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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. PEP Pros and Cons
2. Evaluating a Retirement Income ‘Easy Button’
3. NAPA Head Warns of 401(k) Revenue Grab by Policymakers
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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