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Sponsored message from PIMCO |
Rationality and Retirement: Mutually Exclusive? |
Cognitive biases may lead to suboptimal judgments. Behavioral science-based nudges may help.Read more > |
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Market Mirror |
Wednesday, the Dow lost 100.72 points (0.39%) to finish at 25,776.61, the NASDAQ closed 34.88 points (0.45%) lower at 7,750.84, and the S&P 500 was down 8.09 points (0.28%) at 2,856.27. The Russell 2000 decreased 13.62 points (0.88%) to 1,531.63, and the Wilshire 5000 fell 110.03 points (0.37%) to 29,476.82. The price of the 10-year Treasury note was up 4/32, decreasing its yield to 2.386%. The price of the 30-year Treasury bond increased 29/32, bringing its yield down to 2.811%. |
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Benefits & Administration |
PRT Transactions Surged in First Quarter of 2019 |
Data from LIMRA Secure Retirement Institute shows a 240% increase in pension risk transfer activity in the first quarter of 2019 relative to the same period in 2018.Read more > |
Multiemployer Pensions Support $89 Billion in U.S. Economic Output |
A report from the National Institute on Retirement Security shows spending from retirees that receive income from multiemployer pension plans helps the economy, but that could be affected if the multiemployer pension crisis is not resolved.Read more > |
HSA Cybersecurity: A Threat That is Growing |
Health savings account (HSA) holders are encouraged to save the money in their accounts for long-term health care expenses, but the less they use their accounts, the greater the risk for fraud and identity theft.Read more > |
Considering Balance Sheet Issues for Pension Risk Transfers |
A pension risk transfer (PRT) to terminate a defined benefit (DB) plan reflects heavily on a plan sponsor’s balance sheet, which may stop in its tracks a decision to do so.Read more > |
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Small Talk |
ON THIS DATE: In 1701, in London, Captain William Kidd was hanged after being convicted of murder and piracy. In 1785, Benjamin Franklin wrote in a letter that he had invented bifocals. In 1788, South Carolina became the eighth state to ratify the U.S. Constitution. In 1876, Boston’s Joe Borden pitched the very first no-hitter in the history of the National League. In 1879, the first U.S. veterinary school was established by Iowa State University. In 1895, the New York Public Library was created with an agreement that combined the city’s existing Astor and Lenox libraries. In 1900, Civil War hero Sgt. William H. Carney became the first African American to receive the Medal of Honor, 37 years after the Battle of Fort Wagner. In 1934, in Bienville Parish, Louisiana, Bonnie Parker and Clyde Barrow were ambushed and killed by Texas Rangers. In 1937, industrialist John D. Rockefeller died. In 1949, the Republic of West Germany was established. In 1999, Gerry Bloch, at age 81, became the oldest climber to scale El Capitan in Yosemite National Park. He broke his own record that he set in 1986 when he was 68 years old. No SURVEY SAYS this week. |
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