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| Helping Baby Boomers Address Retirement Fears and Risks | |
| Plan sponsors can educate Baby Boomers nearing retirement about what risks they face and provide them with helpful planning opportunities.Read more > | |
| Market Mirror | |
Monday, the Dow was up 16.50 points (0.09%) at 18,533.05, the NASDAQ gained 26.19 points (0.52%) to finish at 5,055.78, and the S&P 500 increased 5.76 points (0.27%) to 2,167.50. The Russell 2000 climbed 30.54 points (2.59%) to 1,207.90, and the Wilshire 5000 closed 52.32 points (0.23%) higher at 22,441.19. On the NYSE, 3.1 billion shares traded, with 1.7 advancing issues for every declining issue. On the NASDAQ, 2.7 billion shares changed hands, with a slight lead for advancers. The price of the 10-year Treasury note was down 11/32, increasing its yield to 1.585%. The price of the 30-year Treasury bond decreased 24/32, bringing its yield up to 2.295%. | |
| Sponsored message from Vanguard | |
| Rising interest rates: Weighing risk for TDF retirees Matthew C. Brancato, CFA, CPA; Scott J. Donaldson CFA, CFP(r), David C. Pakula This paper discusses higher interest rate environment and target-date funds. A hike in interest rates can be a positive development for retirees.Read more > | |
| Compliance | |
| Appellate Court Revives Berkshire Hathaway ERISA Suit | |
| Berkshire Hathaway’s decision to freeze a subsidiary’s pension plan will get another look in district court.Read more > | |
| Bill Would Move PBGC Premiums ‘Off Budget’ | |
| Senator Mike Enzi (R-Wyoming) has introduced S.3240, described as a bill to prohibit the use of premiums paid to the Pension Benefit Guaranty Corporation as an offset for other federal spending.Read more > | |
| Universal Retirement Plan Bill Introduced | |
| U.S. Representative Joe Crowley (D-New York), vice chair of the Democratic Caucus, introduced the Secure, Accessible, Valuable, Efficient Universal Pension Accounts (SAVE UPs) Act. The bill would require employers with 10 or more employees that do not already offer a retirement plan to contribute 50 cents per hour worked, per employee, to retirement accounts for employees. In addition, employees would be automatically enrolled.Read more > | |
| Small Talk | |
| ON THIS DATE: In 1799, the Rosetta Stone, a tablet with hieroglyphic translations into Greek, was found in Egypt. In 1848, the Women’s Rights Convention took place in Seneca Fall, New York. Bloomers were introduced at the convention. In 1964, in Illinois, Cahokia Mounds was designated as a U.S. National Landmark. In 1971, in New York, the topping out ceremony for Two World Trade Center (South Tower) took place. In 1974, the House Judiciary Committee recommended that U.S. President Richard Nixon should stand trial in the Senate for any of the five impeachment charges against him. In 1984, Geraldine Ferraro was nominated by the Democratic Party to become the first woman from a major political party to run for the office of U.S. Vice President. In 1985, Christa McAuliffe of New Hampshire was chosen to be the first schoolteacher to ride aboard the space shuttle. | |
| TRIVIAL PURSUITS: How much water can a 10-gallon hat hold?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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Editorial: Alison Cooke Mintzer alison.mintzer@strategic-i.com
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