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Wednesday, December 21, 2022
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SECURE 2.0 Bill Contains Popular and Widely Anticipated Retirement Reforms
PA-122022-SECURE-2.0-in-federal-omnibus-spending-bill-507534778-web
Legislation now needs Congressional approval, along with the budget, and the president’s signature this week.
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CBO Says Social Security Trust Funds May Be Depleted by 2033
Retirement advisers may need to counsel on a 23% reduction in Social Security benefits within the next decade if the government doesn’t act on the latest projections from the Congressional Budget Office.
Today’s Most Read
1. Infosys Breach From 2023 Exposed Personal Data of 6 Million People
2. Voya to Acquire OneAmerica’s Retirement Plan Business
3. Capital Group Launches 1st Active/Passive TDF Blend Series
Adviser Product Partnerships
Linqto brings private equity investing to Millennium’s retirement portfolios; Wealthcare Capital Management partners with retirement, health and home equity firms; Morningstar launches research portal for financial advisers; and more.
Measure Your Footprint
How some plan advisers embrace sustainability in their practice.
2023 Plan Sponsor of the Year Nominations Are Open
Do you know of or work for a plan sponsor that goes above and beyond to make retirement security a reality for employees?
Market Mirror Market Mirror Graph

Tuesday, the Dow rose 92.20 points (0.28%) to close at 32,869.75, the Nasdaq increased 1.08 points (.01%) to close at 10,547.11 and the S&P 500 was up 3.96 points (0.10%) to close at 3,821.62. The Russell 2000 rose 9.44 points (0.54%) to close at 1,748.02 and the Wilshire 5000 rose 57.00 points (0.15%) to 37,891.24.

The price of the 10-year Treasury note fell 31/32, raising the yield to 3.690%. The price of the 30-year Treasury bond rose 4/32, bringing the yield to 3.746%.

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