December 21st, 2017

Measuring Retirement Readiness Key to Clients’ Workforce Management Waiting until a plan sponsor sees that employees are not retiring on time is too late to manage the pipeline of talent, and having employees unexpectedly retire early can cause disruption to business units or divisions and to talent transitions. Read more > RIAs Lowering Fees by 20 to 30 Basis Points They are making the move to become more competitive in light of the fact revenue growth has slowed to 7%. Read more > Employers Should Shift Perception of Managed Accounts Research from Cerulli Associates finds plan sponsors must position managed accounts as a service, in order to change its costly product reputation. Read more > PBGC Provides New Table for Determining Expected Retirement Ages The new table is for single-employer pension plans undergoing distress or involuntary termination with valuation dates falling in 2018. 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

Few Employees Using HSAs as Retirement Savings Vehicles But, employees younger than 25 and older than 65 are more likely to say they try to save/invest their HSA funds, a survey finds. Read more > Mutual of America Turns to Social Media to Educate People About Retirement The firm is offering tips, tools, studies and articles on Facebook, Twitter and LinkedIn. Read more > Market Mirror Wednesday, the Dow closed 28.10 points (0.11%) lower at 24,726.65, the NASDAQ was down 2.89 points (0.04%) at 6,960.96, and the S&P 500 decreased 2.22 points (0.08%) to 2,679.25. The Russell 2000 increased 3.33 points (0.22%) to 1,540.08, and the Wilshire 5000 was down 13.51 points (0.05%) at 27,808.43.   The price of the 10-year Treasury note decreased 9/32, bringing its yield up to 2.499%. The price of the 30-year Treasury bond fell 1 6/32, increasing its yield to 2.881%.

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