| Retirement Savings Optimization | | If the millions of Americans who have lost their jobs or been furloughed would have had an HSA, the funds from it could have paid for health insurance premiums—including COBRA [Consolidated Omnibus Budget Reconciliation Act] health coverage, which enables some newly unemployed workers to retain health insurance.
Read more > | | | Never Too Late | | Daniel Milan blames human nature. “Most often, if someone is starting late saving for retirement it’s because people [tend] to ignore problems—‘If I ignore it, it’ll go away,’” says Milan, a financial adviser and managing partner of Cornerstone Financial in Southfield, Michigan.
Read more > | | | Expanded Plan Access | | At the end of last year, all eyes were on the Setting Every Community Up for Retirement Enhancement (SECURE) Act and its authorization of a new type of retirement savings vehicle, the pooled employer plan (PEP). Although similar in structure to multiple employer plans (MEPs), PEPs are different in that they remove the common nexus requirement and the “one bad apple” rule that disqualifies the entire plan over the actions of one employer. They also must be administered by an approved entity, called a pooled plan provider (PPP).
Read more > | | | Market Mirror | | Wednesday, the Dow gained 114.32 points (0.38%) to finish at 30,129.83, the NASDAQ closed 36.80 points (0.29%) lower at 12,771.11, and the S&P 500 was up 2.75 points (0.07%) at 3,690.01. The Russell 2000 climbed 17.22 points (0.87%) to 2,007.10, and the Wilshire 5000 increased 38.05 points (0.10%) to 39,091.06.
The price of the 10-year Treasury note was down 3/32, increasing its yield to 0.950%. The price of the 30-year Treasury bond decreased 29/32, bringing its yield up to 1.685%.
| |
|
