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Data and Research
Early Retirement Increasingly the Goal for Younger Generations
Early Retirement Increasingly the Goal for Younger Generations
This may be wishful thinking for some, but there are ways to help them achieve their target retirement age.
August Emerges as the Best Month for DB Plan Funded Status in 2020
However, firms that track pension plan funded status warn about the potential for more market volatility ahead in 2020.
Most Read
2021 DC Plan Benchmarking Survey
Data and Research
Working Past Age 65 May Seem Like a Great Idea …
Data and Research
2022 Retirement Industry Trends to Follow
Economic Events
July sales of merchant wholesalers, except manufacturers’ sales branches and offices, after adjustment for seasonal variations and trading day differences but not for price changes, were $479.2 billion, up 4.6% from the revised June level, but down 4.0% from the revised July 2019 level, the Census Bureau reported. The May to June percent change was revised from the preliminary estimate of up 8.8% to up 9.0%.

Interest on a 30-year fixed-rate mortgage averaged 2.86% for the week ending September 10, down from last week when it averaged 2.93, according to Freddie Mac. A year ago at this time, the 30-year FRM averaged 3.56%. Interest on a 15-year fixed-rate mortgage averaged 2.37%, down from last week when it averaged 2.42%. A year ago at this time, the 15-year FRM averaged 3.09%.

In the week ending September 5, the advance figure for seasonally adjusted initial claims for unemployment insurance was 884,000, unchanged from the previous week’s revised level of 884,000, the Labor Department reported. The four-week moving average was 970,750, a decrease of 21,750 from the previous week’s revised average of 992,500.
Market Mirror
Thursday, the Dow decreased 405.89 points (1.45%) to 27,534.58, the NASDAQ fell 221.97 points (1.99%) to 10,919.59, and the S&P 500 lost 59.77 points (1.76%) to finish at 3,339.19. The Russell 2000 was down 18.73 points (1.23%) at 1,507.75, and the Wilshire 5000 closed 564.49 points (1.63%) lower at 34,094.55.

The price of the 10-year Treasury note was up 2/32, decreasing its yield to 0.680%. The price of the 30-year Treasury bond increased 30/32, bringing its yield down to 1.423%.
PBGC to Pay Pension Benefits for McClatchy Workers and Retirees
The agency estimates that McClatchy’s plan is 57% funded with approximately $1.3 billion in assets and $2.3 billion in benefit liabilities.
Data and Research
People of Color May Be Misinterpreting Their Retirement Readiness
Understanding the view of these different demographics can help plan sponsors with plan designs and targeted communications.
Investment Product and Service Launches
Ascensus adds advice and managed accounts services; New York Life partners with Visual Capitalist on data visualization platform; American Beacon announces launch of new bond fund; and more.
Small Talk
ON THIS DATE: In 1609, explorer Henry Hudson sailed into New York harbor and discovered Manhattan Island and the Hudson River. In 1789, Alexander Hamilton was appointed by President George Washington to be the first secretary of the treasury. In 1936, Boulder Dam in Nevada was dedicated by President Franklin D. Roosevelt by turning on the dam’s first hydroelectric generator. The dam is now called Hoover Dam. In 1941, in Arlington, Virginia, the groundbreaking ceremony for the Pentagon took place. In 1959, Congress passed a bill authorizing the creation of food stamps. In 1967, “The Carol Burnett Show” premiered on CBS. In 1974, “Little House On The Prairie” made its television debut. In 1997, John Lee Hooker received a star on the Hollywood Walk of Fame. In 2001, in the U.S., four airliners were hijacked and were intentionally crashed. Two airliners each hit a tower of the World Trade Center in New York City, which collapsed shortly after. One airliner hit the Pentagon in Arlington, Virginia. Another airliner crashed into a field in Pennsylvania. About 3,000 people were killed. In 2012, terrorists attacked the U.S. consulate in Benghazi, Libya. Four Americans were brutally murdered and ten others were injured.

And now it’s time for FRIDAY FUN!
Batman may be lurking in your house causing mischief.

Was it saving the duck or just wanting the duck for itself?

In Douglas County, Georgia, a sheriff’s deputy encountered a troublemaker she could not arrest. According to the Huffington Post, the deputy was serving civil papers at a home. She typically leaves her car door open, as she said she’s had to retreat from “vicious dogs” in the past. She returned to her car to find a goat eating her paperwork. When it finally exited the car—with a mouthful of papers—the goat head-butted the deputy in the knees. She fell, but was no physically harmed, the sheriff’s office said.

We will never forget the tragedy that happened on this day in 2001. Wishing everyone a good and safe weekend!
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