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| Participants Not Overreacting to Market Swings | |
| Examining seven periods of extreme market volatility over a period of seven years, T. Rowe Price found that very few retirement plan investors moved out of stocks into cash or money market funds, and this was even more true among those with 100% of their portfolio in a target-date fund (TDF).Read more > | |
| 70% of Employees Not Price Shopping for Health Care | |
| Seventy percent of employees do not compare prices before shopping for medical services or pharmaceutical drugs, according to a May 2016 HealthMine survey of 750 consumers enrolled in wellness programs. Despite growing industry and consumer awareness that medical procedure costs vary widely by location and provider, only 29% of health benefit plan sponsors offer a price comparison tool, respondents reported.Read more > | |
| Sponsored message from Vanguard | |
| Retirement: From the mind of the TDF investor Edward Dinucci, William Lee Norton, Michael Pan, and John Croke This paper presents key findings from Vanguard’s target-date fund investor survey. The analysis focuses on investor’s anticipated uses of retirement savings.Read more > | |
| Market Mirror | |
Stocks closed at a new high for the year after a speech by Federal Reserve Chair Janet Yellen raised doubts over an interest rate hike this month, the Associated Press reports. Stock gains were led by energy companies as prices for oil and gas climbed. The Dow gained 113.27 points (0.64%) to finish at 17,920.33, the NASDAQ increased 26.20 points (0.53%) to 4,968.71, and the S&P 500 was up 10.89 points (0.52%) at 2,110.02. The Russell 2000 climbed 12.73 points (1.09%) to 1,176.87, and the Wilshire 5000 closed 123.57 points (0.57%) higher at 21,865.88. On the NYSE, 3.1 billion shares traded, and on the NASDAQ, 2.7 billion shares changed hands, with advancing issues outnumbering declining issues more than 2 to 1 on both exchanges. The price of the 10-year Treasury note decreased 10/32, bringing its yield up to 1.733%. The price of the 30-year Treasury bond fell 29/32, increasing its yield to 2.553%. | |
| Compliance | |
| IRS Weighs In on Tax Treatment of Wellness Incentives | |
| A memorandum from the Office of Chief Counsel of the IRS says cash rewards for participating in wellness programs should be included in an employee’s gross income.Read more > | |
| Small Talk | |
| ON THIS DATE: In 1775, the United Colonies changed their name to the United States. In 1903, Professor Pierre Curie revealed the discovery of Polonium. In 1929, the sovereign state of Vatican City came into existence as copies of the Lateran Treaty were exchanged in Rome. In 1942, the Battle of Midway ended. The sea and air battle lasted 4 days. Japan lost four carriers, a cruiser, and 292 aircraft, and suffered 2,500 casualties. The U.S. lost the Yorktown, the destroyer USS Hammann, 145 aircraft, and suffered 307 casualties. In 1955, “The $64,000 Question” premiered. In 1966, Sony Corporation unveiled its brand new consumer home videotape recorder. The black and white only unit sold for $995. In 1968, Legoland Billund opend in Billund, Denmark. It was the original Legoland park. In 1976, “The NBC Nightly News”, with John Chancellor and David Brinkley, aired for the first time. | |
| TRIVIAL PURSUITS: Think you know which U.S. states are the most northern, southern, eastern and western? Some answers may surprise you.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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