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Fidelity Analysis Shows Advantage of Long-Term Savings |
The average 401(k) balance reached an all-time high of $106,500 in the third quarter, according to Fidelity Investments. This surpasses the previous high of $104,300 in the fourth quarter of 2004 and is a 87% increase from a decade ago, when the average 401(k) balance was $56,900.
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Majority of Americans Expect to Use a Robo Adviser |
Nearly half of adults surveyed by Charles Schwab think that robo advice is the technology that will have the biggest impact on financial services.
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Plan Sponsors Turning to Financial Wellness Programs to Improve Retirement Security |
Ten percent more employers than in 2016 that offer retirement programs are measuring the financial readiness of employees to retire, a survey found.
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Retirement Plans Will Continue to Use Global Equity for Returns |
“Despite a growing emphasis on de-risking among large institutional asset owners, the need to generate returns and meet future funding targets remains paramount,” says John McDonough, head of distribution and marketing at OppenheimerFunds.
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Market Mirror |
Yesterday, the Dow gained 190.87 points (0.76%) to finish at 25,461.70, the NASDAQ closed 28.14 points (0.38%) lower at 7,328.85, and the S&P 500 increased 15.25 points (0.56%) to 2,738.31. The Russell 2000 was virtually unchanged at 1,547.51, and the Wilshire 5000 closed 125.13 points (0.44%) higher at 28,302.14.
The price of the 10-year Treasury note was up 4/32, decreasing its yield to 3.199%. The price of the 30-year Treasury bond increased 13/32, bringing its yield down to 3.432%.
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