|
DC Participant Loan Takers Go on to Save Less |
Earlier this year Fidelity reviewed loan and
withdrawal activity among 21,200 retirement plans and 13.5 million
participants, finding loans are often viewed as an unavoidable financial
necessity for those taking them. Part of what makes taking loans harmful for
the long-term is that those who take one loan are likely to take at least one
more in the future. In addition, Fidelity finds borrowers tend to save less on
average over time after their first loan.Read more > |
|
Economic Events |
The Conference Board Consumer Confidence Index,
which had decreased moderately in October, declined further in November. The
Index now stands at 90.4 (1985=100), down from 99.1 in October. The Present
Situation Index decreased from 114.6 last month to 108.1 in November, while the
Expectations Index declined to 78.6 from 88.7 in October. |
|
Sponsored message from Wells Fargo |
PLANSPONSOR interviews Joe Ready Stephen Moylan interviews Joe Ready, EVP at Wells Fargo Institutional Retirement and Trust. Ready discusses the evolution of 401(k) plans and the future of retirement planning.Read more > |
|
Market Mirror |
Yesterday,
the Dow closed 19.51 points (0.11%) higher at 17,812.19, the NASDAQ was
virtually unchanged at 5,102.81, and the S&P 500 was up 2.58 points (0.12%)
at 2,089.17. The Russell 2000 increased 8.46 points (0.72%) to 1,188.81, and
the Wilshire 5000 gained 45.75 points (0.21%) to finish at 21,719.71.
On the NYSE,
3.2 billion shares changed hands, with 1.6 advancing issues for every declining
issue. On the NASDAQ, 2.7 billion shares traded, with a 1.4 to 1 ratio of
advancers to decliners.
The price of the 10-year Treasury note increased 2/32,
bringing its yield down to 2.232%. The price of the 30-year Treasury bond
decreased 5/32, pushing its yield up to 3%.
|
|
From the Magazine |
Strategic Insights Quarterly TDF Analysis |
On a weighted average basis, target-date funds
(TDFs) experienced losses of 6.2% during the third quarter. One-year trailing returns
were also down, at -2.0%. What was the main driver of losses?Read more > |
|
Investing |
More Institutional Investors Using ESG Factors |
The number of U.S. institutional investors that
incorporate environmental, social and governance (ESG) factors into investment
decisionmaking increased from 22% in 2013 to 29% in 2015, according to results
of a Callan survey. However, among all fund types, there was no increase in ESG
use in corporate retirement plans from 2013 to 2015. A separate survey of Callan’s
proprietary investment manager database found 14% of all products in its
database utilize ESG in investment decisions.Read more > |
|
Small Talk |
Many workers will spend Thanksgiving with their
coworkers, and half will use time at work to shop online. One in five workers
(20%) say they plan to celebrate Thanksgiving with coworkers either in or out
of the office this year, on par with last year (19%), according to a
CareerBuilder poll of 3,600 workers. The health care industry has the highest
percentage of workers that will be spending Thanksgiving with coworkers, at
28%.Read more > |
ON THIS DATE: In
1783, during the Revolutionary War,
the British evacuated New York. New York was their last military position in
the U.S. In 1850, Texas relinquished
one-third of its territory in exchange for $10 million from the U.S. to pay its
public debts and settle border disputes. In 1867, Alfred Nobel patented dynamite. In 1884, J.B. Meyenberg received the patent for evaporated milk. In 1955, in the U.S., the Interstate
Commerce Commission banned racial segregation on interstate trains and buses. In
1957, U.S. President Dwight D.
Eisenhower suffered a stroke. In 1986,
U.S. President Reagan and Attorney General Edwin Meese revealed that profits
from secret arms sales to Iran had been diverted to rebels in Nicaragua.
National Security Advisor John Poindexter resigned and Marine Lieutenant
Colonel Oliver North was fired. |
Proclamation of Thanksgiving Even at a time of war, President Abraham Lincoln
recognized what the nation had to be thankful for, as expressed in his
Proclamation in 1863.Read more > |
WEDNESDAY
WISDOM: “Keep
your eyes open to your mercies. The man who forgets to be thankful has fallen
asleep in life.”—Robert Louis Stevenson, author
Happy Thanksgiving, everyone! NewsDash will be back in
your inbox Monday. |
Share the good news with a friend! Pass the Dash along – and tell your
friends/associates they can sign up for their own copy.Read more > |