| ‘Gray Divorce’ on the Rise | | More and more older couples are calling it quits, and the financial ripples extend far beyond property division. “This upward trend in couples divorcing over the age of 50 has created a recent swirl among the estate planning industry,” says Ray Radigan, head of private trust at TD Wealth. “‘Gray divorce’ is adding another layer of complexity to the estate planning process that already arises with blended families, designation of heirs and the ever-changing domestic structures.”
Read more > | | | On Small Plans and Large | | Any size plan could be a target for fee litigation.
Read more > | | | The Coronavirus Is Adding to U.S. Economic Inequality | |
One positive point in some otherwise sobering data is the role that defined contribution (DC) plans play in helping middle class Americans generate a stable financial future.
Read more > | | | Market Mirror | | Tuesday, the Dow was down 457.21 points (1.89%) at 23,764.78, the NASDAQ closed 189.79 points (2.06%) lower at 9,002.55, and the S&P 500 decreased 60.20 points (2.05%) to 2,870.12. The Russell 2000 fell 45.70 points (3.46%) to 1,275.54, and the Wilshire 5000 lost 640.04 points (2.16%) to finish at 29,027.68.
The price of the 10-year Treasury note was up 4/32, decreasing its yield to 0.672%. The price of the 30-year Treasury bond increased 1 2/32, bringing its yield down to 1.372%.
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