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| Products, Deals and People | |
| Natixis Responds to Its Employees’ Student Debt Dilemma | |
| John Hailer, president and CEO of Natixis Global Asset Management in the Americas and Asia, says the company has heard loud and clear from its younger employees about the toll student debt can take on other financial obligations, especially saving for retirement and purchasing other helpful supplementary workplace benefits.Read more > | |
| Market Mirror | |
Yesterday, the Dow was down 117.12 points (0.66%) at 17,730.51, the NASDAQ closed 40.46 points (0.79%) lower at 5,101.81, and the S&P 500 decreased 14.62 points (0.70%) to 2,077.07. The Russell 2000 lost 19.11 points (1.61%) to finish at 1,164.29, and the Wilshire 5000 fell 171.73 points (0.80%) to 21,330.01. On the NYSE, 3.2 billion shares traded, with declining issues outnumbering advancing issues 4 to 1. On the NASDAQ, 2.7 billion shares changed hands, with a more than 3 to 1 lead for decliners. The price of the 10-year Treasury note was up 4/32, decreasing its yield to 2.218%. The price of the 30-year Treasury bond increased 11/32, bringing its yield down to 2.947%. | |
| Sponsored message from SEI | |
| 5 Questions Every Plan Sponsor Should Ask About Retirement Income With a growing percentage of the workforce reporting insufficient retirement savings, DC plan sponsors are feeling the pressure to provide innovative solutions to better prepare participants for retirement.Read more > | |
| Compliance | |
| Form 5500 Deadline Extension Repealed | |
| Tucked inside the newly passed Fixing America’s Surface Transportation (FAST) Act of 2015 is a provision setting the deadline for Form 5500 filing extensions back to two and one-half months after the original filing deadline.Read more > | |
| Items Coming from the GASB in December | |
| The Governmental Accounting Standards Board has announced a number of projects it will complete before the end of 2015 that will affect government pensions.Read more > | |
| Investing | |
| Savings Most Vulnerable in Retirement Red Zone | |
| Michael Rosenberg, head of investment-only defined contribution business for Prudential Investments, warns investors not to leave their portfolios exposed to “bad luck” in the five or 10 years before retirement. In fact, according to Rosenberg, the market conditions that define the decade before an individual retires can dramatically alter what their life will be like once they’re in retirement.Read more > | |
| Small Talk | |
| ON THIS DATE: In 1863, U.S. President Abraham Lincoln announced his plan for the Reconstruction of the South. In 1863, Tom King of England defeated American John Heenan and became the first world heavyweight champion. In 1886, at a convention of union leaders in Columbus, Ohio, the American Federation of Labor was founded. In 1941, the United States entered World War II when it declared war against Japan. The act came one day after the Japanese attacked Pearl Harbor. In 1952, on the show “I Love Lucy,” a pregnancy was acknowledged in a TV show for the first time. In 1987, U.S. President Reagan and Soviet leader Mikhail S. Gorbachev signed a treaty agreeing to destroy their nations’ arsenals of intermediate-range nuclear missiles. | |
| TRIVIAL PURSUITS: You probably know a group of fish is called a ‘school,’ and a group of dogs is called a ‘pack,’ but I bet the names for groups of some animals would stump you.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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