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 | Warn Your Clients: Don’t Abuse Coronavirus Hardship WithdrawalsThough retirement plans can allow individuals to self-certify that they qualify for a penalty-free coronavirus-related distribution, should the IRS discover otherwise during a future audit, a participant can be subject to substantial penalties. Read more > |
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| Investment Product and Service Launches | |
| Lincoln Financial Group adds solution within director program; Franklin Templeton increases ETF lineup; Northern Trust announces new series trust; and more. Read more > | |
| SoFi Adds CARES Program for Student Debt Relief | |
| The program will help employers facilitate student loan contributions under the CARES Act through 2020. Read more > | |
| Market Mirror | |
| Thursday, the Dow plunged 1,861.82 points (6.90%) to 25,128.17, the NASDAQ lost 527.62 points (5.27%) to finish at 9,492.73, and the S&P 500 fell 188.04 points (5.89%) to 3,002.10. The Russell 2000 closed 111.17 points (7.58%) lower at 1,356.22, and the Wilshire 5000 dropped 1,933.94 points (5.96%) to 30,532.05. The price of the 10-year Treasury note increased 6/32, bringing its yield down to 0.662%. The price of the 30-year Treasury bond climbed 2 25/32, decreasing its yield to 1.408%. | |
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