Employers better step up their employee retirement planning efforts: According to Fidelity Investments’ latest annual cost estimate, a 65-year-old couple retiring this year would need $280,000 to cover healthcare and medical expenses throughout their retirement. That’s a 2% increase from 2017, and a whopping 75% increase from Fidelity’s first estimate in 2002.
MONEYWATCH Planning on retiring at 65? Most Americans retire far earlier — and not by choice
The median retirement age for Americans is actually