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Weekday news and analysis for retirement plan advisers
Monday, April 10, 2023
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Gig Workers Uncertain if They Will Retire, Likely to Self-Fund if They Do
PA-040623-Gig Worker Retirement Savings-1144176152-web
Many freelancers plan to work beyond 65, and 30% say they don’t plan to retire at all.
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Retirement Industry People Moves
Ascensus appoints Kennedy as VP; Pentegra announces Finnegan as SVP, General Counsel; and more.
Today’s Most Read
1. Small Business “Bullishness” Helping to Drive 401(k) Growth
2. The Scramble to Make the Saver’s Match Work
3. Modern Wealth Surpasses $4B in Less Than 2 Years
Investment Product Launches
Xtrackers by DWS announces a new ETF; Principal launches hybrid QDIA; Penn Mutual introduces Protection Whole Life; and more.
Morningstar: Pandemic Caused Plan Closures, Creation Slowdown
Morningstar study sees the pandemic as a "warning" of how economic disruption can stymie new plan creation. 
What is MarylandSaves, and What Does it Do?
MarylandSaves, the state’s new auto-IRA program, has an unusual backstory and some unique features that could serve as a model for other states considering similar programs, especially those with divided government.
Market Mirror Market Mirror Graph

Thursday, the Dow gained 2.57 points (0.01%) to close at 33,485.29, the Nasdaq gained 91.10 points (0.76%) to close at 12,087.96 and S&P 500 rose 14.64 points (0.36%) to close at 4,105.02. The Russell 2000 increased 2.33 points (0.13%) to close at 1,754.46 and the Wilshire 5000 gained 143.25 points (0.35%) to close at 40,506.68. 

The price of the 10-year Treasury note was unchanged, bringing the yield to 3.307%. The price of the 30-year Treasury bond increased 25/32, bringing the yield to 3.552%. 

For the week ending April 6, the Dow gained 1.77%, the Nasdaq increased 0.47% and the S&P 500 increased 1.2%. The Russell 2000 lost 1.16% and the Wilshire 5000 finished 1.05% higher. 

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