June 22nd, 2022 Insight on Plan Design & Investment Strategy Every Weekday Cover The DE&I Lens How to adjust a retirement plan for diversity, equity and inclusion. Data and Research K-12 Educators Prefer Advisers for Retirement Planning Educators who work with an adviser are nearly twice as receptive to learning about managing finances from social media as their peers who do not. Most Read Deals and People LPL Terminates CEO Dan Arnold Administration IRS Provides Tax Relief for Those Impacted by Hurricane Helene Benefits Implementing Retirement Income Strategies ECONOMIC EVENTS Existing-home sales retreated in May for the fourth consecutive month, according to the National Association of Realtors. Month-over-month sales declined in three out of four major U.S. regions, while year-over-year sales slipped in all four regions. Total existing-home sales, completed transactions that include single-family homes, townhomes, condominiums and co-ops, fell 3.4% from April to a seasonally adjusted annual rate of 5.41 million in May. Year-over-year, sales receded 8.6% from 5.92 million in May 2021. Tuesday, the Dow was up 641.47 points (2.15%) to 30,530.25, the Nasdaq gained 270.95 points (2.51%) to 11,069.30, and the S&P 500 was up 89.95 points (2.45%) to 3,764.79. The Russell 2000 gained 28.34 points (1.70%) to 1,694.03, and the Wilshire 5000 was up 859.52 points (2.35%) to 37,387.17. The price of the 10-year Treasury note fell 5/32 raising its yield to 3.292%. The price of the 30-year Treasury bond fell 1 26/32 and its yield increased to 3.361%. UpFront Participants Pose Challenges to PRTs In general, plans may not cash out active employees, although there are exceptions. SMALL TALK ON THIS DATE: In 1772, Slavery was outlawed in England. In 1775, the Continental Congress issued $2 million in currency. In 1807, British seamen boarded the USS Chesapeake, a provocation that led to the War of 1812. In 1870, Congress created the Department of Justice. In 1898, Erich Maria Remarque, the author of the World War I novel “All Quiet on the Western Front”, was born in Osnabruck, Germany. In 1909, the first transcontinental auto race ended in Seattle. In 1939, the first U.S. water-ski tournament was held at Jones Beach, New York. In 1944, President Franklin D. Roosevelt signed the G.I. Bill, legislation designed to compensate returning members of the armed services—known as G.I.s—for their efforts in World War II. In 2009, Eastman Kodak Company announced that it would discontinue sales of the Kodachrome Color Film. In 2011, after 16 years on the run from law enforcement, James “Whitey” Bulger, a Boston mob boss wanted for 19 murders, was arrested in Santa Monica, California. 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