Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
December 20th, 2017
Despite Late Snag, GOP-Crafted Tax Cuts Appear Increasingly Certain
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. Read more >
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. Read more >
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%. Read more >
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. Read more >
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MetLife Pension Calculations Questioned in ERISA Complaint
Sponsored message from Voya Financial
Dr. Shlomo Benartzi on How New Research Supports Setting Higher Default Rates for Participants Click to view.
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Participants May Evolve, But Some Things Remain the Same
Both retirees and workers still say the best piece of guidance in helping them prepare financially for retirement is knowing how much money they will need to be financially secure. Read more >
Invest Forward Selects Folio Institutional For Brokerage Tech
Folio Institutional’s API Service makes it easier for firms to build their own unique digital investing platform that includes custom online account opening, document management and securities trading. Read more >
Market Mirror
Tuesday, the Dow closed 37.45 points (0.15%) lower at 24,754.75, the NASDAQ dropped 30.91 points (0.44%) to finish at 6,963.85, and the S&P 500 decreased 8.69 points (0.32%) to 2,681.47. The Russell 2000 fell 12.17 points (0.79%) to 1,536.75, and the Wilshire 5000 was down 49.87 points (0.18%) at 27,821.94.   The price of the 10-year Treasury note decreased 18/32, bringing its yield up to 2.456%. The price of the 30-year Treasury bond fell 1 13/32, increasing its yield to 2.810%.

Editorial: Alison Cooke Mintzer alison.mintzer@strategic-i.com

Advertising: Paul Zampitella paul.zampitella@strategic-i.com

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