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Federal Judge Strikes Down DOL Rollover Advice Guidance
Federal Judge Strikes Down DOL Rollover Advice Guidance
A U.S. District Court ruled against Department of Labor interpretation that made rollover recommendations count as fiduciary advice.
Data and Research
Passive TDFs Continue Market Gains Against Active TDFs
Target-date funds invested passively extended an asset winning streak over their active-suite counterparts, new research found.
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Bills to Nullify the Retirement Security Rule Proposed in Congress
Dealing with Stress, Burnout in the HR, Benefits Department
Deals and People
BlackRock’s Retirement Head Ackerley Moving to Adviser Role
The Consumer Price Index for All Urban Consumers rose 0.5% in January on a seasonally adjusted basis, after increasing 0.1% in December, the Bureau of Labor Statistics reported. Over the last 12 months, the all-items index increased 6.4% before seasonal adjustment.
Tuesday, the Dow decreased 156.66 points (0.46%) to close at 34,089.27, the Nasdaq increased 68.36 points (0.57%) to close at 11,960.15 and the S&P 500 decreased 1.16 points (0.03%) to close at 4,136.13. The Russell 2000 decreased 1.23 points (0.06%) to close at 1,939.91 and the Wilshire 5000 increased 37.42 points (0.09%) to close at 41,292.58.

The price of the 10-year Treasury note decreased 26/32, bringing the yield to 3.753%. The price of the 30-year Treasury bond was unchanged, bringing the yield to 3.780%.  
U.S. Corporate Pension Funding Remains Largely Unchanged in January
Funding levels improved most for pension funds that have significant weighting towards equities, said Agilis.
How Frequently Can Emergency Withdrawals Be Taken Under SECURE 2.0?
Though I know the provision to allow for emergency distributions from retirement plans is not available until 2024, I’m a bit confused as to how frequently such distributions can be taken. Can the Experts clarify?
ON THIS DATE: In 1764, fur trader Auguste Chouteau settled the city of St. Louis at the confluence of the Mississippi and Missouri rivers. In 1820, Susan B. Anthony, an American suffrage strategist, lecturer and activist, was born. In 1898, an explosion in Havana harbor sank the battleship USS Maine, killing 260 American seamen and precipitating the Spanish-American War, which originated in the Cuban struggle for independence from Spain. In 1903, the first Teddy bear was marketed by toy store owner and inventor Morris Michtom, after he placed two stuffed bears in his shop window, advertising them as Teddy bears. Michtom had earlier petitioned President Theodore Roosevelt for permission to use his nickname, Teddy, and the president agreed. In 1953, Tenley Albright became the first American figure skater and first American woman to win the world championships and an Olympic gold medal in figure skating. In 1965, Canada officially adopted the Maple Leaf Flag following a royal proclamation. In 1989, under President Mikhail Gorbachev, the Soviet Union withdrew its last troops from Afghanistan after occupying the country since 1979.
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