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Mike DeFeo Discusses Voya's Client Value Proposition, Market Trends and the 'Active v. Passive' Debate |
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NQDC Plans Still Valuable After Tax Reform Changes |
“Non-qualified deferred compensation plans will always be tax advantageous and a useful benefit,” Bruce J. McNeil, partner with The Wagner Law Group, told Plan Sponsor Council of America (PSCA) 71st Annual National Conference attendees.
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TDFs That Tactically Allocate Assets |
The wisdom of setting a predetermined glide path for the asset-allocation trajectory of a target-date fund spanning maybe 30 or 40 years could be questioned when there are disruptions in the market. This is why some TDF providers are dedicating modest amounts of their portfolios to tactical asset allocation.
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Employers Turn to Providers for Financial Wellness Program Offerings |
Eighty-three percent of employers offer a financial wellness program to their employees, according to Prudential’s 10th survey of employee benefits, “Benefits and Beyond: Employer Perspectives on Financial Wellness.” This is up dramatically from 20% in 2016. Additionally, 14% of employers plan to offer financial wellness programs within the next two years.
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Market Mirror |
Yesterday, the Dow gained 94.81 points (0.39%) to finish at 24,357.32, the NASDAQ closed 55.60 points (0.77%) higher at 7,265.21, and the S&P 500 was up 9.21 points (0.35%) at 2,672.63. The Russell 2000 increased 13.34 points (0.85%) to 1,578.95, and the Wilshire 5000 climbed 116.60 points (0.42%) to 27,815.67.
The prices of the 10-year Treasury note and 30-year Treasury bond recorded no changes, with their yields at 2.950% and 3.123%, respectively.
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