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Products, Deals and People |
TIAA Plan Participant Clients Gain ‘Voice Biometric Authentication’ |
TIAA customers can create a “voiceprint” to securely identify themselves when they call to speak to a representative, transfer funds or check their account balances.Read more > |
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Economic Events |
The Conference Board Consumer Confidence Index, which had decreased slightly in July, increased in August. The Index now stands at 101.1 (1985=100), compared to 96.7 in July. The Present Situation Index rose from 118.8 to 123.0, while the Expectations Index improved from 82.0 last month to 86.4. |
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Sponsored message from MetLife |
The Opportunity for Lifetime Income The valuable role of institutional income annuities in defined contribution plans.Read more > |
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Market Mirror |
Tuesday, the Dow lost 48.69 points (0.26%) to finish at 18,454.30, the NASDAQ decreased 9.34 points (0.18%) to 5.222.99, and the S&P 500 was down 4.25 points (0.19%) at 2,176.13. The Russell 2000 increased by 1.08 (0.09%) to 1,246.02, and the Wilshire 5000 closed 37.33 points (0.17%) lower at 22,619.68.
On the NYSE, 3.1 billion shares changed hands, with a slight lead for declining issues. On the NASDAQ, 2.9 billion shares traded, with a slight lead for advancing issues.
The price of the 10-year Treasury note was down 1/32, increasing its yield to 1.565%. The price of the 30-year Treasury bond decreased 12/32, bringing its yield up to 2.234%. |
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Compliance |
Plans in Louisiana Flood Zone Given Hardship Withdrawal Flexibility |
The Internal Revenue Service (IRS) announced that 401(k)s and similar employer-sponsored retirement plans can make loans and hardship distributions to Louisiana flood victims and members of their families.Read more > |
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Ask the Experts |
What Is a Tiered Investment Lineup? |
“The recordkeeper for our Employee Retirement Income Security Act (ERISA) 403(b) plan recommended that we switch to a tiered approach for our investment lineup. However, I could not understand the recordkeeper’s explanation of what precisely a “tiered” investment lineup is. I tried to research the answer myself, but found that it appears to be defined differently in different retirement plans. Can the Experts shed some light on what constitutes a “tiered” investment lineup?”Read more > |
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Small Talk |
Each year, Nationwide, a provider of pet health insurance, recognizes the most clever, creative and quirky pet names across the nation. After a thorough selection process, the top 10 dog and 10 cat monikers were chosen from Nationwide’s database of more than 575,000 insured pets and put to a public vote, where McLoven the Stud Muffin and Agent Jack Meower were crowned the wackiest. How did the other nine rank?Read more > |
ON THIS DATE: In 1852, the first pre-stamped envelopes were created with legislation of the U.S. Congress. In 1881, the first tennis championships in the U.S. were played. In 1887, the kinetoscope was patented by Thomas Edison. The device was used to produce moving pictures. In 1920, the first news program to be broadcast on radio was aired. The station was 8MK in Detroit. In 1920, John Lloyd Wright was issued a patent for “Toy-Cabin Construction,” which are known as Lincoln Logs. In 1959, Sandy Koufax set a National League record by striking out 18 batters. In 1965, the Department of Housing and Urban Development was created by the U.S. House of Representatives and the Senate. In 1990, East and West Germany signed a treaty that meant the harmonizing of political and legal systems.
NOTE: Yesterday’s ON THIS DATE said Thurgood Marshall became the first black justice to sit on the Supreme Court in 1965. He actually was appointed in 1967.
WEDNESDAY WISDOM: “The actions of men are the best interpreters of their thoughts.”—James Joyce, Irish novelist and poet |
Share the good news with a friend! Pass the NewsDash along—and tell your friends/associates they can sign up for their own copy.Read more > |