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Tuesday, June 06, 2023
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Human Interest Offers 3% Cash Back for New Retirement Savers
PA-053123-CAA-Enforcement-Coming-1437584367-web
The incentive is available for first-time savers making $60,000 or less.
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Advisory M&A
Atria Wealth brings on team from Flagstar; Mercer Advisors acquires RMR Wealth Advisors; BG Group joins UBS; and more.
Today’s Most Read
1. Nearly Half of Retirees Have No Formal Decumulation Strategy
2. Firefighter Pension Complaint Alleges Insider Trading by United Health Execs, Including Slain CEO
3. 401(k)s and the Courts in 2025
Pilot Sues American Airlines Due to ESG 401(k) Investing Strategy
The retirement committee, recordkeeper Fidelity Investments and financial advice provider Edelman Financial Engines were accused of sacrificing fiduciary duty to pursue ‘leftist political agendas.’ 
Debt Ceiling Suspended Until 2025
President Joe Biden's Saturday signature avoided a June 5 default by the U.S. government. 
Retirement Income Today: How Advisers Can Leverage GLWBs
In-plan annuity products are proliferating, but if advisers want an option today, they should know about the guaranteed lifetime withdrawal benefit.
Market Mirror Market Mirror Graph

Monday, the Dow lost 199.90 points (0.59%) to close at 33,562.86, the Nasdaq lost 11.34 points (0.09%) to close at 13,229.43 and the S&P 500 lost 8.58 points (0.20%) to close at 4,273.79. The Russell 2000 fell 24.19 points (1.32%) to close at 1,806.71 and the FT Wilshire 5000 Index fell 122.50 points (0.28%) to close at 43,059.04.

The price of the 10-year Treasury note rose 1/32, bringing the yield to 3.691%. The price of the 30-year Treasury bond fell 1/32, bringing the yield to 3.892%.

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