| | Living Longer Poses Retirement Challenge for Women | | Health care costs could take a bite out of anyone’s retirement income, but assuming average longevity for women and men, women need to plan for much higher retirement health care expenses than men, according to a report from HealthView Services, a provider of retirement health care cost data and planning tools to the retirement industry.Read more > | | Doing What’s Best for Participants Is a Balancing Act | | A GAO report about how certain DC plan design features can hinder retirement outcomes highlights how, even when making non-fiduciary decisions, there are questions about what is best for participants.Read more > | | | Market Mirror | Wednesday, the Dow climbed 297.84 points (1.55%) to 19,549.62, the NASDAQ closed 60.76 points (1.14%) higher at 5,393.76, and the S&P 500 increased 29.12 points (1.32%) to 2,241.35. The Russell 2000 was up 11.84 points (0.88%) at 1,364.50, and the Wilshire 5000 gained 290.62 points (1.25%) to finish at 23,486.30.
On the NYSE, 3.1 billion shares trade, with advancing issues outnumbering declining issues more than 3 to 1. On the NASDAQ, 2.9 billion shares changed hands, with a near 2 to 1 lead for advancers.
The price of the 10-year Treasury note increased 12/32, bringing its yield down to 2.347%. The price of the 30-year Treasury bond climbed 28/32, decreasing its yield to 3.031%. | | | Compliance | | Groups Ask Agencies to Pull Back on Form 5500 Modernization | | The American Benefits Council, the Committee on Investment of Employee Benefit Assets (CIEBA), the Society for Human Resource Management (SHRM) and the ERISA Industry Committee (ERIC) have asked regulators to lighten up on some of the requirements that would be imposed on plan sponsors by proposed modifications to Form 5500. The groups cite higher costs and burdens on employers, as well as the inevitability of “more frivolous litigation.”Read more > | | | Small Talk | | ON THIS DATE: In 1776, George Washington’s retreating army in the American Revolution crossed the Delaware River from New Jersey to Pennsylvania. In 1863, U.S. President Abraham Lincoln announced his plan for the Reconstruction of the South. 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. Britain and Canada also declared war on Japan. 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. In 1993, U.S. President Bill Clinton signed into law the North American Free Trade Agreement (NAFTA). In 1998, the U.S. Supreme Court ruled that police could not search a person or their cars after ticketing for a routine traffic violation. | | SURVEY SAYS: As many of you know we have now started alternating our holiday survey each year between favorite holiday movies and favorite holiday songs. Last year, we asked about favorite holiday movies, so this year it is time for our favorite holiday songs survey. You may select from a list or choose your own. You may respond to this week’s survey by 6 p.m. Pacific Time today.Read more > | | 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 > |
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