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PLANSPONSOR NEWSDASH LOGO October 29th, 2020
Insight on Plan Design & Investment Strategy Every Weekday
Benefits
HSA Crash Course: Rules, Regulations and Tax Issues
HSA Crash Course: Rules, Regulations and Tax Issues
It is no small challenge to wrap one’s head around the current regulatory framework surrounding health savings accounts.
Benefits
The Critical Role of HSAs in Helping People Prepare for Retirement
Experts say it is important to encourage health savings account holders to invest their money, as doing so increases their balances four-fold.
Most Read
Compliance
Effect of the Biden Administration on Health and Retirement Benefits
Benefits
What Happens When Student Loan Payment Deferral Ends?
Compliance
Judge Certifies Sizable Class in Lawsuit Over TIAA’s Retirement Plan Loan Program
SPONSORED BY: Financial Engines
Protect Retirement Income for Your Participants—and Your Bottom Line
How you can help prevent participants from taking plan loans or hardship withdrawals
Market Mirror
Wednesday, the Dow dropped 943.24 points (3.43%) to 26,519.95, the NASDAQ fell 426.48 points (3.73%) to 11,004.87, and the S&P 500 lost 119.65 points (3.53%) to finish at 3,271.03. The Russell 2000 closed 47.43 points (2.98%) lower at 1,543.28, and the Wilshire 5000 plunged 1,195.85 points (3.41%) to 33,837.21.

The price of the 10-year Treasury note was down 1/32, with its yield up to 0.780%. The price of the 30-year Treasury bond was down 2/32, increasing its yield to 1.562%.
Compliance
Examining Trump and Biden’s Plans on Social Security, 401(k)s and Taxes
The two candidates differ in their approaches to several key areas of importance in the retirement planning industry.
Investing
Pre-Retirees and Retirees Can Take Steps to Address Inflation in Retirement
Few are discussing the impact of inflation with a financial professional or looking for a financial product that can increase their income to help address inflation.
Plan Sponsors Turning to OCIOs to Broaden Investment Lineups
Experts agree that outsourced chief investment officers take on more duties than 3(38) investment managers.
Small Talk
ON THIS DATE: In 1863, the International Committee of the Red Cross was founded. In 1929, Black Tuesday hit Wall Street as investors traded 16,410,030 shares on the New York Stock Exchange in a single day. In 1945, the first ballpoint pens to be made commercially went on sale at Gimbels Department Store in New York at the price of $12.50 each. In 1960, Muhammad Ali (Cassius Clay) won his first professional fight. In 1966, the National Organization for Women was founded. In 1969, the U.S. Supreme Court ordered an immediate end to all school segregation. In 1974, President Gerald Ford signed a new law forbidding discrimination in credit applications on the basis of gender or marital status. In 2001, KTLA broadcasted the first coast to coast HDTV network telecast.
SURVEY SAYS: More than three years ago, I asked NewsDash readers if they worked from home all the time, what they thought would be the negatives of doing so. Now that most readers have experienced working from home full-time, I’d like to revisit the question and compare responses. So, this week I’d like to know, “What do you think are the negatives of working from home all the time?” You may respond to this week’s survey by 6 p.m. Eastern time today.
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