| | Benefits & Administration | | Retirement Investors Open to Technology Help | | Fully nine out of 10 Americans view technology as “more of a life necessity than a distraction,” Charles Schwab finds in a new survey report, “Man and Machines,” and this thinking applies directly to financial advice and the challenging process of planning for a successful retirement. Schwab identifies increasing trust and passion for technology across generations in the United States, especially when it comes to dealing with daily financial tasks and managing money for the long term. While the data set focused on several thousand affluent consumers, the findings are telling for the wider investment advice and retirement planning marketplace.Read more > | | | Sponsored message from SageView, Vanguard and Ayco | | Building a Stronger
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Read more > | | | Products, Deals & People | | The Maresh Yoshida 401k Group, a 401(k) advisory firm in Austin, is changing its corporate name to InTrust Fiduciary Group. The firm says it now provides consulting services to retirement plans of all sizes.Read more > | | | Market Mirror | | U.S. stock indices
closed slightly lower as investors are beginning to worry about a global
sell-off in government bonds that has been driving long-term borrowing costs
higher, according to the Associated Press. The Dow was down 36.94 points
(0.20%) at 18,068.23, the NASDAQ lost 17.38 points (0.35%) to finish at
4,976.19, and the S&P 500 closed 6.25 points (0.30%) lower at 2,099.08. The
Russell 2000 slipped 2.71 points (0.22%) to 1,233.12, and the Wilshire 5000
decreased 55.82 points (0.25%) to 22,168.99.
On the NYSE,
3.2 billion shares changed hands, with 1.2 declining issues for every advancing
issue. On the NASDAQ, 2.8 billion shares traded, with a 1.3 to 1 ratio of
decliners to advancers.
The price of
the 10-year Treasury note was up 7/32, decreasing its yield to 2.257%. The
price of the 30-year Treasury bond increased 13/32, bringing its yield down to
3.021%.
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