Thursday, November 15, 2018

Q3 Market Recap: Hear the U.S. Economy Roar!

But Listen to the Whispers of Caution, Too

The U.S. economy’s robust growth continues to lead global expansion, but there are reasons for investor caution moving forward as interest rates continue to rise incrementally, concern about inflation grows, and market volatility increases.

The Q3 Market Recap shows that the global economic expansion continues, although at a slightly lowered pace. Last quarter, the Market Recap covered the strength in the leading economic indicators. Positive stock performance was underpinned by solid economic data again in the third quarter.

As the U.S. economy continues its remarkable recovery from the recession a decade ago, investors are paying attention to all of these global and domestic activities that may influence how long and how strong this recovery will be going forward.

Read the Q3 Market Recap to learn more. If you have any questions, or would like to begin talking to a retirement plan advisor, please get in touch by calling (855) 882-9177 or e-mail us at

Thursday, November 8, 2018

What’s Happening in the Retirement Market?

Rob Peter to Pay Paul?

Typically this idiom has had a negative connotation, but the Internal Revenue Service’s (IRS) August 17 Private Letter Ruling approving the amendment of Abbott Lab’s 401(k) to include a student loan repayment benefit implies there might be circumstances when it’s not only ok “to take from one source to give to another,” but financially savvy.

The IRS gave its blessing to Abbott Lab’s making non-elective contributions to the 401(k) plan based on an employee’s total student loan repayments made outside the plan. These employer contributions would be in lieu of the matching contributions that would otherwise be made to the plan had the employee made elective contributions. However, the employer may provide a year end true-up match to ensure that if there are pay periods where the employee fails to make student loan repayments, but opts to make elective contributions during the same period, the employee would be eligible to receive a true-up matching contribution.

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