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Weekday news and analysis for retirement plan advisers
Tuesday, December 27, 2022
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Congress Passes SECURE 2.0, Forwarding Second Major Retirement Reform in Three Years
PA-122222-SECURE 2.0 Passage-612387618-web
The passage of sweeping policy to increase retirement saving among Americans now awaits presidential signature.
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Retirement Industry People Moves
CBCF Names Verity’s Otto Vice Chairman; Spinelli promoted to co-CIO at Halbert Hargrove; Gallagher acquires Retirement, HR Advisory Buck; and more.
Today’s Most Read
1. 2025 PLANADVISER Retirement Plan Adviser of the Year
2. Employees Take Action After Financial Wellness Engagement
3. JPMorgan Sued Over Health Plan’s Generic Drug Costs
Market Nostradamus Doll Goes 7.5 for 10 in 2022 Predictions
The Crossmark investment leader’s self-evaluation turned up a passing grade for a rocky, and historic, 2022 in the markets.
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.
Xerox Has Preliminary Settlement In Excessive Fee Lawsuit
The $4.1 million settlement is pending court approval.
Market Mirror Market Mirror Graph

Friday, the Dow gained 176.44 points (0.53%) to close at 33,203.93, the Nasdaq increased 21.74 points (0.21%) to close at 10,497.86 and the S&P 500 increased 22.43 points (0.59%) to close at 3,844.82. The Russell 2000 increased 6.85 points (0.39%) to close at 1,760.93 and the Wilshire 5000 increased 210.67 points (0.56%) to close at 38,110.42.

The price of the 10-year Treasury note fell 6/32, bringing the yield to 3.673%. The price of the 30-year Treasury bond decreased 1 4/32, bringing the yield to 3.727%

For the week ending December 23, the Dow gained 0.86%, the Nasdaq decreased 1.94% and the S&P 500 lost 0.20%. The Russell 2000 lost 0.14% and the Wilshire 5000 finished 0.28% lower.

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