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Weekday news and analysis for retirement plan advisers
Tuesday, July 26, 2022
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Special Coverage
Could ‘Buy Now, Pay Later’ Trend Weaken Savers’ Financial Wellness?
Some ‘buy now, pay later’ services promise no interest or fees and no impact on a consumer’s credit score—but that is only if the user lives up to all the terms and conditions.
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Data & Research
Pandemic’s Wake Draws Emergency Savings Accounts Into Focus
The pandemic and its impact on the global workforce have underscored the importance of—and increased demand for—a backup plan for unexpected expenses.
Today’s Most Read
1. Empower Reports Year-Over-Year Growth in Workplace, Wealth
2. The Expansive Reach of the DOL’s Proposed Fiduciary Rule
3. Retirement Industry People Moves – 2/16/24
Emergency Savings Preparedness and Perceptions
According to EBRI, workers with household incomes of $75,000 or more are more than twice as likely to say they feel they can handle an emergency expense than those with household incomes of less than $35,000.
The ‘Why’ Behind eMoney-Nationwide Wellness Tech Partnership
Speaking about her firm’s new partnership with eMoney, Nationwide’s Rona Guymon says the time is ripe for the integration of retirement income products with holistic advisory and financial wellness solutions.
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

Tuesday, the Dow fell 228.50 points (0.71%) to close at 31,761.54, the Nasdaq dropped 220.09 points (1.87%) to 11,562.58 and the S&P sagged 45.79 points (1.15%) to 3,921.05. The Russell 2000 slipped 12.53 points (0.69%) to 1,805.25 and the Wilshire 5000 lost 503.05 points (1.27%) to 39,021.72.

The price of the 10-year Treasury note increased was unchanged and the yield increased to 2.806%. The price of the 30-year Treasury bond increased was unchanged and the yield was 3.028%.

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