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By Staff Reporters
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The IRS recently announced some welcome news for higher-income workers with 401-k[s] and similar retirement plans. The agency delayed implementing a new rule that would have required catch-up contributions made by people earning over $145,000 to be directed into an after-tax Roth account.
CITE: https://www.r2library.com/Resource
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Here is where the major benchmarks ended:
- The S&P 500 Index was down 0.43 point at 4,373.20; the Dow Jones Industrial Average was up 13.11 points at 33,997.65; the NASDAQ Composite (COMP) was down 34.24 points (0.3%) at 13,533.75.
- The 10-year Treasury note yield was up about 13 basis points at 4.84%.
- CBOE’s Volatility Index (VIX) was up 0.68 at 17.89.
Technology shares were among the market’s weakest performers Tuesday, with the Philadelphia Semiconductor Index (SOX) dropping more than 1%. Banks and retailers did better.
The KBW Regional Banking Index (KRX) rose 2% to end near a four-week high. Small-cap stocks were also higher, with the Russell 2000 Index (RUT) gaining more than 1%.
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Filed under: "Ask-an-Advisor", Alerts Sign-Up, Financial Planning, Funding Basics, Investing, Taxation | Tagged: CBOE, DJIA, DOW, KRX, NSDAQ, Russell 2000, RUT, S&P 500, SOX, VIX |
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