Sponsored message from Ascensus |
The 2018 PLANADVISER Micro Plan Survey |
What Plan Sponsors and Advisers Need to Know.
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Many Would Forego Social Security for Student Loan Debt Forgiveness |
The Student Security Act of 2017 would grant $550 in student loan forgiveness for each month a student debtor was willing to raise his or her full retirement age, or $6,600 per year.
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Washington Financial Group Adds Educational Content to Website |
WFG’s website offers information on upcoming educational events, infographics, webinars and newsletters addressing key topics centered around retirement plans and wealth management.
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‘Principal Protection’ Investments |
In a number of cases, the plan sponsor or other named fiduciary tasked with choosing investment options has been sued for breach of fiduciary duty by plan participants. In each, the participants argued that stable value funds produced a higher rate of return (ROR) than did money market funds. Thus, a stable value fund should have been made available as an investment option under the plan—and, possibly, in lieu of a money market fund or other option with a lower ROR.
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Market Mirror |
Yesterday, the Dow lost 335.60 points (1.35%) to finish at 24,610.91, the NASDAQ closed 137.74 points (1.84%) lower at 7,344.24, and the S&P 500 decreased 39.09 points (1.42%) to 2,712.92. The Russell 2000 was down 15.49 points (0.98%) at 1,570.56, and the Wilshire 5000 fell 446.89 points (1.57%) to 28,098.29.
The price of the 10-year Treasury note was down 1/32, increasing its yield to 2.851%. The price of the 30-year Treasury bond decreased 6/32, bringing its yield up to 3.089%.
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