The Markets Financial markets were remarkably calm last week. Many stock markets in the United States, Europe, and Asia moved higher as investors chose to focus their attention on the minutes of the October 27-28, 2015 Federal Open Market Committee (FOMC) meeting, which were released on Wednesday, rather ...
November 23, 2015Fredrick Livingston
A recent call with a plan trustee in Georgia is representative of a common question related to employees wanting money from their 401(k) account. The Trustee asked: "One of our employees has a vested account balance in the 401(k) plan and has decided that he wants to take his money out ...
November 18, 2015Fredrick Livingston
The Markets Attacks on Paris by the Islamic State were an appalling exclamation point at the end of a difficult week for stock markets. World stock markets tumbled as investors braced for a possible rate hike by the Federal Reserve in December. Many national indices across the United ...
November 16, 2015Fredrick Livingston
The Markets And, the Bureau of Labor Statistics (BLS) said… U.S. job growth surpassed expectations in October. About 271,000 jobs were created across diverse industries: professional and business services, health care, retail, construction, and others. That was a significantly higher number than predicted by economists who participated in ...
November 9, 2015Fredrick Livingston
A recent call with a plan trustee in Georgia is representative of a common question related the Fidelity Bonds for retirement plans. The Trustee asked: “Why do I have to have a Fidelity Bond for our 401(k) Plan?” The short answer is, “Because the law requires it!” ERISA (Employee Retirement Income Security ...
November 4, 2015Fredrick Livingston
The Markets Keep your eyes on the data. There was much to be said for U.S. stock markets’ performance during October. Both the Dow Jones Industrial Average and the Standard & Poor’s 500 Index delivered their best monthly performance in four years, according to Barron’s. Any celebration of strong ...
November 2, 2015Fredrick Livingston
The Markets Central banks were at it again – and markets loved it. Last week, European Central Bank (ECB) President Mario Draghi surprised markets when he indicated the ECB’s governing council was considering cutting interest rates and engaging in another round of quantitative easing. The Economist explained European ...
October 26, 2015Fredrick Livingston
The pension consultants on the Planmark Resource Desk regularly receive calls from retirement plan participants on a broad array of technical topics related to IRAs and qualified retirement plans. A recent call with a participant in Georgia is representative of a common question related to 401(k) loans. The participant asked: "I have ...
October 21, 2015Fredrick Livingston
The Markets How quickly emotions have changed since August. Worry? Angst? It’s already priced into the markets, according to some experts. Last week, Barron’s published the results of its Big Money Poll, a biannual survey of professional investors and money managers. A majority of those surveyed (55 percent) ...
October 19, 2015Fredrick Livingston
The Markets They’re investors. They’re allowed to change their minds. Just a few weeks ago, on September 17, the Federal Reserve Open Market Committee (FOMC) decided to leave the fed funds rate unchanged. In part, this was because, “Recent global economic and financial developments may restrain economic ...
October 12, 2015Fredrick Livingston