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Thursday, October 20, 2022
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PA 101922 Insights on What Really Matters to Participants
Findings of a national survey debunked some myths about what employees think about work and retirement.
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High-Net-Worth Individuals Worry if They Will Have Enough to Retire
While millionaires are saving more compared to the average, it’s not at a great enough amount to make a significant difference.
Today’s Most Read
1. Nearly Half of Retirees Have No Formal Decumulation Strategy
2. 1 Year in, Portability Services Network Covers 15,000 Retirement Plans
3. 401(k)s and the Courts in 2025
The Appeal of Guaranteed Lifetime Income Option Is Growing Among Participants
While more participants are looking for a consistent source of income in retirement, they also want the flexibility to change their payments when needed.
Sequoia Secures $200M from PE Firm Valeas to Fuel Continued Growth
The wealth management firm continues an acquisitions push after nearly doubling assets under management to $10 billion last year.
Retirement Industry People Moves

SageView Advisory Group to acquire women-led Lakeview Wealth Management; Corebridge Financial hires president of retirement services; UBS hires seven in California; and more.

Market Mirror Market Mirror Graph

Wednesday, the Dow decreased 99.99 points (0.33%) to close at 30,423.81, the Nasdaq lost 91.89 points (0.85%) to finish trading at 10,680.51 and the S&P 500 decreased 24.82 points (0.67%) to close at 3,695.16. The Russell 2000 lost 30.20 points (1.72%) to close at 1,725.76 and the Wilshire 5000 decreased 331.14 points (0.89%) to close at 36,882.51.

The price of the 10-year Treasury note decreased 31/32 bringing the yield up to 4.136%. The price of the 30-year Treasury bond decreased 1 27/32 bringing the yield up to 4.131%.

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