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Friday, July 22, 2022
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PANC 2022
Meet Dave Barry, Professional Humorist
Among his accomplishments, Barry won the Pulitzer Prize for commentary, although he misplaced it for several years, which is why his wife now keeps it in a secure location that he does not know about.
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IRS Rules on Mergers Involving DB Plans That Have Received SFA
If a plan that received special financial assistance merges with an ongoing plan, the ongoing plan is not considered to be in critical status.
Today’s Most Read
1. Fidelity Data Breach Exposed Info of 77,000 Clients
2. Social Security Raises Benefit by 2.5% for 2025
3. Northern Trust Reaches Tentative Settlement in 401(k) Suit
Investment Product and Service Launches
UBS launches U.S. version of Climate Aware Equity Index, and Vanguard makes Global Positive Impact Stock Fund available.
New, Tighter Distribution Rules
Retirement plan advisers should revisit retirement planning for clients who count on the ‘stretch’ IRA provision for bequeathing their individual retirement account or 401(k).
BPAS Announces Financial Planning Tool Update
The new tool will allow advisers to meet with participants and can be used on demand to help with planning.
IRS Rules on Mergers Involving DB Plans That Have Received SFA
If a plan that received special financial assistance merges with an ongoing plan, the ongoing plan is not considered to be in critical status.
Market Mirror Market Mirror Graph

Thursday, the Dow increased 162.06 points (0.51%) to 32,036.90, the Nasdaq climbed 161.96 points (1.36%) to 12,059.61, and the S&P 500 gained 39.05 points (0.99%) to finish at 3,998.95. The Russell 2000 was up 8.74 points (0.48%) at 1,836.69, and the Wilshire 5000 closed 371.37 points (0.94%) higher at 39.927.62.

The price of the 10-year Treasury note increased 1 2/32, bringing its yield down to 2.886%. The price of the 30-year Treasury bond climbed 2 2/32, decreasing its yield to 3.046%.

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