August 3rd, 2018

Lawsuit Filed Challenging Benefit Cuts to Multiemployer Plans The plaintiffs intend to show that the government’s actions approving benefit cut reductions reflect a constitutional violation for several reasons. Read more > Study Suggests Women Are More Likely to Heed Financial Advice According to a new MassMutual study, 79% of retired women are receiving professional financial advice, compared to 68% of men. Read more > Nearly One Third of Pensions within Striking Distance of a Buyout With a funding status of 95% or more, a buyout or risk transfer deal are two viable options for these plans. Read more > Financial Stress Hampers Employees’ Vision of Retirement In a new Bank of America Merrill Lynch survey, 95% of employers who offer such benefits agree that their financial wellness programs have been effective at promoting work force management goals. Read more > MOST READ ARTICLES 1 Stimulus Bill Extends Some Provisions of the CARES Act 2 Coronavirus Hardship Withdrawals, Taxes and Your Retirement Plan Clients 3 Warn Your Clients: Don’t Abuse Coronavirus Hardship Withdrawals 4 Many Near-Retirees Don't Understand Social Security Benefits 5 Once They Catch On, PEPs Could Grow Exponentially

Investment Product and Service Launches Vanguard makes changes to active equity funds; Global X Funds presents TargetIncome ETFs; Northern Trust launches multi-dimensional fund; and more Read more > More Save for Retirement … but few believe they are saving enough Read more > Market Mirror Thursday, the Dow was down 7.66 points (0.03%) at 25,326.16, the NASDAQ gained 95.40 points (1.24%) to finish at 7,802.69, and the S&P 500 was up 13.86 points (0.49%) at 2,827.22. The Russell 2000 closed 12.84 points (0.77%) higher at 1,682.10, and the Wilshire 5000 increased 192.02 points (0.66%) to 29,454.94.   The price of the 10-year Treasury note was up 5/32, decreasing its yield to 2.987%. The price of the 30-year Treasury bond increased 8/32, bringing its yield down to 3.119%.

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