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Congress Passes SECURE 2.0
Congress Passes SECURE 2.0
The sweeping retirement reform will usher in both short- and long-term efforts to expand retirement savings to more Americans.
Data and Research
CDC Data Shows Increased Deaths and Lower Life Expectancy in 2021
However, the separate actuarial tables used for retirement planning and services may not follow the trend.
Most Read
UAW Members Ratify Contracts With Big 3 Automakers
Ask the Experts
Can a Plan Sponsor Limit Hardship Distributions?
Deals and People
Nomination Period Open for 2024 Plan Sponsor of the Year Awards
New orders for manufactured durable goods in November, down following three consecutive monthly increases, decreased $5.8 billion or 2.1% to $270.6 billion, the Census Bureau announced. This followed a 0.7% October increase. Excluding transportation, new orders increased 0.2%. Excluding defense, new orders decreased 2.6%. Transportation equipment, down following three consecutive monthly increases, drove the decrease, $6.1 billion or 6.3% to $91.3 billion.Sales of new single‐family houses in November were at a seasonally adjusted annual rate of 640,000, according to estimates released by the Census Bureau and the Department of Housing and Urban Development. This is 5.8% above the revised October rate of 605,000, but is 15.3% below the November 2021 estimate of 756,000.

Thursday, the Labor Department will issue its initial jobless claims report and Freddie Mac will update average mortgage rates for the week.
Friday, the Dow gained 176.44 points (0.53%) to close at 33,203.93, the Nasdaq increased 21.74 points (0.21%) to close at 10,497.86 and the S&P 500 increased 22.43 points (0.59%) to close at 3,844.82. The Russell 2000 increased 6.85 points (0.39%) to close at 1,760.93 and the Wilshire 5000 increased 210.67 points (0.56%) to close at 38,110.42.

The price of the 10-year Treasury note fell 6/32, bringing the yield to 3.673%. The price of the 30-year Treasury bond decreased 1 4/32, brining the yield to 3.727%

For the week ending December 23, the Dow gained 0.86%, the Nasdaq decreased 1.94% and the S&P 500 lost 0.20%. The Russell 2000 lost 0.14% and the Wilshire 5000 finished 0.28% lower.
Investment Service and Product Launches
Ameriprise testing retirement income planning service; Vanguard adds short-term tax-exempt bond ETF; Franklin Templeton starts ClearBridge sustainable infrastructure ETF; and more.
Retirement Industry People Moves
CBCF Names Verity’s Otto Vice Chairman; Spinelli promoted to co-CIO at Halbert Hargrove; Gallagher acquires Retirement, HR Advisory Buck; and more.
Deals and People
2023 Plan Sponsor of the Year Nominations Are Open
Do you know of or work for a plan sponsor that goes above and beyond to make retirement security a reality for employees?
In 1831, Charles Darwin set out on a voyage to the Pacific aboard the HMS Beagle for a voyage that helped him form the basis of his theories on evolution. In 1900, Prohibitionist Carrie Nation staged her first raid on a saloon at the Carey Hotel in Wichita, KS. She broke each and every one of the liquor bottles that could be seen. In 1904, James Barrie’s play “Peter Pan” premiered in London. In 1927, Leon Trotsky was expelled from the Communist Party. In 1945, The World Bank was created with an agreement signed by 28 nations. In 1947, The children’s television program “Howdy Doody,” hosted by Bob Smith, made its debut. In 1971, Snoopy, Charlie Brown, Linus, Lucy and Woodstock of Charles Schulz’ “Peanuts” comic strip were on the cover of “Newsweek” magazine. In 1978, Spain adopted a new constitution and became a democracy after 40 years of dictatorship. In 1979, Soviet forces seized control of Afghanistan. In 1985, American naturalist Dian Fossey was found murdered at a research station in Rwanda. In 1996, Taliban forces retook the strategic air base of Bagram, solidifying their buffer zone around Kabul, the Afghanistan capital. In 2000, Mario Lemeiux of the Pittsburgh Penguins returned to the National Hockey League as a player after more than three years of retirement. Lemieux had purchased the Pittsburgh Penguins during his retirement from playing and was the first owner-player in the modern era of pro sports. In 2001, U.S. President George W. Bush granted China permanent normal trade status with the United States.

For the remainder of the year-end holiday week the PLANSPONSOR NewsDASH newsletter will include a look back at some of the biggest stories, columns and features of 2022. Enjoy!  .
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