 |
|
 | SECURE Act and CARES Act Still Demand Client DiligenceAs an example, if a plan sponsor has not yet started tracking part-time employees to see whether they accumulate 500 hours of service in 2021, they should begin doing so immediately. Read more > |
|
| Pandemic Forcing Many to Retire Earlier Than Anticipated | |
| Nearly 70% of retirees say they retired earlier than they had expected, up from 50% in 2020. Read more > | |
| Retirement Industry People Moves | |
| Private equity firms acquire Wells Fargo Asset Management; Voya Retirement expands small-mid market corporate team; and more. Read more > | |
| Market Mirror | |
| Friday, the Dow fell by 469.64 points (1.50%) for a 30,932,37 close, the NASDAQ ticked upwards by 72.91 points (0.56%) to end at 13, 192.34, and the S&P 500 gave up 18.19 points (0.48%) to 3,811.15. The Russell 2000 was basically unchanged, but up by 0.88 points (0.04%) to end at 2,201.05, and the Wilshire 5000 was down 120.72 points (0.30%) for a 40,508.68 close. The price of the 10-year Treasury note was up 31/32, decreasing its yield to 1.421%, and the price of the 30-year Treasury bond was up 1 27/32, lowering its yield to 2.132%. WEEK’S WORTH: For the week ended February 26, the Dow declined by 1.78%, the S&P 500 lost 2.45%, and the NASDAQ was down 4.92%. The Russell 2000 declined by 2.90%, and the Wilshire 5000 fell by 2.87%. | |
|
|
|
©2023 Asset International, Inc. All rights reserved. 702 King Farm Boulevard, Suite 400, Rockville, MD 20850 |