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Lessons from Higher Ed Employers for Keeping the Workforce Churning
Lessons from Higher Ed Employers for Keeping the Workforce Churning
Employees retiring later can hinder younger workers’ career paths, but workforce management ideas from higher education employers may help.
The Six-Generation Workforce Is Here
During the next decade, it will become the norm for six generations of Americans to be working together, raising opportunities and challenges for employee benefit professionals.
Most Read
New Retirement Bill Amending ERISA Introduced in Congress
Pensions Will Recoup Losses From Allianz Structured Alpha Investments
Deals and People
Retirement Industry People Moves
Deals and People
Retirement Industry People Moves
Wilshire Phoenix names new partner for new division; Drinker Biddle & Reath hires new ERISA attorneys; and more.
Economic Events
THE ECONOMIC WEEK AHEAD: Today, the Census Bureau will report about new home sales for November. Tomorrow, it will report about durable goods orders for November. Thursday, the Labor Department will issue its initial claims report.
Market Mirror
Friday, the Dow increased 78.13 points (0.28%) to 28,455.09, the NASDAQ closed 37.74 points (0.42%) higher at 8,924.96, and the S&P 500 gained 15.85 points (0.49%) to finish at 3,221.22. The Russell 2000 was up 4.81 points (0.29%) at 1,671.90, and the Wilshire 5000 climbed 156.94 points (0.48%) to 32,811.23.

The prices of the 10-year Treasury note and 30-year Treasury bond each were up by 3/32, decreasing their yields to 1.916% and 2.342%, respectively.

WEEK’S WORTH: For the week ending December 20, the Dow was up 1.14%, the NASDAQ climbed 2.18%, and the S&P 500 increased 1.65%. The Russell 2000 gained 2.07%, and the Wilshire 5000 finished 1.77% higher.
How the SECURE Act Will Impact 403(b) Plans
Sponsors can distribute assets from a 403(b)(7) custodial account, along with other measures.
Ask the Experts
Contributing an RMD to a Charity
“One of our retirees who has been taking his required minimum distributions (RMDs) from his 403(b) account now wants us to send it directly to a charity, because he says he read that the RMD would not be taxable if he did this. I’ve never heard of this—could he possibly be correct? If so, what is the procedure to complete such a transaction?”
Millennials Favor ETFs in Their SDBAs
They also have a larger portion of their portfolios in cash than other generations, according to Charles Schwab.
Small Talk
ON THIS DATE: In 1788, Maryland voted to cede a 100-square-mile area for the seat of the national government. About two-thirds of the area became the District of Columbia. In 1823, the poem “A Visit from St. Nicholas” by Clement C. Moore (” ‘Twas the night before Christmas…”) was published. In 1880, Thomas Edison incorporated the Edison Electric Light Company of Europe. In 1913, the Federal Reserve Bill was signed into law by President Woodrow Wilson. The act established 12 Federal Reserve Banks. In 1941, during World War II, American forces on Wake Island surrendered to the Japanese. In 1942, Bob Hope agreed to entertain U.S. airmen in Alaska. It was the first of the traditional Christmas shows. In 1954, the Walt Disney movie “20,000 Leagues Under the Sea” was released. In 1972, the Pittsburgh Steelers beat the Oakland Raiders 13-7 in an NFL playoff game on a last-second play that was dubbed the “Immaculate Reception.” Pittsburgh’s Franco Harris caught a deflected pass and ran it in for the winning touchdown. In 1997, Terry Nichols was convicted by a Denver jury on charges of conspiracy and involuntary manslaughter in the 1995 federal building bombing in Oklahoma City.
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