COLA Increase to Add About $50 per Month in 2025 Administration Many Taxpayers Dodged Penalty Tax for Early Retirement Withdrawals Administration Bills to Ban Arbitration Clauses Reappear in House, Senate ECONOMIC EVENTS Monday, the Census Bureau will report about retail sales for April. Wednesday, the Census Bureau will reveal new housing starts for April. Thursday, the Labor Department will issue its initial claims report, Freddie Mac will update average mortgage rates for the week, and the National Association of Realtors will reveal existing home sales for April.  MARKET MIRROR Friday, the Dow gained 466.36 points (1.47%) to 32,196.66, the Nasdaq was up 434.04 points (3.82%) to close at 11,805.00, and the S&P 500 increased 93.81 points to 4,023.89. The Russell 2000 climbed 53.28 points (3.06%) to 1,792.67, and the Wilshire 5000 gained 1,068.15 points to (2.74%) 40,022.30. The price of the 10-year Treasury note fell 28/32 increasing its yield up to 2.969. The price of the 30-year Treasury bond was lowered 2 30/32 increasing its yield up to 3.098%. For the week ending May 13, the Dow decreased 2.14%, the Nasdaq fell 2.80%, and the S&P 500 was down 2.41%. The Russell 2000 was down 2.55%, and the Wilshire 5000 fell 2.52%. Products New Workplace Savings Accounts Spotlight Need for Emergency Savings Transamerica is the latest retirement plan services provider to add emergency savings accounts to its stable of solutions, highlighting the increasingly apparent need to balance short-term and long-term financial priorities. DEALS AND PEOPLE Retirement Industry People Moves Smart hires group sustainability director, while SageView adds government and public sector retirement plan expert.  SMALL TALK ON THIS DATE: In 1770, at 14-years old Marie Antoinette married the future King Louis XVI of France, who was 15. In 1777, the British-born American patriot Button Gwinnett was fatally wounded in a duel. In 1866, the U.S. Congress authorized the first 5-cent piece to be minted. In 1888, the capitol of Texas was dedicated in Austin. In 1929, the first Academy Awards were held in Hollywood. In 1965, Spaghetti-O’s were sold for the first time. In 1980, Los Angeles Lakers point guard Earvin “Magic” Johnson stepped in for injured center Kareem Abdul-Jabbar and scored 42 points to lead the Lakers to their first championship since 1972. In 2014, broadcast journalist and TV personality Barbara Walters retired from ABC News and as co-host of the daytime program “The View,” after a landmark 50-year career on air. Did someone forward you this newsletter? Sign up here to get NEWSDash directly in your mailbox! Unsubscribe | Manage Subscriptions | Contact Us Copyright ©2024 Asset International, Inc. All rights reserved. No reproduction without prior authorization. Modern Slavery Statement 2022 | Do Not Sell My Personal Information | Privacy (including cookies), Social Media & Legal 702 King Farm Boulevard, Suite 300, Rockville, MD 20850