Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
October 24th, 2017
Benefits & Administration
Americans’ Debt Could Be a Serious Impediment to Retirement Savings
Americans carry an average debt load of $140,113, GoBankingRates.com found in a survey. Yet, 64% of Americans say they have more saved than they have as revolving debt on their credit card. GoBankingRates.com cautions that this should be taken in context, as an earlier survey the website conducted found that over half of Americans have less than $1,000 in their savings account. Read more >
Women Are Substantially Behind Men in Growing Lifetime Wealth
The difference owes to the pay gap between men and women, the tendency of many women to take a career break to raise or care for family, and women’s longer life expectancy. Read more >
Products, Deals and People
Technological Integration Simplifies Distribution Workflow
PenChecks Trust and PensionPro have teamed up to build a software integration that will streamline processes for clients of the two companies and to automate the distribution workflow process managed by Pension Pro. With this integration, the distribution process becomes simplified, as PensionPro clients are now able to begin distributions in PensionPro and automatically send material to PenChecks Trust—without having to rekey data. Read more >
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Market Mirror

Yesterday, the Dow was down 54.67 points (0.23%) at 23,273.96, the NASDAQ lost 42.23 points (0.64%) to finish at 6,586.83, and the S&P 500 closed 10.23 points (0.40%) lower at 2,564.98. The Russell 2000 fell 11.76 points (0.78%) to 1,497.49, and the Wilshire 5000 decreased 102.54 points (0.38%) to 26,667.19.

 

The price of the 10-year Treasury note was up 5/32, decreasing its yield to 2.368%. The price of the 30-year Treasury bond increased 9/32, bringing its yield down to 2.885%.

Sponsored message from Charles Scwab Retirement Plan Services Inc.
Workplace Financial Wellness
Insights on definition, design, and what’s driving decisions for financial wellness programs in the workplace. Read more >
From the Magazine
Insights: Imagining Retirement
Research is increasingly examining whether success in saving for retirement can be improved by properly envisioning one’s retirement life. Read more >
Investing
Portfolio Reviews Remain Important Amid Low Volatility
While few if any investing professionals advocate for aggressive market timing, it is natural to ask the question of when the bull markets could cool—and how investors might respond now to address potentially uncompensated risk in their portfolios. Read more >
Small Talk

ON THIS DATE: In 1795, the country of Poland was divided up between Austria, Prussia, and Russia. In 1836, Alonzo D. Phillips received a patent for the phosphorous friction safety match. In 1861, the first transcontinental telegraph message was sent when Justice Stephen J. Field of California transmitted a telegram to U.S. President Abraham Lincoln. In 1901, daredevil Anna Edson Taylor became the first person to go over Niagara Falls in a wooden barrel. She was 63 years old. In 1929, in the U.S., investors dumped more than 13 million shares on the stock market. The day is known as “Black Tuesday.” In 1940, in the U.S., the 40-hour workweek went into effect under the Fair Labor Standards Act of 1938. In 1945, the United Nations (UN) was formally established less than a month after the end of World War II. The Charter was ratified by China, France, the Soviet Union, the United Kingdom, the United States and by a majority of other signatories. In 1949, the cornerstone for the U.N. Headquarters was laid in New York City. In 1992, the Toronto Blue Jays became the first non-U.S. team to win the World Series. In 2001, the U.S. House of Representatives approved legislation that gave police the power to secretly search homes, tap all of a person’s telephone conversation and track people’s use of the Internet. In 2001, NASA’s 2001 Mars Odyssey spacecraft successfully entered orbit around Mars.

TRIVIAL PURSUITS: Do goldfish know their owners? 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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