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| Charles P. Nelson will spearhead tax-exempt and corporate markets and wealth management at Voya in his new role as retirement chief executive.Read more > | |
| Sponsored message from American Funds | |
| Webinar Invite – Evaluate TDFs for Better Participant Outcomes Join us on May 7 as industry professionals from American Funds discuss the five most important elements of the target date fund selection process. Register now for this 60-minute webinar, including a live Q & A.Read more > | |
| Market Mirror | |
Better than expected earnings reports led to gains for major U.S. stock indices yesterday. The Dow gained 208.63 points (1.17%) to finish at 18,034.93, the NASDAQ climbed 62.79 points (1.27%) to 4,994.60, and the S&P 500 increased 19.22 points (0.92%) to 2,100.40. The Russell 2000 closed 13.06 points (1.04%) higher at 1,264.92, and the Wilshire 5000 was up 194.83 points (0.88%) at 22,255.62. On the NYSE, 3.2 billion shares traded, with 2.4 advancing issues for every declining issue. On the NASDAQ, 2.8 billion shares changed hands, with a 2 to 1 lead for advancers. The price of the 10-year Treasury note was down 8/32, increasing its yield to 1.891%. The price of the 30-year Treasury bond decreased 30/32, bringing its yield up to 2.563%. | |
| From the Magazine | |
| Barry’s Pickings: Expanding Coverage | |
| Once again, President Barack Obama’s budget—now for 2016—includes an “Auto-IRA,” or automatic individual retirement account, proposal. For retirement savings policymakers, one of the most pressing issues is how to get the “78 million working Americans” not covered by a workplace retirement plan to start saving. Pretty much everyone thinks doing so would be a good idea. Here are four reasons to think twice.Read more > | |
| Investing | |
| Department of Labor advisory opinions make it challenging to include environmental, social or governance (ESG) investing themes in a tax-advantaged retirement plan, but some investment managers want to change that, and the reasons they cite probably differ from what industry practitioners expect.Read more > | |
| Plan Design Trend Improved Participant Allocations | |
| In a significant number of American households, defined contribution (DC) retirement plan participants’ investment allocations occupy the extremes, finds an analysis from Towers Watson. About 15% of investors shy away from equities entirely, while roughly 22% invest everything in equities. In “Asset Allocations: How American Workers Are Investing Their Retirement Savings,” Tusheng Huang and Gaobo Pang note that avoiding equity entirely forgoes opportunities for higher returns, and investing everything in equities poses the risk of major losses. However, according to the analysis, the extent of extreme investing declined from 2004 to 2013, suggesting that households are better diversifying their retirement portfolios.Read more > | |
| Small Talk | |
ON THIS DATE: In 1789, John Adams was sworn in as the first U.S. Vice President. In 1895, Woodville Latham and his sons, Otway and Gray, demonstrated their “Panopticon,” the first movie projector developed in the United States. In 1973, the song “Tie a Yellow Ribbon Round the Old Oak Tree,” by Tony Orlando and Dawn, topped the U.S. pop charts.
TUESDAY TRIVIA: Former U.S. President Bill Clinton was born William Jefferson Blythe, III, but had his last name legally changed as a teenage to that of his step father, Roger Clinton. | |
| TRIVIAL PURSUITS: How were the letter distribution and scores decided for the game Scrabble?Read more > | |
| Share the good news with a friend! Pass the Dash along – and tell your friends/associates they can sign up for their own copy.Read more > | |
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Editorial: Alison Cooke Mintzer alison.mintzer@strategic-i.com
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