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Friday, December 23, 2022
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SECURE 2.0 Passes Senate as Industry Overwhelmingly Hopes for House Passage
PA-122122-Industry Reaction to SECURE 2.0 Legislation-1256489977-web
The bill, which is awaiting House vote, contains the most popular provisions while also giving time for actors to come into compliance.
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CDC Says U.S. Life Expectancy Fell to 76.4 Years in ‘21, Lowest Since 1996
Retirement plan consulting and actuary head says COVID-19 has muddled mortality outcome tracking, with the industry awaiting delayed IRS mortality improvement tables.
Today’s Most Read
1. Nearly Half of Retirees Have No Formal Decumulation Strategy
2. Firefighter Pension Complaint Alleges Insider Trading by United Health Execs, Including Slain CEO
3. 401(k)s and the Courts in 2025
Investment Service and Product Launches
Ameriprise testing retirement income planning service; Vanguard adds short-term tax-exempt bond ETF; Franklin Templeton starts ClearBridge sustainable infrastructure ETF; and more.
Variable-Rate Premiums To Be Capped by SECURE 2.0
The variable premiums paid to PBGC would be un-indexed from inflation.
2023 Retirement Plan Adviser of the Year Nominations Are Open
We need your help recognizing the best advisers and adviser teams in the country. Nominations are now being accepted in six categories: Plan Sponsor Service; Plan Participant Service; Mentorship; Efforts in Diversity, Equity and Inclusion (DEI); Community Impact and Giving Back; and Closing the Coverage Gap. Self-nominations are not allowed, and nominations for the Plan Sponsor Service and Plan Participant Service categories can only come from plan sponsor clients. Nominations close January 15, so make your submission soon.
Market Mirror Market Mirror Graph

Thursday, the Dow decreased 348.99 points (1.05%) to close at 33,027.49, the Nasdaq decreased 233.25 points (2.18%) to close at 10,476.12 and the S&P 500 lost 56.05 points (1.45%) to close at 3,822.39. The Russell 2000 lost 22.85 points (1.29%) to close at 1,754.09 and the Wilshire 5000 lost 563.17 points (1.46%) to close at 37,899.75.

The price of the 10-year Treasury note fell 1/32, bringing the yield to 3.682%. The price of the 30-year Treasury bond decreased 4/32, bringing the yield to 3.743%.

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