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Monday, June 21, 2021
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Women Face $1.1M Lifetime Salary Shortfall
Retirement plan advisers can help women overcome this hurdle by being aware of the issue and counseling them on benefits and other career issues appropriately.
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New WIPN Research Compares ‘Advocates’ and ‘Mentors’
Mentors are like gurus—they are critical sources of information and inspiration—but the group says a true workplace ‘advocate’ can do a lot more to help people from underrepresented groups succeed in the financial services industry.
Today’s Most Read
1. DOL Issues Final Retirement Security Rule
2. 69% of Pre-Retirees Say Retirement at 65 Is Not Possible
3. Moving Beyond One-Size Fits All Benefits
Retirement Industry People Moves
Luma hires annuities sales director; PBGC appoints new chief policy officer; OneAmerica selects RM leaders; and more.
Special Coverage: Participant Insights
The participant is ultimately at the center of everything retirement plan advisers do, but that doesn’t mean they are well understood.
Investment Product and Service Launches
Dimensional Fund Advisors converts several mutual funds into active ETFs and Investment Metrics launches factor analysis platform.
The Many Uses of NQDC Funds
To pay for an early retirement or a child’s education are just two possibilities.
Market Mirror Market Mirror Graph

Friday, the Dow lost 533.37 points (1.58%) to finish at 33,290.08, the Nasdaq closed 130.97 points (0.92%) lower at 14,030.38, and the S&P 500 decreased 55.41 points (1.31%) to 4,166.45. The Russell 2000 was down 49.71 points (2.17%) at 2,237.75, and the Wilshire 5000 fell 550.95 points (1.24%) to 43,762.11.

 

The price of the 10-year Treasury note was up 7/32, decreasing its yield to 1.437%. The price of the 30-year Treasury bond climbed 1 9/32, bringing its yield down to 2.019%.

 

For the week ending June 18, the Dow lost 3.45%, the Nasdaq was down 0.28%, and the S&P 500 decreased 1.91%. The Russell 2000 fell 4.20%, and the Wilshire 5000 finished 1.92% lower.

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