August 20th, 2020

Advising Early Retirees on Money Management Retiring early can be stressful for workers, but with help from advisers, it doesn’t have to be. Read more > 401(k) Participants Barely Touched Accounts in July However, the movement from equities to fixed income continues, according to the Alight Solutions 401(k) Index. Read more > Rebalance Offers Personalized 401(k) Products to Small Businesses The firm will also assume the role of investment adviser to the plan, and therefore accept most of the fiduciary responsibilities as well.  Read more > IRS Issues NPRM for Extended Rollover Deadline for Qualified Plan Loan Offsets A participant has until the due date (with extensions) for filing his federal income tax return for plan loan offset amounts resulting solely from the participant’s termination of employment or the employer’s termination of the plan. Read more > MOST READ ARTICLES 1 Principal Continues Focus on Asset Management, ‘Jet Fuel’ of the Business 2 2023 Retirement Plan Adviser of the Year Finalists 3 With SECURE 2.0, the Cash Balance DB Plan May Be Back 4 Biden’s First Veto Keeps DOL’s ESG Rule in Place 5 Complying With the Custody Rule and the New Custody Proposal

Sponsored message from New York Life Investments Market Trends & Analysis Optimizing retirement portfolios: A high-level look at the benefits of adding high-yield bonds. Read more > Apples vs. Oranges For retirement plan participants, financial crises are not all the same. Read more > Tax-Saving Opportunity Investors might consider a Roth conversion now. Read more > Market Mirror Wednesday, the Dow was down 85.19 points (0.31%) at 27,692.88, the NASDAQ lost 64.38 points (0.57%) to finish at 11,146.46, and the S&P closed 14.93 points (0.44%) lower at 3,374.85. The Russell 2000 was up 2.29 points (0.15%) at 1,572.07, and the Wilshire 5000 decreased 150.17 points (0.43%) to 34,543.88.   The price of the 10-year Treasury note was down 2/32, increasing its yield to 0.686%. The price of the 30-year Treasury bond decreased 28/32, bringing its yield up to 1.426%.

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