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Insight on Plan Design & Investment Strategy Every Weekday
Helping Participants Understand Tax Considerations for Retirement Plans
Helping Participants Understand Tax Considerations for Retirement Plans
Understanding all the tax implications of qualified retirement plans can be daunting, but there are a few key things participants should know.
Ways to Combat Pervasive Leakage
The Savings Preservation Working Group says that at least 33% and as many as 47% of plan participants withdraw part or all of their retirement savings when switching jobs.
Most Read
IRS Updates Life Expectancy Tables for Retirees
Recent TDF Performance Lawsuits Raise Insurer Ire
Ask the Experts
Should Each Recordkeeper Use Its Own Plan Document?
Ensuring a Clean Recordkeeper Conversion
There are steps retirement plan sponsors can take before converting to a new recordkeeper to minimize any “clean up” afterwards; however, there is always follow up to do.
Deals and People
Retirement Industry People Moves
Cohen & Steers appoints Sony Music VP to board of directors; FTJ Retirement Advisors partners with retirement planning marketplace company; Edelman Financial Engines appoints workplace business leader; and more.
Economic Events
September sales of merchant wholesalers, except manufacturers’ sales branches and offices, after adjustment for seasonal variations and trading day differences but not for price changes, were $498.6 billion, virtually unchanged from the revised August level, but down 0.6% from the September 2018 level. The July to August percent change was revised from the preliminary estimate of virtually unchanged to down 0.1%. THE ECONOMIC WEEK AHEAD: Wednesday, the Bureau of Labor Statistics (BLS) will reveals the consumer price index for October. Thursday, the Labor Department will issue its initial claims report, and the BLS will reveal the producer price index for October. Friday, the Census Bureau will report about retail sales for October and business trade for September.
Market Mirror
Friday, the Dow was up 6.44 points (0.2%) at 27,681.24, the NASDAQ climbed 40.80 points (0.48%) to 8,475.31, and the S&P 500 increased 7.90 points (0.26%) to 3,093.08. The Russell 2000 gained 4.87 points (0.31%) to finish at 1,598.86, and the Wilshire 5000 closed 87.83 points (0.28%) higher at 31,505.09. The price of the 10-year Treasury note was down 2/32, increasing its yield to 1.942%. The price of the 30-year Treasury bond decreased 15/32, bringing its yield up to 2.425%. WEEK’S WORTH: For the week ending November 8, the Dow climbed 1.22%, the NASDAQ gained 1.06%, and the S&P 500 finished 0.85% higher. The Russell 2000 was up 0.60%, and the Wilshire 5000 increased 0.76%.
Plan Sponsor Coach
Health Savings Strategies
FSAs, HSAs and HRAs differ—but how?
Small Talk
ON THIS DATE: In 1831, Nat Turner, a slave and educated minister, was hanged in Jerusalem, Virginia, after inciting a violent slave uprising. In 1851, the telescope was patented by Alvan Clark. In 1889, Washington became the 42nd state of the United States. In 1918, World War I came to an end when the Allies and Germany signed an armistice. This day became recognized as Veteran’s Day in the United States. In 1921, the Tomb of the Unknowns was dedicated at Arlington Cemetery in Virginia by President Warren Harding. In 1940, the Jeep made its debut. In 1946, the New York Knickerbockers (now the Knicks) played their first game at Madison Square Garden. In 1972, the Army turned over its base at Long Bihn to the South Vietnamese army. The event symbolized the end of direct involvement in the Vietnam War by the U.S. military. In 1986, Sperry Rand and Burroughs merged to form “Unisys,” becoming the second largest computer company. In 1993, in Washington, D.C., the Vietnam Women’s Memorial was dedicated to honor the more than 11,000 women who had served in the Vietnam War.

A big thank you to all who have served!
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