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Data and Research
The Pandemic Hasn’t Affected Retirement Savings Overall
The Pandemic Hasn’t Affected Retirement Savings Overall
Some Americans report having difficulty saving for retirement during the pandemic, but researchers found 401(k) contributions remained steady and mass withdrawals did not occur.
What’s on the Minds of Plan Sponsors?
To assist plan sponsors with decisions for 2021, PLANSPONSOR is hosting a one-day forum to address specific areas of retirement program design that may be presenting the biggest challenges. Hear what research has determined about plan sponsors’ priorities—including those that are ongoing and those that have been newly shaped by the COVID-19 pandemic. Listen to your peers discuss defined contribution (DC) plan investment menus, financial wellness programs and retirement income. These discussions will help you craft benefits that serve the needs of your unique workforce and help you meet your fiduciary duties. Register today to attend.
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House Committee Approves Bill Aimed at Increasing Retirement Plan Coverage
Data and Research
Working Past Age 65 May Seem Like a Great Idea …
Employees Don’t Want ‘All or Nothing’ When It Comes to Guaranteed Lifetime Income
Economic Events
The combined value of distributive trade sales and manufacturers’ shipments for December, adjusted for seasonal and trading day differences but not for price changes, was estimated at $1,494.2 billion, up 0.8% from November and up 2.5% from December 2019, the Census Bureau reported.

Advance estimates of U.S. retail and food services sales for January, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $568.2 billion, an increase of 5.3% from the previous month, and 7.4% above January 2020. Total sales for the November through January period were up 4.6% from the same period a year ago. Retail trade sales were up 5.1% from December, and 10.8% above last year. Nonstore retailers were up 28.7% from January 2020, while sporting goods, hobby, musical instrument and book stores were up 22.5% from last year.
Market Mirror
Wednesday, the Dow increased 90.27 points (0.29%) to 31,613.02, the Nasdaq closed 82.00 points (0.58%) lower at 13,965.50, and the S&P 500 was down 1.26 points (0.03%) at 3,931.33. The Russell 2000 lost 16.78 points (0.74%) to finish at 2,256.11, and the Wilshire 5000 decreased 97.70 points (0.23%) to 41,932.31.

The price of the 10-year Treasury note was up 3/32, decreasing its yield to 1.286%. the price of the 30-year Treasury bond climbed 32/32, bringing its yield down to 2.051%.
Employers Begin to See Long-Term Value of Stock Options
Equity compensation has not traditionally been used for retirement savings, but there are ways to incorporate it into employees’ long-term financial plans.
Evaluating ‘To’ vs. ‘Through’ Glide Paths
The goal for account balances and participants’ distribution behavior at retirement can help plan sponsors determine which glide path is right.
Small Talk
ON THIS DATE: In 1564, the artist Michelangelo died in Rome. In 1885, Mark Twain published his famous novel “The Adventures of Huckleberry Finn.” In 1929, the Academy of Motion Picture Arts and Sciences announced the winners of the first Academy Awards. In 1930, Pluto, once believed to be the ninth planet, was discovered at the Lowell Observatory in Flagstaff, Arizona, by astronomer Clyde W. Tombaugh. In 1952, Greece and Turkey became members of NATO. In 1970, the Chicago Seven defendants were found innocent of conspiring to incite riots at the 1968 Democratic national convention. In 1972, the California Supreme Court struck down the state’s death penalty. In 2001, NASCAR driver Dale Earnhardt, Sr., was killed in a crash during the Daytona 500 race. In 2006, American Shani Davis won the men’s 1,000-meter speedskating in Turin. He was the first black athlete to win an individual gold medal in Winter Olympic history.
SURVEY SAYS: Employees who have been financially affected by the COVID-19 pandemic might have pushed their planned retirement timing to a later date. Safety concerns about going into the workplace, or the sense that “You only live once,” might have caused some to decide to retire earlier than planned. However, the ability to work remotely could have alleviated safety concerns as well as aggravations employees were looking for to getting rid of at retirement, such as the daily commute. This week, I’d like to know, has the pandemic changed your retirement date? You may respond to this week’s survey by 6 p.m. Pacific time today.
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