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January 25th, 2021 |
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DOL Secretary Objects to Provision in Settlements of DST ERISA Lawsuits | The settlements include a provision that would bar Secretary of Labor Eugene Scalia from continuing his efforts in a lawsuit he filed regarding the same matter.
Read more > | | 2021 PLANSPONSOR Plan Adviser of the Year Nominations Open | Nominations for the 2021 PLANSPONSOR Retirement Plan Adviser of the Year awards may be made by plan sponsor clients, employers, brokers/dealers of eligible advisers, as well as from working partners of these advisers.
Read more > | | 2021 Practice Progress Series: 529 Plans, Student Loans and Financial Wellness | Sources say the aggregate amount of student loan debt carried by workers in the U.S. has now exceeded the amount of credit card debt. Though for some, student loans represent “good debt,” others are being financially drained by unattainable monthly payments, making the goal of saving for retirement or a home purchase seem like a pipedream. This hour-long, editorial webinar will focus on employee financial wellness, and specifically on planning for education expenses through 529 college savings plans. Budgeting and debt management will also be considered, as will the “hierarchy of savings.”
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Retirement Industry People Moves | Empower Retirement selects core market sales director; OneDigital Investment Advisors acquires portion of Vertical Financial Group; New Partner joins MKCI; and more.
Read more > | | Advisers Giving Back | Firms’ Efforts Show Local Pride
Read more > | | Market Mirror | Friday, the Dow lost 179.03 points (0.57%) to finish at 30,996.98, the NASDAQ increased 12.15 points (0.09%) to 13,543.06, and the S&P 500 closed 11.60 points (0.30%) lower at 3,841.47. The Russell 2000 climbed 27.34 points (1.28%) to 2,168.76, and the Wilshire 5000 was down 25.88 points (0.06%) at 40,783.64.
The price of the 10-year Treasury note increased 24/32, bringing its yield down to 1.084%. The price of the 30-year Treasury bond was up 6/32, decreasing its yield to 1.847%.
For the week ending January 22, the Dow was up 0.59%, the NASDAQ climbed 4.19%, and the S&P 500 increased 1.94%. The Russell 2000 gained 2.15%, and the Wilshire 5000 finished 2.01% higher.
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