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November 15th, 2022
Insight on Plan Design & Investment Strategy Every Weekday
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Compliance
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What SECURE 2.0 Could Mean For Emergency Savings
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The SECURE 2.0 retirement reform package contains various emergency savings provisions designed to boost Americans’ financial security and the long-term growth of their retirement savings. 
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| Market Mirror |
Monday, the Dow fell 211.16 points (0.63%) to close at 33,536.70, the Nasdaq dropped 127.11 points (1.12%) to close at 11,196.22 and the S&P 500 declined 35.68 points (0.89%) to close at 3,957.25. The Russell 2000 fell 21.49 points (1.14%) to end trading at 1,861.25 and the Wilshire 5000 declined 396.86 points (1.00%) to close at 39,438.76.
The price of the 10-year Treasury fell 0/32, bringing the yield up to 3.860%. The price of the 30-year Treasury bond fell 1/32, bringing the yield to 4.041%.
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SURVEYS
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CIO’s Transition Management Survey
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Are you a provider of transition management services and would like to make your services known to institutional investors? If so, you are invited to respond to CIO’s Transition Management Survey.
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In 1777, The Continental Congress approved the Articles of Confederation, precursor to the U.S. Constitution. In
1806, Explorer Zebulon Pike spotted the mountaintop that became known as Pikes Peak. In 1864, Union Gen. William T. Sherman and his troops began their “March to the Sea” during the U.S. Civil War. In 1867, the first stock ticker was unveiled in New York City. In 1926, The National Broadcasting Co. debuted with a radio network of 24 stations. The first network radio broadcast was a four-hour “spectacular.” In 1939, U.S. President Franklin Roosevelt laid the cornerstone of the Jefferson Memorial in Washington, DC. In 1956, Elvis Presley made his acting debut in the premiere of the movie Love Me Tender. In 1966, The flight of Gemini 12 ended successfully as astronauts James A. Lovell and Edwin “Buzz” Aldrin Jr. splashed down safely in the Atlantic Ocean. In 1969, In Washington, DC, a quarter of a million protesters staged a peaceful demonstration against the Vietnam War. In 1992, Richard Petty drove in the final race of his 35-year career. In 2006, Andy Warhol’s painting of Communist Party Chairman Mao Zedong sold for $17.4 million. In 2017, Leonardo da Vinci’s painting “Salvator Mundi” sold for $450.3 million at auction. The sale set a record for the most expensive painting sold at a public auction.
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