February 9th, 2023 Insight on Plan Design & Investment Strategy Every Weekday Benefits Delphi Pension Restoration Bill is Reintroduced Bipartisan measure would restore pensions to more than 20,000 retirees and provide back pay for benefits that were cut.  News Biden Uses Address to Pledge Support for Social Security, Medicare The president acknowledged pocketbook issues causing Americans financial stress and proposed legislation to address several in wide-ranging speech. Most Read Benefits Social Security COLA Increase to Add About $50 per Month in 2025 Administration Many Taxpayers Dodged Penalty Tax for Early Retirement Withdrawals Administration Bills to Ban Arbitration Clauses Reappear in House, Senate MARKET MIRROR Wednesday, the Dow dropped 207.68 (0.61%) to 33,949.01, the Nasdaq fell 203.27 (1.68%) to 11,910.52 and the S&P 500 fell 46.14 (1.11%) to 4,117.86. The Russell 2000 closed down 30.01 (1.52%) at 1,942.60 and the Wilshire fell 466.44 (1.12%) to 41,117.99. The price of the 10-year Treasury note fell 2/32, bringing the yield to 3.621%. The price of the 30-year Treasury bond fell 1/32, bringing the yield to 3.674%. UpFront Falling Short With a DB Plan According to a recent study, public sector workers will need Social Security, medical benefits and supplemental savings—all on top of their pension—to finance their retirement. Deals and People Financial Panel Busts Myths That May Be Limiting Diversity in the Field Wealth managers champion the industry for underrepresented groups that may be hesitant in considering the profession. ON THIS DATE In 1825, after no presidential candidate received a majority of electoral votes in the election of 1824, the House of Representatives voted to elect John Quincy Adams—who won fewer votes than Andrew Jackson in the popular election—as  president of the United States. Adams was the son of John Adams, the second president of the United States. In 1849, Laura Clay, the co-founder and first president of the Kentucky Equal Rights Association and one of the most important suffragists in the South, was born. In 1942, Congress pushed ahead standard time for the United States by one hour in each time zone, imposing daylight-saving time—called at the time “war time.” In 1943, the Word War II Battle of Guadalcanal ended with an Allied victory over Japan. In 1944, author Alice Walker, a Pulitzer Prize winner for her novel ”The Color Purple,” was born. In 1960, the official groundbreaking ceremony was held for the Hollywood Walk of Fame, with the first star dedicated on the historic walkway to actress Joanne Woodward, an Academy Award winner for film “The Three Faces of Eve.” In 2002, Princess Margaret—King George VI’s second daughter and the younger sister of Queen Elizabeth II—died in London. Did someone forward you this newsletter? Sign up here to get NEWSDash directly in your mailbox! Unsubscribe | Manage Subscriptions | Contact Us Copyright ©2024 Asset International, Inc. All rights reserved. No reproduction without prior authorization. Modern Slavery Statement 2022 | Do Not Sell My Personal Information | Privacy (including cookies), Social Media & Legal 702 King Farm Boulevard, Suite 300, Rockville, MD 20850