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Weekday news and analysis for retirement plan advisers
Monday, December 12, 2022
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Data & Research
Morningstar Raises “Safe” Retirement Withdrawal Rate to 3.8%
PA- Morningstar Withdrawal
Morningstar researchers say higher interest rates and lower equity evaluations will make starting with a 3.8% withdrawal rate safe for a balanced saver over a 30-year time horizon.
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Deals & People
Practice Management
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Data & Research
Retirement Industry People Moves
Northwestern Mutual names new CFO; Lockton has a new U.S. chief counsel; HUB keeps expanding with insurance and benefit buys; and more.
Today’s Most Read
1. It’s Time We Stopped Evaluating Managed Accounts from 2006
2. The Expansive Reach of the DOL’s Proposed Fiduciary Rule
3. Empower Reports Year-Over-Year Growth in Workplace, Wealth
Bipartisan Group Introduces Bill for Portable Federal Retirement Accounts
Legislation would establish a new program to give eligible workers access to portable, tax-advantaged accounts.
LPL Advisers Overwhelmingly Support SECURE 2.0 Even as Timeline for Passage Tightens
On the same day Senator Rob Portman, a retirement-legislation leader, gave his farewell speech, a survey from the massive independent broker/dealer shows the majority of its advisers support the passage of SECURE 2.0 this year.
Webinar: Wealth Management in a Retirement Plan Practice
Join PLANADVISER on December 13 as a panel of industry experts discuss why wealth and retirement belong together—or do they?; how wealth management can be fit into an advisory firm’s service offering; how to approach revenue opportunities in wealth management, and more.
Market Mirror Market Mirror Graph

FFriday, the Dow decreased 305.02 points (0.90%) to close at 33,476.46, the Nasdaq decreased 77.39 points (0.70%) to close at 11,004.62 and the S&P 500 was down 29.14 points (0.74%) to end trading at 3,934.38. The Russell 2000 decreased 21.63 points (1.19%) to close at 1,796.66 and the Wilshire 5000 decreased 301.47 points (0.77%) to close at 39,011.96.

For the week ending December 9, the Dow lost 2.77%, the Nasdaq decreased 3.99% and the S&P 500 lost 3.37%. The Russell 2000 lost 5.08% and the Wilshire 5000 finished 3.68% lower.

The price of the 10-year Treasury note decreased 30/32, bringing the yield up to 3.584%. The price of the 30-year Treasury bond decreased 2 5/32, bringing the yield up to 3.563%.

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