| Nearly One-Quarter of Participants in the Dark on Their Allocations |
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Among those who know how their 401(k) assets are allocated, they had 51% of their assets in equities, Legg Mason learned in a survey.
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| Lincoln Investment Adopts ionlake’s FINRA-Compliant Texting Solution |
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The messages will be compliant with FINRA regulations and Lincoln’s own internal broker/dealer controls.
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| Consistent Retirement Savings and Investing Leads to Higher Balances |
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EBRI and ICI point out that 401(k) account balance growth reflects contributions of employers and workers, in addition to investment returns, and varies with participants’ asset allocation, withdrawals and loan activity.
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| TaxHACKer Launches Retirement Solution |
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A new retirement plan support program from TaxHACKer seeks to simplify complex tax and pension codes to provide a streamlined solution to clients.
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| Market Mirror |
| Tuesday, the Dow gained 173.31 points (0.68%) to finish at 25,635.01, the NASDAQ closed 47.11 points (0.64%) higher at 7,375.96, and the S&P 500 increased 17.14 points (0.63%) to 2,755.45. The Russell 2000 was up at 8.59 points (0.55%), and the Wilshire 5000 closed 165.12 points (0.58%) higher at 28,467.25. The price of the 10-year Treasury note was down 5/32, increasing its yield to 3.219%. The price of the 30-year Treasury bond decreased 5/32, bringing its yield up to 3.437%.
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