Retirement Income / Annuities

  • Stocks Have Mixed Reaction
    Stocks Have Mixed Reaction

    Stocks were mixed last week amid a busy week of earnings, some troubling economic data, and seemingly little progress on a new fiscal stimulus package

    The Dow Jones Industrial Average slipped 0.16%, while the Standard & Poor's 500 increased by 1.73%. The Nasdaq Composite Index surged 3.69% for the week. The MSCI EAFE Index, which tracks developed stock markets overseas, dipped 0.75%
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  • How COVID-19 Is Influencing Employers’ Retirement Plan Decisions
    How COVID-19 Is Influencing Employers’ Retirement Plan Decisions

    Which may lead to significant changes in their staffing and compensation practices

    Which may lead to significant changes in their staffing and compensation practices Survey of DC plan sponsors and how the pandemic is affecting their plans, benefits programs, and companies conducted by Secure Retirement Institute® The COVID-19 crisis has had a substantial impact across all social and economic sectors, including defined contribution (DC) plans. The environment…
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  • Borrowers Skipping Payments on Home Loans More Often Than Other Debt
    Borrowers Skipping Payments on Home Loans More Often Than Other Debt

    During the last crisis, consumers prioritized auto, credit cards over mortgages

    Residential mortgage borrowers are missing more payments and taking advantage of payment holiday programs at a higher rate than comparable-credit borrowers of auto loans and credit cards, says Fitch Ratings.
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  • Examining The DOL’s New ESG ‘Investment Duties’ Regulation
    Examining The DOL’s New ESG ‘Investment Duties’ Regulation

    Are the needs of retirement plan savers being ignored?

    Voya Financial, Inc. (NYSE: VOYA), has submitted a comment letter to the Department of Labor (DOL) concerning the DOL's proposed amendments to the “investment duties” regulation under the Employee Retirement Income Security Act of 1974 (ERISA). The proposed rule would effectively eliminate the circumstances in which environmental, social and governance (ESG) factors that do not…
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  • Venture Capital Remains Resilient
    Venture Capital Remains Resilient

    $62.9 Billion raised in the second quarter

    Global venture capital investment showed continued resilience in the second quarter of 2020, reaching $62.9 billion across 4,502 deals - almost equalling total investment from the first quarter of the year and only slightly off the pace seen in 2019's second quarter, which registered $69.8 billion invested, according to KPMG Private Enterprise's Venture Pulse report.
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  • CARES Act, As Implemented, Could Significantly Reduce Retirement Balances
    CARES Act, As Implemented, Could Significantly Reduce Retirement Balances

    Considerable negative impacts facing employees taking full CRDs and failing to pay them back, especially among older cohorts

    A new EBRI study from the Employeee benefit Research Institute (EBRI) examining the conditional impact of the CARES Act on retirement income adequacy projects a minimal impact on the future retirement security for those who take loans or coronavirus-related distributions (CRDs) against their retirement funds but repay them. However, there are considerable negative impacts facing…
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  • What Are Medical Professionals’ Top Financial Planning Priorities?
    What Are Medical Professionals’ Top Financial Planning Priorities?

    Retirement, managing personal risk and debt reduction

    Doctors and dentists are trying to balance significant short-term and long-term priorities when it comes to their financial situations according to findings from the 2020 Medical Professionals: Financial Planning Priorities Study by Northwestern Mutual. The study surveyed Northwestern Mutual advisors working with medical professionals about their clients’ perspectives on wealth and risk management.
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  • Cities Whose Unemployment Rates Are Bouncing Back The Most
    Cities Whose Unemployment Rates Are Bouncing Back The Most

    Cautious optimism as the market moves in a positive direction

    The employment market is continuing to move in a positive direction, as the latest jobs report shows that the national unemployment rate has fallen to 11.1%, which is 25% below the peak of 14.7% during the height of the COVID-19 pandemic. To provide more context at the city level, WalletHub today released its report on…
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  • Insurance Clients Make Pandemic-Driven Jump To Fixed Income Allocations
    Insurance Clients Make Pandemic-Driven Jump To Fixed Income Allocations

    How they increased their allocations to municipal bonds and investment grade credit, among other changes

    DWS, one of the world's leading asset managers, today announced the findings of a joint survey with Greenwich Associates of its institutional insurance client base to better understand how COVID-19 might be influencing their investment strategies and asset class allocations. While the majority of insurance clients surveyed indicated that they plan to maintain their existing…
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  • Edward Jones and the Alzheimer’s Association Bolster Strategic Alliance
    Edward Jones and the Alzheimer’s Association Bolster Strategic Alliance

    U.S. retirees identified Alzheimer’s as a greater health threat than COVID-19

    Financial-services firm Edward Jones announced today it is renewing its strategic alliance with the Alzheimer's Association, committing $25 million over the next five years. The commitment matches the $25 million already raised by Edward Jones, its associates and communities since launching the alliance in 2016.
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  • Big Dip in Willingness to Fund College; Health Care Biggest Worry for Unemployed
    Big Dip in Willingness to Fund College; Health Care Biggest Worry for Unemployed

    New study focuses on impact pandemic is having on saving, investing and advice behaviors

    Parents are saying no to college saving, and health care is the top concern for the newly unemployed, according to a new COVID-19 tracking report from Hearts & Wallets, the data and analytics company that specializes in how consumers save, invest and seek financial advice.
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  • Investor Preferences Undergo Lasting Transformation from Covid-19 Pandemic
    Investor Preferences Undergo Lasting Transformation from Covid-19 Pandemic

    As our world changes so does the way investors and financial advisors collaborate

    Changes in how investors and financial advisors collaborate, at first caused by Covid-19, are likely to remain long after the pandemic, according to a new survey from Broadridge Financial Solutions, Inc. (NYSE:BR), a global Fintech leader. Over half (57%) of investors surveyed said communications with their advisor had changed in some way in light of…
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  • Group Term Life Carriers Brace for Change
    Group Term Life Carriers Brace for Change

    A small number of companies will have a big impact on results

    For nearly two decades, Gen Re has been tracking results for the Group Term Life (GTL) industry. We’ve seen various impacts on the marketplace, from mergers, acquisitions and subsequent growth to serious economic downturns. However, these past experiences don’t always tell us what the future holds. And, during these challenging times, Group Term Life carriers…
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