Sponsored message from Franklin Templeton |
Can Your Target Date Fund Adapt to Change? |
Many of the major target date fund series can’t adapt to changes in market conditions. And that’s starting to look more and more dangerous for your participants. Especially near retirement. Read more.
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Gen Xers Feeling Financially Squeezed |
They have mortgages, second homes, kids going to college and elderly parents. They’re even thinking about long-term care policies.
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Retirement Industry People Moves |
DAC selects new institutional sales head; Cetera replaces general counsel; Seyfarth Shaw LLP announces ERISA expert as partner; and more.
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Corporate Insight Offers Website Audit to Recordkeepers |
The audit service provides an in-depth assessment of the digital user experience offered by retirement plan recordkeepers to plan sponsors.
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Market Mirror |
Friday, the Dow was up 37.07 points (0.14%) at 27,219.52, the NASDAQ closed 17.75 points (0.22%) lower at 8,176.71, and the S&P 500 was down 2.18 points (0.07%) at 3,007.39. The Russell 2000 increased 3.07 points (0.20%) to 1,578.14, and the Wilshire 5000 decreased 21.16 points (0.07%) to 30,764.47.
The price of the 10-year Treasury note decreased 1 2/32, bringing its yield up to 1.905%. The price of the 30-year Treasury bond fell 2 6/32, increasing its yield to 2.377%.
WEEK’S WORTH: For the week ending September 13, the Dow gained 1.58%, the NASDAQ was up 0.91%, and the S&P 500 increased 0.96%. The Russell 2000 climbed 4.85%, and the Wilshire 5000 finished 1.20% higher.
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