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Multiple Ways to Glide to the Finish
Multiple Ways to Glide to the Finish
It’s not as simple as fixed income changing places with equities in an aging participant’s asset allocation.
Employers and Employees Can Benefit From Understanding Medicare
Medicare only covers several types of medical costs for retirees, not including premiums and deductibles. Experts say it’s time for both groups to learn what that means. 
Most Read
2021 Recordkeeping Survey
Data and Research
Employees Cite Several Reasons for Not Participating in Financial Wellness Programs
Plan Sponsors Might Mitigate ERISA Lawsuits With Defensive Provisions
Economic Events
Tomorrow, the Conference Board will release its Consumer Confidence Index for March. Thursday, the Labor Department will issue its initial claims report, and the Census Bureau will report about construction spending for February. Friday, the Bureau of Labor Statistics will reveal the unemployment rate for March.
Market Mirror
Friday, the Dow increased 453.40 points (1.39%) to 33,072.88, the Nasdaq was up 161.05 points (1.24%) at 13,138.73, and the S&P 500 gained 65.02 points (1.66%) to finish at 3,974.54. The Russell 2000 climbed 38.36 points (1.76%) to 2,221.48, and the Wilshire 5000 closed 652.96 points (1.59%) higher at 41,720.15.

The price of the 10-year Treasury note decreased 27/32, bringing its yield up to 1.684%. The price of the 30-year Treasury bond was down 7/32, increasing its yield to 2.390%.

For the week ending March 26, the Dow finished 1.36% higher, the Nasdaq was down 0.58%, and the S&P 500 gained 1.57%. The Russell 2000 fell 2.89%, and the Wilshire 5000 increased 0.67%.
Data and Research
Longstanding Savings Gaps by Race, Ethnicity Persist
A new EBRI analysis of data taken from the Federal Reserve’s Survey of Consumer Finances underscores the persistently and perniciously unequal distribution of retirement savings in the United States.
Deals and People
Retirement Industry People Moves
Northern Trust Front Office Solutions adds new leaders; Klinefelter Wilson rejoins Groom; and The Hartford rejects acquisition offer From Chubb.
Small Talk
ON THIS DATE: In 1638, the first permanent European settlement in Delaware was established. In 1848, Niagara Falls stopped flowing for one day due to an ice jam. In 1867, the British Parliament passed the North America Act to create the Dominion of Canada. In 1929, President Herbert Hoover had a phone installed at his desk in the Oval Office of the White House. In 1943, in the U.S. rationing of meat, butter and cheese began during World War II. In 1961, the 23rd amendment to the U.S. Constitution was ratified. The amendment allowed residents of Washington, D.C., to vote for president. In 1971, a jury in Los Angeles recommended the death penalty for Charles Manson and three female followers for the 1969 Tate-La Bianca murders. In 1973, two months after the signing of the Vietnam peace agreement, the last U.S. combat troops left South Vietnam as Hanoi freed the remaining American prisoners of war held in North Vietnam. In 1974, the unmanned U.S. space probe Mariner 10, launched by NASA in November 1973, became the first spacecraft to visit the planet Mercury, sending back close-up images of a celestial body usually obscured because of its proximity to the sun. In 1983, Erno Rubik was granted a patent for his Magic Cube. In 1993, Clint Eastwood won his first Oscars. He won them for best film and best director for the film “Unforgiven.”
SURVEY SAYS RESPONSES: Last week, I asked NewsDash readers, “Have you gotten or will you be getting vaccinated, and how do you feel about employers requiring employees to be vaccinated before returning to the office?” Among respondents, 28.3% reported they have gotten their first dose of a COVID-19 vaccine, while 23.3% said they are fully vaccinated. An additional 38.3% indicated they will get vaccinated, while 5% said they will not. Asked how they feel about employers requiring employees to be vaccinated for COVID-19 before returning to the office, 46.7% said they feel employers should be able to require it. One-third stated they feel employers should not be able to require it, and 20% indicated they are not sure how I feel about it. Reading the comments left by respondents was like listening to a debate about whether employers should be able to require employees to get vaccinated.
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