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April 17th, 2019 |
| If I Had a Million DollarsOne million seems like a massive sum of money, but when it comes to retirement, we know those who have that amount aren’t traditionally rich, per se. The purchasing power of $1 million, given a 4% drawdown rate over 25 years, provides an annual “income” or “salary” of $40,000.
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Unrelated Taxable Income and Pensions | Plan fiduciaries, plan advisers and investment fund managers may not be aware that the Tax Cuts and Jobs Act of 2017, enacted a year ago December, made major changes to the Internal Revenue Code provisions affecting unrelated business taxable income.
Read more > | | CUNA Mutual Offers Financial Fitness to Retirement Plan Participants |
It is available for all plan participants through CUNA Mutual Retirement Solutions’ BenefitsForYou website, and there is no cost to participants or plan sponsors.
Read more > | | Market Mirror | Tuesday, the Dow gained 67.89 points (0.26%) to finish at 26,452.66, the NASDAQ climbed 24.21 points (0.30%) to 8,000.23, and the S&P 500 was up 1.48 points (0.05%) at 2,907.06. The Russell 2000 closed 3.62 points (0.23%) higher at 1,582.79, and the Wilshire 5000 increased 17.08 points (0.06%) to 30,047.63.
The price of the 10-year Treasury note decreased 10/32, bringing its yield up to 2.590%. The price of the 30-year Treasury bond fell 14/32, increasing its yield to 2.991%.
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