| Despite Late Snag, GOP-Crafted Tax Cuts Appear Increasingly Certain |
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News reports emerged Tuesday evening to the effect that Senate parliamentary rules have forced the removal of two provisions from the version of the unified tax bill passed by the House. One of the stricken provisions reportedly addresses 529 plans and would have allowed employees to use these accounts to pay for private schools and home-schooling.
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| Research Questions Value of Old School Financial Education |
| Upon review, the correlations between financial education and improved financial behaviors is often better explained by other individual difference factors that were not measured in a given study, such as familiarity with numerical concepts, financial confidence, and willingness to take risks.
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| Loans, Suspended Deferrals Reduce Savings an Average of 14% |
| For example, a 29-year-old employee who is on target to retire at age 65 but who takes out a hardship withdrawal reduces their retirement readiness by 20%. By comparison, a 60-year-old who takes out the same withdrawal reduces their retirement readiness by 3%.
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| Institutional Investment Lineups May Have Reached Their Smallest |
| The latest market report from Insight Investment, titled “U.S. Market Is Ripe For Disruption From Multi-Asset Investing,” shows 57% of institutional asset owners surveyed indicated that they anticipate expanding the number of investment managers they work with in future, compared with 20% who expect to work with fewer firms.
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