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November 6th, 2019
Insight on Plan Design & Investment Strategy Every Weekday
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Ask the Experts
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Can In-Service Distributions Be Rolled Over?
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“Our 403(b) plan allows for in-service distributions. What is the income taxation of such distributions, and can such distributions be rolled over to another retirement plan or IRA as is the case with distributions at retirement/termination of employment?”
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Market Mirror |
Tuesday, the Dow increased 30.52 points (0.11%) to 27,492.63, the NASDAQ was up 1.48 points (0.02%) at 8,434.68, and the S&P 500 decreased 3.65 points (0.12%) to 3,074.62. The Russell 2000 closed 2.21 points (0.14%) higher at 1,599.61, and the Wilshire 5000 was down 32.00 points (0.10%) at 31,352.20.The price of the 10-year Treasury note decreased 28/32, bringing its yield up to 1.853%. The price of the 30-year Treasury bond fell 1 5/32, increasing its yield to 2.334%.
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ON THIS DATE: In 1789, Father John Carroll was appointed as the first Roman Catholic bishop in the U.S. In 1860, Abraham Lincoln was elected to be the sixteenth president of the United States. In 1861, Jefferson Davis was elected as the president of the Confederacy in the U.S. In 1894, William C. Hooker received a patent for the mousetrap. In 1903, Philippe Bunau-Varilla, as Panama’s ambassador to the United States, signed the Hay-Bunau-Varilla Treaty. The document granted rights to the United States to build and indefinitely administer the Panama Canal Zone and its defenses. In 1923, Jacob Schick was granted a patent for the electric shaver. In 1962, the United Nations General Assembly adopted a resolution condemning South Africa’s racist apartheid policies and calling on all its members to end economic and military relations with the country. In 1965, the Freedom Flights program began which would allow 250,000 Cubans to come to the United States by 1971. In 1984, for the first time in 193 years, the New York Stock Exchange remained open during a presidential election day.
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WEDNESDAY WISDOM: “The man who strikes first admits that his ideas have given out”—Chinese Proverb
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