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| Improving Financial Wellness for Each Generation |
| While all generations can benefit from financial wellness education, each generation learns differently and has different challenges, and Gen X is especially vulnerable.Read more > |
| Retirees Have Advice for Younger Workers |
| Among retired U.S. adults, when asked to complete the sentence, “When I look back on what I might have done differently with my retirement savings, I should have..,” nearly two in five (39%) say they should have started saving earlier in their working life, according to a survey commissioned by Pentegra Retirement Services. Roughly three in five recommend those younger than them start saving earlier in their career (63%) or save more throughout their career (57%).Read more > |
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| Products, Deals and People |
| Pentegra Retirement Services has created Beyond the SmartPath, which offers indispensable advice from interviews with retirees about what they might have done differently as they look back on their working years.Read more > |
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| Market Mirror |
Major U.S. stock indices ended little changed yesterday. The Dow was down 8.01 points (0.05%) at 17,492.93, the NASDAQ decreased 3.78 points (0.08%) to 4,765.78, and the S&P 500 slipped 3.96 points (0.19%) to 2,048.36. The Russell 2000 was virtually unchanged at 1,111.36, and the Wilshire 5000 was up 6.87 points (0.03%) at 21,225.20.
On the NYSE, 3.1 billion shares changed hands, with a slight lead for decliners. On the NASDAQ, 2.7 billion shares traded, with a slight lead for advancing issues.
The price of the 10-year Treasury note was up 2/32, decreasing its yield to 1.836%. The price of the 30-year Treasury bond increased 5/32, bringing its yield down to 2.624%. |
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| Compliance |
| Supreme Court Revives Part of Verizon PRT Challenge |
| While agreeing with an appellate court’s decision that the transfer of pension plan liabilities to an insurer was a settlor function, the U.S. Supreme Court disagreed with the dismissal of certain plaintiffs’ claims for lack of standing.Read more > |
| BB&T Targeted in ERISA Self-Dealing Suit |
| Participants in BB&T Corporation retirement plans accuse the company of breaching the Employee Retirement Income Security Act (ERISA) by favoring its own proprietary investments options and recordkeeping services at the expense of performance.Read more > |
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| Small Talk |
| ON THIS DATE: In 1738, the Methodist Church was established. In 1764, Bostonian lawyer James Otis denounced “taxation without representation” and called for the colonies to unite in demonstrating their opposition to Britain’s new tax measures. In 1830, the first passenger railroad service in the U.S. began. In 1844, Samuel F.B. Morse formally opened America’s first telegraph line. The first message was sent from Washington, D.C., to Baltimore, Maryland. The message was “What hath God wrought?” In 1883, after 14 years of construction the Brooklyn Bridge was opened to traffic. In 1958, United Press International was formed through a merger of the United Press and the International News Service. In 1962, the officials of the National Football League ruled that halftime of regular season games would be cut to 15 minutes. In 1994, the four men convicted of bombing the New York’s World Trade Center were each sentenced to 240 years in prison. In 2001, Temba Tsheri, age 15, became the youngest person to reach the summit of Mount Everest. |
| TRIVIAL PURSUITS: You know that antonyms are words with opposite meanings and synonyms are words with similar meanings. Do you know what a contranym is?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 > |
