| | Benefits & Administration | | Yale Changes 403(b) Plan Investment Options | | Yale University has made changes to its retirement plan, including simplifying investment options. A university spokesperson told Yale News that the changes to the retirement plan were not in response to the ongoing litigation, explaining that the policy revisions were underway before the lawsuit was filed.Read more > | | Study Shows Why Targeted Financial Education Is Needed | | Among Asians, Blacks, caregivers, Latinos, LGBTQ Americans and women, Prudential Financial found some groups are better prepared for retirement, and some groups focus more on helping others than themselves.Read more > | | | Sponsored message from Franklin Templeton | A New Idea to Improve DC Plans
As Americans approach retirement, their needs change. This calls for an approach to enhancing DC plans with more tools, communications, and income solutions for near retirees. The solution? The Retirement Tier.Read more > | | | Market Mirror | Yesterday, the Dow lost 507.53 points (2.11%) to finish at 23,592.98, the NASDAQ closed 156.93 points (2.27%) lower at 6,753.73, and the S&P 500 decreased 54.01 points (2.08%) to 2,545.94. The Russell 2000 was down 32.67 points (2.32%) at 1,378.14, and the Wilshire 5000 fell 589.37 points (2.20%) to 26,159.97. The price of the 10-year Treasury note was up 10/32, decreasing its yield to 2.857%. The price of the 30-year Treasury bond increased 19/32, bringing its yield down to 3.115%. | | | Products, Deals and People | | Gallagher Creates Financial Wellness Consulting Practice | | Gallagher has created a unified consulting practice focused on delivering group and individual financial wellbeing solutions. Called the Financial & Retirement Services practice, the initiative aims to optimize “organizational wellbeing,” with accessibility to skill sets of retirement planning experts; investment solutions; independent fiduciary services; actuarial consulting services; executive benefit retention programs; and individual life insurance needs, according to the company.Read more > | | | Small Talk | | ON THIS DATE: In 1787, New Jersey became the third state to ratify the U.S. Constitution. In 1898, a new automobile speed record was set at 39 mph. In 1903, the Panama Canal Zone was acquired ‘in perpetuity’ by the U.S. for an annual rent. In 1917, the Eighteenth Amendment to the U.S. Constitution, establishing the prohibition of “intoxicating liquors,” was passed by the U.S. Senate and then officially proposed the states. In 1944, the U.S. Supreme Court upheld the wartime relocation of Japanese-Americans, but also stated that undeniably loyal Americans of Japanese ancestry could not be detained. In 1950, NATO foreign ministers approved plans to defend Western Europe, including the use of nuclear weapons, if necessary. In 1956, Japan was admitted to the United Nations. In 1957, the Shippingport Atomic Power Station in Pennsylvania went online. It was the first nuclear facility to generate electricity in the United States. It was taken out of service in 1982. In 1972, the United States began the heaviest bombing of North Vietnam during the Vietnam War. In 1979, the sound barrier was broken on land for the first time by Stanley Barrett when he drove at 739.6 mph. In 1987, Ivan F. Boesky was sentenced to three years in prison for plotting Wall Street’s biggest insider-trading scandal. He only served about two years of the sentence. In 1998, the House of Representatives began the debate on the four articles of impeachment concerning President Bill Clinton. In 2009, General Motors announced that it would shut down its Saab brand. | | TRIVIAL PURSUITS: Whose facial image has appeared on currency in more than 30 different countries?Read more > | | Share the news with a friend! Pass the NewsDash along and tell your friends/associates they can sign up for their own copy.Read more > |
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