May 2nd, 2019

Unlike SEC’s Approach, New Jersey Fiduciary Regs Have Teeth The state’s former securities chief says recently issued fiduciary regulations have been crafted in the interest of aggressively tamping down on conflicts of interest in the financial services industry. Read more > Tracking Big-Ticket Retirement Legislation Will Hansen, chief government affairs officer at the American Retirement Association, said he believes the RESA legislation may have passed last year if there had been no government shutdown.  Read more > Casting DC Plans in a Retirement Income Light Mike Sasso, with Portfolio Evaluations, and a professor at Boston University, explained a new way of thinking to get plan sponsors to focus on retirement income for participants. Read more > MOST READ ARTICLES

Wells Fargo Suggests Generational Approaches to Retirement Saving Because people are living longer, healthier lives, the Wells Fargo Investment Institute has suggested different ways that Millennials, Generation X and Baby Boomers can successfully save for retirement. Read more > Majority of Americans Unsure of Their Retirement Future The reason is primarily because they have not created a comprehensive, written plan, according to Fidelity. Read more > Market Mirror Wednesday, the Dow was down 162.77 points (0.61%) at 26,430.14, the NASDAQ decreased 45.75 points (0.57%) to 8,049.64, and the S&P 500 closed 22.10 points (0.75%) lower at 2,923.73. The Russell 2000 fell 14.83 points (0.93%) to finish at 1,576.38, and the Wilshire 5000 dropped 229.01 points (0.75%) to 30,181.00. The price of the 10-year Treasury note was down 2/32, increasing its yield to 2.508%. The price of the 30-year Treasury bond increased 13/32, bringing its yield down to 2.907%.

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