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The center of Hurricane Dorian made landfall at 8:35 a.m. Friday over Cape Hatteras, North Carolina, with maximum sustained winds near 90 mph, according to the National Hurricane Center.Overnight, the storm lashed parts of North Carolina and Virginia with rain, storm surges and strong winds as it brushed up against the coast as a Category 1 storm.Before it lost some of its strength early Friday, Dorian caused flooding in parts of the Carolinas and spawned a number of tornadoes, officials said. More than 387,000 people were left in the dark in South Carolina, North Carolina and Virginia, 606
The average 401(k) balance rose 17% last year to 2,300 from the end of 2018, according to a review of 17.3 million accounts by Fidelity Investments. The average individual retirement account, or IRA, balance rose the same percentage to 5,400.Surging markets around the world were a big reason for the growth: The S&P 500 index had one of its best years in decades with a 31.5% return. Investments of all types logged gains, from junk bonds to stocks from developing economies.But workers’ better savings habits also played a big role.Fidelity said the average worker set aside 8.9% of their pay in their 401(k) in the fourth quarter, a record. Combined with employer matches, the average total savings rate was 13.5% in the quarter, tying its record last reached in the spring of 2019.“Nobody can control the market, so the behaviors of people contributing to their 401(k)s are what get us the most excited,” said Katie Taylor, vice president of thought leadership at Fidelity. “We have people saving 13.5%, which is really close to the 15% that we recommend. That’s a great story.”In many cases, workers may not even realize they’re saving more. Most employers give the option for workers to automatically increase their contributions each year, without having to do anything. Some employers even automatically sign up their employees for these auto-escalation programs, requiring them to opt out if they don’t want their contribution levels to steadily rise.Such features are on top of programs where employers automatically enroll new hires in the 401(k) plan. They all lean on the power of inertia to help workers build up bigger nest eggs. It’s a sharp turnaround from earlier years when workers had to take an extra step to join the 401(k) plan and fill out paperwork whenever they wanted their contribution levels to change.“There’s always a way, if you don’t want to do it, where you can unenroll, but these automatic programs have been a game changer,” Taylor said.Consistent contributions — and giving them time to grow — are keys to building bigger portfolios. Among workers who have been in their 401(k) plan for 10 straight years, the average balance rose to a record 8,200, according to Fidelity.Such figures, though, count only people who have a 401(k). Many lower-income workers, particularly at smaller employers, could not save in a 401(k) even if they wanted to because their companies don’t offer access to one. Legislation passed late last year aims to make it easier for smaller employers to band together and offer plans.Nearly half of all U.S. households aged 55 and over, 48%, had no retirement savings at all as of 2016, according to estimates from the Government Accountability Office. 2737

The House on Tuesday approved a resolution greenlighting the House Judiciary Committee to go to court to enforce its subpoena for former White House counsel Don McGahn's testimony and to seek grand jury information from special counsel Robert Mueller's report.The resolution also authorized the House panel to take its subpoena of Attorney General William Barr to court, 383
to the U.S. Consumer Product Safety Commission. 313
The House of Representatives will not get President Donald Trump's financial records for now, the Supreme Court said on Monday.The ruling is a win for Trump, who is fighting on several fronts to shield the records from becoming public.In a brief order, the court granted the President's emergency request to block a subpoena from House Democrats to his long-time accounting firm from moving forward. There were no noted dissents.The justices set up an expedited briefing schedule to hear arguments from both sides on whether the court should agree to hear Trump's appeal this term. The President must file his opening brief on or before December 5.The House has said it could move forward with an impeachment vote by the end of December. 749
来源:资阳报