Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
October 7th, 2019

Different Retirements for Different People

Not all “retirees” want to stay home and kick their feet up—some are continuing work or starting new ventures. Does this mean employers must change their retirement planning strategies? Read more >
Benefits & Administration
Household Spending Decreases with Age, EBRI Finds
EBRI says “This research also suggests that retirees are adept at adjusting their consumption as needed in order to fit their circumstances, such as reducing spending in times of a market downturn or recession.” Read more >
ESOPs Boost Household Wealth
Workers between the ages of 18 and 34 who are employee-owners have 92% higher median household wealth relative to workers who are not employee-owners. Read more >
Products, Deals and People
Bend Pairs HSAs with AI
The company says the solution completely automates the entire HSA process from start to finish, so there is no time-consuming paperwork to fill out or educational materials to pore over. Read more >
Retirement Industry People Moves
NAGDCA elects 2020 governing officers and Wagner Law Group adds ERISA attorney. Read more >
MOST READ ARTICLES
1
AT&T Sued Over Calculation of Early Retirement Benefits
2
Congressional Leaders Want SECURE Act Passage in 2019
3
Social Security Administration Announced COLA for 2020
4
Could GE Have Continued Its DB Benefits?
5
Millennium Trust Helps Small Businesses Select a Retirement Plan
Economic Events

The unemployment rate declined to 3.5% in September, and total nonfarm payroll employment rose by 136,000, according to the Bureau of Labor Statistics (BLS). Employment in health care and in professional and business services continued to trend up.

 

THE ECONOMIC WEEK AHEAD: Tomorrow, the BLS will reveal the producer price index for September. Wednesday, the Census Bureau will report about wholesale trade in August. Thursday, the Labor Department will issue its initial claims report, and the BLS will reveal the consumer price index for September.

Market Mirror

Friday, the Dow increased 372.68 points (1.42%) to 26,573.72, the NASDAQ rose 110.21 points (1.40%) to 7,982.47, and the S&P 500 was up 41.38 points (1.42%) at 2,952.01 close. The Russell 2000 saw a 14.36 point increase (0.97%) to close at 1,500.70, and the Wilshire 5000 gained 394.32 points (1.33%) to reach 30,092.91.

 

The price of the 10-year Treasury note was up 2/31, decreasing its yield to 1.519%, and the price of the 30-year Treasury bond was up by 27/32, decreasing its yield to 2.014%.

 

WEEK’S WORTH: The Dow lost 0.91%, the S&P 500 was down 0.33%, and the NASDAQ finished 0.54% lower. The Russell 2000 fell 1.30%, and the Wilshire 5000 decreased 0.36%.

Small Talk

ON THIS DATE: In 1868, Cornell University was inaugurated in Ithaca, New York. In 1913, for the first time, Henry Ford’s entire Highland Park automobile factory was run on a continuously moving assembly line when the chassis was added to the process. In 1949, the German Democratic Republic (East Germany) was formed. In 1950, the U.S.-led U.N. forces crossed the 38th parallel and entered North Korea. In 1968, the Motion Picture Association of America adopted the film-rating system that ranged for “G” to “X.” In 2001, the U.S. and Great Britain began airstrikes in Afghanistan in response to that state’s support of terrorism and Osama bin Laden. The act was the first military action taken in response to the terrorist attacks on the U.S. on September 11, 2001. In 2003, in California, Arnold Schwarzenegger was elected governor in the recall election of Governor Gray Davis. In 2003, Randy Quaid received a star on the Hollywood Walk of Fame. In 2004, Billy Bob Thornton got a star on the Hollywood Walk of Fame.

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Editorial: Alison Cooke Mintzer alison.mintzer@strategic-i.com

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