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PLANSPONSOR NEWSDASH LOGO November 1st, 2021
Insight on Plan Design & Investment Strategy Every Weekday
Investing
Using Annuities as an Alternative to Bonds to Secure Retirement Outcomes
Using Annuities as an Alternative to Bonds to Secure Retirement Outcomes
In a low interest rate environment, annuities provide an option that reduces longevity and sequence-of-return risks.
Data and Research
Millennials Could Use Short-Term Financial Wellness Help
One survey reveals they feel least confident about their short-term finances and another says many of them are getting financial help from their parents.
Most Read
Research
2021 DC Plan Benchmarking Survey
Data and Research
Working Past Age 65 May Seem Like a Great Idea …
Data and Research
2022 Retirement Industry Trends to Follow
Economic Events
Today, the Census Bureau will report about construction spending for September. Wednesday, the Census Bureau will report about durable goods orders and factory orders for September. Thursday, the Labor Department will issue its initial claims report, and Freddie Mac will update average mortgage rates for the week. Friday, the Bureau of Labor Statistics will reveal the unemployment rate for October.
Market Mirror
Friday, the Dow gained 89.08 points (0.25%) to finish at 35,819.56, the Nasdaq increased 50.27 points (0.33%) to 15,498.39, and the S&P 500 was up 8.96 points (0.19%) at 4,605.38. The Russell 2000 was virtually unchanged at 2,297.19, and the Wilshire 5000 closed 77.46 points (0.16%) higher at 47,795.10.

The price of the 10-year Treasury note was up 1/32, decreasing its yield to 1.562%. The price of the 30-year Treasury bond increased 31/32, bringing its yield down to 1.946%.

For the week ending October 29, the Dow increased 0.40%, the Nasdaq climbed 2.71%, and the S&P 500 gained 1.33%. The Russell 2000 was up 0.26%, and the Wilshire 5000 finished 1.09% higher.
Products
Franklin Templeton to Offer Technology Through iJoin’s Personalized Managed Accounts
With the partnership, participants in smaller plans will have access to a goals-based investing solution.
Deals and People
Retirement Industry People Moves
AIG announces senior leadership changes; T. Rowe Price to acquire Oak Hill Advisors; Dimensional appoints new head of responsible investment; and more.
Small Talk
ON THIS DATE: In 1512, the ceiling of the Sistine Chapel in Rome, one of Italian artist Michelangelo’s finest works, was exhibited to the public for the first time. In 1800, President John Adams became the first president to live in the White House. In 1864, the Post Office started selling money orders. The money orders provided a safe way to payments by mail. In 1870, the U.S. Weather Bureau made its first meteorological observations using 24 locations that provided reports via telegraph. In 1950, Griselio Torresola and Oscar Collazo attempted to assassinate President Harry S. Truman at the Blair House in Washington, D.C. Truman escaped unscathed. In 1952, the United States detonated the world’s first thermonuclear weapon, the hydrogen bomb, on Eniwetok atoll in the Pacific. In 1968, the movie rating system of G, M, R, X, followed by PG-13 and NC-17 went into effect. In 1994, the Amazon.com domain name was registered.
SURVEY SAYS RESPONSES: Last week, I asked NewsDash readers, “Which team do you want to win the World Series?” Seven in 10 respondents want the Atlanta Braves to win the 2021 World Series, while 17% are pulling for the Houston Astros and 13% said they don’t care which team wins. Some of the readers who chose to leave a comment explained their choices, and there was quite a bit of the use of the word “cheaters.” Editor’s Choice goes to the reader whose comment was something that would be fitting for NewsDash’s WEDNESDAY WISDOM: “Never allow the fear of striking out keep you from playing the game!”-Babe Ruth. Excellent life lesson.” A big thank you to all who participated in the survey!
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