| Sponsored message from Principal |
| HOW CAN YOU USE FEE LEVELIZATION TO GROW YOUR PRACTICE? |
| Hear what advisors tell us—and put their insights to work for you. View our new study on how advisors talk about fee levelization. Get the research >
Read more > |
|
| Americans Have Not Planned for LTC Needs |
| While 56% of Americans say that saving for long-term care (LTC) is one of their top financial priorities, 73% have not planned for their LTC needs, Northwestern Mutual learned in a survey. While the focus on LTC needs followed that of saving for retirement, it surpassed paying off debt and saving for a home.
Read more > |
|
| Form 5500 Data Shows Large Sponsors Favor TDFs to Boost Savings |
| Eighty percent of plans offered TDFs in 2015, up from 32% in 2006. In 2015, the average large 401(k) plan offered 29 investment options, of which about 14 were equity funds, three were bond funds and eight were TDFs.
Read more > |
|
| The Magic of Local Events |
| A few years ago, Jason Chepenik, managing partner of advisory firm Chepenik Financial in Winter Park, Florida, became aware of the growing attention the industry was giving to financial wellness, and of his own conviction it was highly important. “There are so many financial tools and programs in the marketplace,” he recalls. “I was looking for one we could create that would be unique and fun, to put a stake in the ground on our own financial wellness spin of things.”
Read more > |
|
| Market Mirror |
| Yesterday, the Dow closed 157.13 points (0.62%) lower at 25,178.61, the NASDAQ gained 27.52 points (0.36%) to finish at 7,588.33, and the S&P 500 was down 3.55 points (0.13%) at 2,783.02. The Russell 2000 increased 3.91 points (0.25%) to 1,601.06, and the Wilshire 5000 was up 4.33 points (0.02%) at 28,863.88.
The price of the 10-year Treasury note was up 8/32, decreasing its yield to 2.865%. The price of the 30-year Treasury bond increased 24/32, bringing its yield down to 3.122%.
|
|
