| | Benefits & Administration | | Most Participants Not Receiving Retirement Savings Advice | | Most 401(k) participants prefer to receive advice on their retirement investments through email and one-on-one counselling sessions, according to a survey by Betterment for Business, the technology-focused 401(k) provider. The “most preferred cadence” for advice was “as often as a question arises” (28%), suggesting a need for personalized, on-demand advice. The study also identifies room for improvement in terms of how advisers are interacting with current and potential clients.Read more > | | Improving Retirement Outcomes Considering Low Returns and Longevity | | In addition to saving more and working later, researchers from State Street Global Advisors suggest policy changes that could improve retirement readiness for younger workers and late savers.Read more > | | Analysis Projects Huge Retiree Health Care Expenses | | HealthView Services has published the 2017 Retirement Health Care Costs Data Report. Similar to other recent research results, the findings, frankly, are grim in many respects for retirement savers. At a minimum, the research suggests retiree health care expenses will rise at an average annual rate of 5.47% for the next decade or more. Such a rate is almost triple the U.S. inflation rate from 2012 to 2016, which stood at a mere 1.9%, and more than double annual projected Social Security cost-of-living adjustments retirees can depend on.Read more > |
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| | Products, Deals and People | | Book Offers Comprehensive ERISA Compliance Insights | | Readers of a new publication from Research and Markets are taken step by step through Employee Retirement Income Security Act (ERISA) regulations to help ensure that their plans are properly structured, qualified and implemented.Read more > | | | Market Mirror | Yesterday, the Dow gained 259.58 points (1.19%) to finish at 22,057.37, the NASDAQ closed 72.07 points (1.13%) higher at 6,432.26, and the S&P 500 increased 26.68 points (1.08%) to 2,488.11. The Russell 2000 was up 15.39 points (1.10%) at 1,414.82, and the Wilshire 5000 climbed 273.70 points (1.07%) to 25,810.11. The price of the 10-year Treasury note decreased 23/32, bringing its yield up to 2.132%. The price of the 30-year Treasury bond fell 1 18/32, increasing its yield to 2.747%. | | | Sponsored message from ADP | Workers Lack Confidence About Retirement Planning Decisions
Workers say saving for retirement is their biggest financial priority – and biggest financial worry.Read more > | | | Compliance | | IRS Reminds 403(b) Plan Sponsors of Common Plan Errors | | In a new publication, the IRS lists rules for 403(b) compliance and resources from the agency to help plan sponsors.Read more > | | | Small Talk | | ON THIS DATE: In 1814, during the War of 1812, the Battle of North Point was fought in Maryland. In 1873, the first practical typewriter was sold to customers. In 1918, during World War I, at the Battle of St. Mihiel, U.S. Army personnel operated tanks for the first time. The tanks were French-built. In 1944, U.S. Army troops entered Germany, near Trier, for the first time during World War II. In 1954, “Lassie” made its television debut on CBS. In 1963, the last episode of “Leave it to Beaver” was aired. In 1974, violence occurred on the opening day of classes in Boston due to opposition to court-ordered school “busing.” In 1979, Carl Yastrzemski of the Boston Red Sox became the first American League player to get 3,000 career hits and 400 career home runs. In 1984, Dwight Gooden of the New York Mets set a rookie strikeout record with his 251st strikeout of the season. In 1992, Dr. Mae Carol Jemison became the first African-American woman in space. She was the payload specialist aboard the space shuttle Endeavor. Also onboard were Mission Specialist N. Jan Davis and Air Force Lieutenant Colonel Mark C. Lee. They were the first married couple to fly together in space. And, Mamoru Mohri became the first Japanese person to fly into space. | | TRIVIAL PURSUITS: What do the colors of bread loaf twist ties or plastic tags mean?Read more > | | 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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