|
July 13th, 2022
Insight on Plan Design & Investment Strategy Every Weekday
|
|
|
Data and Research
|
|
How Planning for Retirement Has Evolved
|
 |
J.P. Morgan’s latest ‘Guide to Retirement’ examines the savings and spending patterns of today’s workers and retirees, and shows clearly that early savers have the best chance of success. 
|
|
|
|
|
|
|
|
| MARKET MIRROR |
Tuesday, the Dow fell 192.51 points (0.62%) to 30,981.33, the Nasdaq was down 107.87 points (0.95%) to close at 11,264.73 and the S&P 500 slipped 35.63 points (0.92%) to 3,818.80. The Russell 2000 decreased 3.83 points (0.22%) to 1,728.18 and the Wilshire 5000 fell 330.76 points (0.86%) to 37,994.70.
The price of the 10-year Treasury note increased 23/32, lowering its yield down to 2.977%. The price of the 30-year Treasury bond increased 3/32, lowering its yield down to 3.164%.
|
|
|
|
|
|
ASK THE EXPERTS
|
|
When Do RMDs Have to Start and What Is Maximum Normal Retirement Age?
|
|
“I read with interest your Ask the Experts Column stating that the maximum normal retirement age in a 457(b) plan for purposes of the last-three-years special catch-up election under 457(b)(3) has not yet increased from age 70.5 to age 72. Does this mean that the required beginning date for commencement of required minimum distributions has not increased from 70.5 to 72, either?”
|
|
|
|
|
ON THIS DATE: In 1787, the U.S. Congress passed the Northwest Ordinance of 1787, which laid the basis for the government of the Northwest Territory and for the admission of its constituent parts as states of the union. In 1832, Henry Rowe Schoolcraft identified the source of the Mississippi River as Lake Itasca in Minnesota. In 1861, General George B. McClellan and Union troops defeated Confederate forces in northwestern Virginia, an area that subsequently became West Virginia. In 1930, France defeated Mexico 4-1 and the United States topped Belgium 3-0 in the first-ever World Cup football matches, played simultaneously in host city Montevideo, Uruguay. In 1960, in Los Angeles, Senator John F. Kennedy of Massachusetts was nominated for the presidency by the Democratic Party Convention, defeating Senator Lyndon B. Johnson of Texas. In 2010, American businessman George Steinbrenner—who, while principal owner of the New York Yankees, became one of the most controversial personalities in Major League Baseball—died at age 80. In 2016, Theresa May, the Conservative Party leader, became the second woman prime minister of the United Kingdom, replacing David Cameron, who resigned after the country voted to leave the European Union.
|
|
|
| Industry Intel Roundup—Thought Leadership | | PLANSPONSOR is pleased to present the next edition of our Industry Intelligence roundup. This week, we are featuring content from thought leadership authorities. The content was created to educate, inform and offer ideas for plan sponsors regarding plan design, investing, administration and compliance. |  | | SPONSORED BY: AllianceBernstein | | The DC Imperative: Advance Investment Solutions to Strengthen the Retirement Lifeline | | Defined contribution plans are a critical component of retirement savings and, for many, can be a lifeline to financial security in retirement. However, participants want and need help to retire with dignity. We believe that the availability of enhanced investment solutions and today’s greater regulatory clarity make this the time for plan sponsors to act. |
|
|  | | SPONSORED BY: American Century Investments | | Cracking the Retirement Code: Income Replacement Rates | | Will future retirees have enough income to maintain their pre-retirement standard of living? A retirement plan without an income replacement plan is just a savings account, which could fall short of participants’ needs in retirement. |
|
|  | | SPONSORED BY: Alight Solutions and Alegeus | | The Vital Role of HSAs: More Than Just a Health Care Spending Vehicle | | This article explains how HSAs offer triple tax advantages, immediate and long-term financial benefits, and strategic value for both employees and employers, with tips for maximizing participation, minimizing fees, and integrating HSAs into retirement planning. |
|
|
Did someone forward you this newsletter? Sign up here to get NEWSDash directly in
your mailbox!
|
|
Copyright ©2026 Asset International, Inc. All rights reserved.
No reproduction without prior authorization.
|
|
702 King Farm Boulevard, Suite 300, Rockville, MD 20850
|
|
|
|
