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November 20th, 2019
Insight on Plan Design & Investment Strategy Every Weekday
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Opinions
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Why Americans Need the SECURE Act
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The president and chief operating officer of Nationwide Financial makes a case for how passage of the SECURE Act will improve Americans’ retirement security. 
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| Economic Events |
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Privately‐owned housing starts in October were at a seasonally adjusted annual rate of 1,314,000, the Census Bureau reported. This is 3.8% above the revised September estimate of 1,266,000 and is 8.5% above the October 2018 rate of 1,211,000. Single‐family housing starts in October were at a rate of 936,000; this is 2.0% above the revised September figure of 918,000. The October rate for units in buildings with five units or more was 362,000.
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| Market Mirror |
Tuesday, the Dow lost 102.20 points (0.36%) to finish at 27,934.02, the NASDAQ closed 20.72 points (0.24%) higher at 8,570.66, and the S&P 500 slipped 1.85 points (0.06%) to 3,120.18. The Russell 2000 increased 5.95 points (0.37%) to 1,598.29, and the Wilshire 5000 was up 8.71 points (0.03%) at 31,769.20.
The price of the 10-year Treasury note was up 3/32, decreasing its yield to 1.784%. The price of the 30-year Treasury bond increased 11/32, bringing its yield down to 2.252%.
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From the Magazine
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Have Non-ERISA Plans Improved?
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Non-ERISA 403(b) plans are evolving toward improved plan governance, according to findings from the 2019 PLANSPONSOR Defined Contribution (DC) Survey.
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SPONSORED BY: Pavilion, a Mercer Practice
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Investment Beliefs:
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Governance Bedrock for Investment Committees 
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ON THIS DATE: In 1789, New Jersey became the first state to ratify the Bill of Rights. In 1943, during World War II, U.S. Marines began their landing on Tarawa and Makin atolls in the Gilbert Islands. In 1945, 24 Nazi leaders went before an international war crimes tribunal in Nuremberg, Germany. In 1962, the Cuban Missile Crisis ended. The Soviet Union removed its missiles and bombers from Cuba and the U.S. ended its blockade of the island. In 1962, Mickey Mantle was named the American League Most Valuable Player for the third time. In 1967, the Census Clock at the Department of Commerce in Washington, D.C., went past 200 million. In 1983, an estimated 100 million people watched the controversial ABC-TV movie “The Day After.” The movie depicted the outbreak of nuclear war. In 1986, Dr. Halfdan Maher, the director of the World Health Organization, announced the first coordinated global effort to fight the disease AIDS. In 1986, the one billionth Little Golden Book was printed. The title was The Poky Little Puppy. In 1993, the Senate passed the Brady Bill and legislation implementing North American Free Trade Agreement (NAFTA). In 2001, the U.S. Justice Department headquarters building was renamed the Robert F. Kennedy building by President George W. Bush. The event was held on what would have been Kennedy’s 76th birthday.
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WEDNESDAY WISDOM: “There are more things … likely to frighten us than there are to crush us; we suffer more often in imagination than in reality.”—Roman philosopher Seneca
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