April 3rd, 2020

Hard Choices Ahead About Easing Hardship Withdrawals With the coronavirus pandemic causing acute financial harm to so many Americans, plan sponsors may feel compelled to offer hardship withdrawal relief in their plans; plan advisers can help them make the best decisions for their workforce by, for example, endorsing loans over outright withdrawals.  Read more > SEC Says Coronavirus Will Not Delay Reg BI, Form CRS “The uncertainties caused by COVID-19 have not changed our perspective or commitment,” SEC Chairman Jay Clayton says. Read more > Building Digital Connections in a Socially Distant World Those few remaining advisers who have been reluctant to integrate digital communications as a core part of their client service strategies have little choice but to reconsider in this new world. Read more > 2020 PLANADVISER Micro Plan Survey Micro plans have much to gain from adviser help with fiduciary matters. Read more > MOST READ ARTICLES 1 2023 Retirement Plan Adviser of the Year Finalists 2 Retirement Advisers Increasingly Want PEP Option in Toolbox 3 With SECURE 2.0, the Cash Balance DB Plan May Be Back 4 A Reminder to Avoid Fraudulent Hardship Withdrawals 5 Principal Continues Focus on Asset Management, ‘Jet Fuel’ of the Business

Envestnet | MoneyGuide Creates Illustrative Tax Planning Feature It is designed to enable advisers to have deeper conversations with clients about various tax strategies. Read more > In Touch How advisers use social media for business development. Read more > Market Mirror Thursday, the Dow gained 469.93 points (2.24%) to finish at 21,413.44, the NASDAQ increased 126.73 points (1.72%) to 7,487.31, and the S&P 500 climbed 56.40 points (2.28%) to 2,526.90. The Russell 2000 was up 13.81 points (1.29%) at 1,085.81, and the Wilshire 5000 closed 488.51 points (1.98%) higher at 25,199.65.   The price of the 10-year Treasury note was down 5/32, increasing its yield to 0.632%. The price of the 30-year Treasury bond decreased 1 1/32, bringing its yield up to 1.262%.

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