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| Ask the Experts | |
| Paying for Retirement Incentives by Reducing DC Plan Contributions | |
| “I work with a higher education institution that is attempting to incentivize some of our faculty who have reached traditional retirement age to actually retire. Since our target group all has well-funded retirement plan account balances, we were thinking of paying for some of the incentives by reducing or eliminating contributions to our 403(b) retirement plan for those who are 70 or older, since none of these employees will need the additional retirement funding. Can we do this?”Read more > | |
| Market Mirror | |
Tuesday, the Dow closed 56.21 points (0.21%) lower at 26,430.57, the NASDAQ was up 2.07 points (0.03%) at 7,738.02, and the S&P 500 was down 4.09 points (0.14%) at 2,880.34. The Russell 2000 lost 7.65 points (0.47%) to finish at 1,621.87, and the Wilshire 5000 decreased 53.23 points (0.18%) to 29,734.90. The price of the 10-year Treasury note was up 8/32, decreasing its yield to 3.202%. The price of the 30-year Treasury bond increased 24/32, bringing its yield down to 3.363%. | |
| 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 > | |
| Compliance | |
| EEOC Sues Michigan Department of Health and Human Services | |
| The Michigan Department of Health and Human Services is alleged to have violated federal law by denying hire to an older applicant and pushing an older employee to retire because of their ages.Read more > | |
| Investing | |
| U.S. Institutional Investors Changing Views of ESG Investing | |
| A global survey of institutional investors found more in the U.S. said ESG factors can be a source of alpha and risk mitigation, and more institutional investors overall said incorporating ESG factors into their investment approach is part of their fiduciary duty.Read more > | |
| Small Talk | |
| Most workers feel they’re more productive at the office when listening to music, according to a survey from staffing firm Accountemps. Eighty-five percent of survey respondents who are able to do so said they enjoy listening to music at work. Asked, “Does your employer have a policy about employees listening to music at work?” 44% reported it is allowed and there are no restrictions.Read more > | |
ON THIS DATE: In 1845, the United States Naval Academy opened in Annapolis, Maryland. In 1865, the billiard ball was patented by John Wesley Hyatt. In 1886, the tuxedo dinner jacket made its U.S. debut in New York City. In 1887, Thomas Edison organized the Edison Phonograph Company. In 1933, Dreft, the first synthetic laundry detergent, went on sale. In 1959, Pan American World Airways announced the beginning of the first global airline service. In 1965, the Red Baron made his first appearance in the “Peanuts” comic strip. In 1977, Joe Namath played the last game of his National Football League (NFL) career. In 1978, the bill authorizing the Susan B. Anthony dollar was signed by President Jimmy Carter. In 2001, President George W. Bush presented a list of 22 most wanted terrorists.
WEDNESDAY WISDOM: “Life consists not in holding good cards but in playing those you hold well.”—Josh Billings, pen name of 19th-century American humorist Henry Wheeler Shaw | |
| 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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Editorial: Alison Cooke Mintzer alison.mintzer@strategic-i.com
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