Equity markets around the globe deepened their year-to-date losses as tensions between Russia and Ukraine heightened throughout the week.
US Markets lost the ground they gained last week after inflation came in hotter expected and tensions between Russia and Ukraine escalated.
Everyone wants to have a successful retirement, but people are often unsure about how to start saving.
US Markets recovered some of their losses sustained at the beginning of the year this week but remain in the red year to date.
In January, the United States Supreme Court issued its much-anticipated ruling in a retirement plan expense lawsuit. The Hughes v. Northwestern University opinion did not necessarily break new ground. However, it may have further stabilized the grounds on which courts across the country will consider motions to dismiss. Plan fiduciaries will be well-served to understand the potential implications.
Ask most retirees what’s the one thing they wish they had known before they retired and they’ll probably tell you, if they had to do it all over again, they would have liked to have that one piece of advice that would have made things significantly easier.
US Markets were finally able to post a positive week in some areas but are still deeply in the red year to date. International equities were still negative on the week and the year thus far.
This morning, the United States Supreme Court issued its widely anticipated ruling in Hughes v. Northwestern University, which involves retirement plan participants’ allegations of needlessly expensive investment options and excessive recordkeeping fees.
Even with US Markets closed on Monday for Martin Luther King Jr. Day, global equities continued their steady selloff throughout the week.
Global equities continued their selloff for the week as market participants digested hawkish statements from Federal Reserve officials.