| John Hancock Offers 401(k) Plan Cybersecurity Guarantee | The offering will reimburse eligible participants for unauthorized transfers from their 401(k) retirement accounts.Read more > | | Economic Events | THE ECONOMIC WEEK AHEAD: Today, the Census Bureau will report about construction spending for August. Thursday, the Labor Department will issue its initial claims report, and the Census Bureau will report about factory orders for August. Friday, the Bureau of Labor Statistics will reveal the unemployment rate for September. | | Sponsored message from Vanguard | How TDFs can help combat inflation Can target-date funds (TDFs) withstand increasing inflationary pressures? We believe so, all while providing long-term growth in excess of inflation.Read more > | | Market Mirror | Friday, the Dow increased 18.38 points (0.07%) to 26,458.31, the NASDAQ was up 4.39 points (0.05%) at 8,046.35, and the S&P 500 was virtually unchanged at 2,913.94. The Russell 2000 closed 6.04 points (0.36%) higher at 1,696.57, and the Wilshire 5000 was up 8.95 points (0.03%) at 30,259.82. The price of the 10-year Treasury note was down 1/32, increasing its yield to 3.059%. The price of the 30-year Treasury bond decreased 14/32, bringing its yield up to 3.208%. WEEK’S WORTH: For the week ending September 28, the Dow fell 1.07%, the NASDAQ gained 0.74%, and the S&P 500 increased 0.54%. The Russell 2000 lost 0.92%, and the Wilshire 5000 finished 0.54% lower. | | Compliance | Court Deems Principal Not a Fiduciary in Lawsuit Over GICs | The court granted the Principal defendants’ motion for summary judgment on all counts in a case questioning guaranteed investment contract (GICs) arrangements.Read more > | Family Savings Act, Which Boosts Open MEPs, Passes House | Before the House passed the Family Savings Act, leadership added the Senate’s annuity selection safe harbor provision from the Retirement Enhancement and Savings Act (RESA), potentially increasingly the appetite for compromise legislation.Read more > | | Investing | Millennials Add More to ETFs than Other Generations | The Charles Schwab’s SDBA Indicators Report explores retirement plan participant investment activity within self-directed brokerage accounts (SDBAs).Read more > | | Small Talk | ON THIS DATE: In 1880, Thomas Edison began the commercial production of electric lamps at Edison Lamp Works in Menlo Park. In 1896, Rural Free Delivery was established by the U.S. Post Office. In 1908, the Model T automobile was introduced by Henry Ford. The purchase price of the car was $850. In 1940, the Pennsylvania Turnpike opened as the first toll superhighway in the United States. In 1946, the International War Crimes Tribunal in Nuremberg sentenced 12 Nazi officials to death. Seven others were sentenced to prison terms and 3 were acquitted. In 1949, Mao Tse-tung raised the first flag of the People’s Republic of China when the communist forces had defeated the Nationalists. The Nationalist forces fled to Taiwan. In 1961, Roger Maris (New York Yankees) hit his 61st home run of the season to beat Babe Ruth’s major league record of 60. In 1962, Johnny Carson began hosting the “Tonight” show on NBC-TV. He stayed with the show for 29 years. In 1971, Walt Disney World opened in Orlando, Florida. In 1982, EPCOT (Experimental Prototype Community of Tomorrow) Center opened in Florida. The concept was planned by Walt Disney. In 1989, 7,000 East Germans were welcomed into West Germany after they were allowed to leave by the communist government. In 1992, the Strategic Arm Reduction Treaty was approved by the U.S. Senate. | SURVEY SAYS RESPONSES: Last week, I asked NewsDash readers, “Do you discuss how much you make with any of your coworkers?” Obviously, responding readers want to keep the salary conversation confidential as only 6.8% reported they discuss how much they make with some coworkers. The rest do not discuss it with any. The vast majority of respondents who left comments were on the side of not sharing salary information with coworkers. The two top reasons being it could cause resentment and it is no one else’s business. Of course, a number of respondents work in an HR or payroll function and noted that the information could be looked up. Those on the side of sharing salary information cited knowing whether they are paid fairly, eliminating pay inequality and keeping employers accountable. Editor’s Choice goes to the reader who said: “Never, never, never and never.” A big thank you to all who participated in the survey!Read more > | Share the news with a friend! Pass the NewsDash along and tell your friends/associates they can sign up for their own copy.Read more > |
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