November 6th, 2019

2020 Contribution and Benefit Limits Announced The limit on deferrals to 401(k), 403(b) and most 457 plans has been increased by $500. Read more > 2020 HSA Contribution Limits Announced The IRS announced small increases to health savings account (HSA) contribution limits for 2020 and a new definition for a high-deductible health plan. Read more > Corporate America Pushes for SECURE Act Passage It’s not just the financial services industry pushing for passage of the Setting Every Community Up for Retirement Enhancement Act; chambers of commerce, consumer advocacy groups and major U.S. corporations are also voicing support. Read more > MOST READ ARTICLES 1 Experts Predict Major Growth in Retirement Coverage, Benefits 2 Why 529 Education Savings Plans Are More Valuable Than Ever 3 Advisers Recommend Fiduciary Outsourcing Services, Mostly for Small Plans 4 Biden’s First Veto Keeps DOL’s ESG Rule in Place 5 A Reminder to Avoid Fraudulent Hardship Withdrawals

‘Smart Money’ Says 2nd Circuit Won’t Halt SEC Regulation Best Interest Advisory firms waiting to see whether the 2nd Circuit will delay or outright halt the implementation of the SEC’s Regulation Best Interest are wasting precious time. Read more > Market Mirror Tuesday, the Dow increased 30.52 points (0.11%) to 27,492.63, the NASDAQ was up 1.48 points (0.02%) at 8,434.68, and the S&P 500 decreased 3.65 points (0.12%) to 3,074.62. The Russell 2000 closed 2.21 points (0.14%) higher at 1,599.61, and the Wilshire 5000 was down 32.00 points (0.10%) at 31,352.20. The price of the 10-year Treasury note decreased 28/32, bringing its yield up to 1.853%. The price of the 30-year Treasury bond fell 1 5/32, increasing its yield to 2.334%.

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