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Weekday news and analysis for retirement plan advisers
Tuesday, July 18, 2023
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Data & Research
Changing Workforce: Employees Over 55 Will Make Up 25% of US Labor Market by 2031
PA-071723-More Older Workers
A Bain & Co. study found that the so-called Great Resignation has become the ‘Great Sabbatical,’ as many return to work.  
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Advisory M&A
Hub expands in Southeast; Nava acquires benefits consultancy; Cerity adds wealth managers focused on women-owned businesses; and more.
Today’s Most Read
1. It’s Time to Rethink Retirement, Says T. Rowe Price
2. Fidelity to Limit Third-Party Credential-Sharing for 401(k) Access
3. More Than Half of Plan Advisers Expect to Use AI
SEC's Gensler Says AI Can Create Conflicts of Interest
The SEC chair said that an AI program that even accounts for the interests of the adviser could present conflicts of interest.
IRS Issues RMD Relief Related to SECURE Rules
The IRS notice provides additional time to rollover mistaken required minimum distributions as well as RMD relief for IRA beneficiaries.
Book Today: PLANADVISER National Conference
We look forward to seeing your team and you at the 2023 PLANADVISER National Conference this September! Connect with and learn from skilled experts, leading advisers and plan sponsors to cultivate the skills and knowledge needed in today’s competitive marketplace. Your peers on the PLANADVISER Advisory Board have curated an agenda that will give you and your team members expert perspectives on communicating and interacting with plan sponsors; supporting junior staff members with becoming future leaders; marketing and building your narrative; and solving retirement savings and income challenges.
Market Mirror Market Mirror Graph

Monday, the Dow rose 76.32 points (0.22%) to close at 34,585.35, the Nasdaq rose 131.25 points (0.93%) to close at 14,244.95 and the S&P 500 rose 17.37 points (0.39%) to close at 4,522.73. The Russell 2000 rose 20.18 points to close at (1.05%), and the FT Wilshire 5000 Index rose 212.67 points (0.47%) to close at 45,742.99.

The price of the 10-year Treasury note rose 2/32, bringing the yield to 3.810%. The price of the 30-year Treasury bond was unchanged, bringing the yield to 3.927%. 

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