Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
November 29th, 2018
Benefits & Administration
Individuals Not Realizing Help HSAs Can Offer for Retirement Health Expenses
Consumers are greatly underestimating how much money they will need to cover health care costs in retirement, according to a survey by HSA Bank. Sixty-seven percent think they will need less than $100,000. Only 29% plan to use a health savings account (HSA) to cover medical costs in retirement. Forty-two percent do not know that they can invest the funds in their HSA. The survey finds many are not aware of the features of HSAs. Read more >
Most Retirement Risk Concerns Decrease With Age
The Society of Actuaries (SOA) analyzed financial risk management across five generations. It found some concerns around retirement-related risks are consistent across each generation, while others, such as the ability to deal with unexpected expenses, vary by age, and there is a significant amount of variation on how much planning and preparation individuals undertake to withstand financial risks. The SOA says individuals must first understand all the risks related to retirement so they can take steps to manage them. Read more >
Encouraging Workers to Save While Paying Off Debt
Nationwide Retirement Institute has published a new analysis focused on instilling positive savings behaviors among younger workers, “Smart financial moves in your 20s and 30s.” According to Nationwide, virtually all employees who are not already doing so, should start contributing to a retirement plan immediately. Those facing debt payments must also prioritize long-term savings, as difficult as this may seem. Read more >
MOST READ ARTICLES
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IRS Announces 2019 HSA Contribution Limits
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4% Rule Not a Reliable Retirement Income Withdrawal Strategy for All People
3
Lawsuit Argues MetLife Pension Calculations Use Outdated Mortality Table
4
Financially Well Employees Buoy the Bottom Line
5
401(k) Plan Sponsors Enhancing Plan Design
Benefits Are More Important to Americans than a Raise
A 401(k) match and health insurance are the benefits they value the most. Read more >
Proposals Could Further Erode Perceived Health of Public Pensions
Various proposals could affect the perceived health of the U.S. public DB system, according to the first Public Pension Viewpoints by Goldman Sachs Asset Management (GSAM) Chief Pension Strategist Mike Moran. Reporting proposals from the Actuarial Standards Board and Congress, as well as new proposed mortality tables from the Society of Actuaries could result in a higher valuation of pension obligations and lower funded levels for public pensions. Read more >
Sponsored message from State Street Global Advisors
The Happiness Formula
Leveraging our Global Retirement Reality Report data, we are examining what makes for retirement happiness. Read more >
Economic Events

Sales of new single‐family houses in October were at a seasonally adjusted annual rate of 544,000, according to estimates released jointly by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 8.9% below the revised September rate of 597,000 and 12.0% below the October 2017 estimate of 618,000.

Market Mirror

Wednesday, the Dow climbed 617.70 points (2.50%) to 25,366.43, the NASDAQ gained 208.89 points (2.95%) to 7,291.59, and the S&P 500 closed 61.61 points (2.30%) higher at 2,743.78. The Russell 2000 increased 37.53 points (2.51%) to 1,530.38, and the Wilshire 5000 surged 648.27 points (2.34%) to 28,293.19.

 

The price of the 10-year Treasury note was up 1/32, decreasing its yield to 3.059%. The price of the 30-year Treasury bond fell 16/32, bringing its yield up to 3.344%.

Compliance
Maximum Benefit and Contribution Limits Table 2019
Our Maximum Benefit/Contribution Limits Table has been updated with 2019 information. The taxable wage base for permitted disparity of contributions for defined contribution (DC) plans has not yet been announced. The table will be updated when that is available. A PDF version of the table may be downloaded. Read more >
Small Talk

ON THIS DATE: In 1890, Navy defeated Army by a score of 24-0 in the first Army-Navy football game. The game was played at West Point, New York. In 1892, a patent was issued to Almon Brown Strowger for the rotary dial. In 1929, the first airplane flight over the South Pole was made by U.S. Navy Lt. Comdr. Richard E. Byrd. In 1963, President Lyndon Johnson named a commission headed by Earl Warren to investigate the assassination of President John Kennedy. In 1971, the Professional Golf Championship was held at Walt Disney World for the first time. In 1975, Bill Gates adopted the name Microsoft for the company he and Paul Allen had formed to write the BASIC computer language for the Altair. In 1986, actor Cary Grant died at the age of 82. In 1990, the U.N. Security Council voted to authorize military action if Iraq did not withdraw its troops from Kuwait and release all foreign hostages by January 15, 1991. In 2004, Godzilla received a star on the Hollywood Walk of Fame.

SURVEY SAYS: Nearly two-thirds of professionals said they plan to shop online from work this holiday season, according to a survey by staffing firm Robert Half Technology. The survey also revealed technology decision makers’ concerns about employees shopping using a company device. This week, I’d like to know about your plans for shopping online while on the clock. You may respond to this survey by 6 p.m. Pacific time today. Read more >
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Editorial: Alison Cooke Mintzer alison.mintzer@strategic-i.com

Advertising: Paul Zampitella paul.zampitella@strategic-i.com

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