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Ted Godbout

As promised, the Republican-led House of Representatives moved forward with a congressional disapproval resolution against the Department of Labor’s recently finalized environmental, social and governance (ESG) rule. On a near party-line vote of 216-204, the House approved H.J. Res. 30 introduced... READ MORE
A new consortium called the Portability Services Network (PSN) that helps employees who change employers automatically move their workplace retirement savings to their new retirement plan has gained another partner.   Colorado-based Empower will join forces with the Retirement Clearinghouse (RCH... READ MORE
Enactment of the SECURE 2.0 Act, ongoing industry innovations, and the aim to provide greater personalization are among the many opportunities that plan sponsors have to align DC plan features, practices and investments with participant needs. Indeed, the need for greater personalization of the... READ MORE
In the face of prolonged economic uncertainty and volatility, many investors are rethinking what life after retirement may look like and are adjusting their priorities accordingly.  According to Nationwide Retirement Institute’s eighth annual Advisor Authority, nearly 7 in 10 (69%) non-retired... READ MORE
Many financial advisors are skeptical about serving young investors because they don't think they can afford advice or be served profitably in the short term, but new research suggests that — contrary to stereotypes — young investors can be attractive clients for wealth management firms. In fact,... READ MORE
Asked about their views on defined contribution plans, an overwhelming majority of respondents in a new survey say they value the investment opportunity 401(k) plans provide and are opposed to changing the tax preferences or investment control in those accounts.  In fact, nearly 9 in 10... READ MORE
A new report reveals that individual retirement account (IRA) assets reached nearly $14 trillion in 2021, thanks in large part to rollovers from defined contribution (DC) plans. According to The Cerulli Report — U.S. Retirement Markets 2022: The Role of Workplace Retirement Plans in the War for... READ MORE
In MarketBeat, Ted Godbout discusses a new report that says that market volatility, increasing compliance pressures and a competitive landscape for wealth management professionals continue to challenge independent broker-dealers (IBDs) and registered investment advisors (RIAs), requiring them to... READ MORE
The findings of a new survey suggest that plan sponsors and professionals should be proactive in providing education and advice, as most near-retirees indicate they are looking for help to maximize retirement benefits while minimizing taxes.  According to Allspring Global Investments’ 20th annual... READ MORE
While the long-term economic impact of the pandemic remains unclear, one thing that is clear is the highest inflation in decades has forced many Americans to reevaluate their retirement saving habits. This is according to a new survey from U.S. News & World Report’s 360 Reviews revealing that... READ MORE
To address the ongoing retirement savings gap, all but three states have initiated or passed legislation to set up a state-sponsored retirement savings plan (SSRP), and while early implementation efforts so far have been successful, a new report suggests there’s room for improvement.  Indeed,... READ MORE
In a changing of the guard, Rep. Jason Smith (R-MO) has been selected by the House Republican leadership to take over as chairman of the powerful House Ways and Means Committee, but what does that mean for retirement policy? Overall, Rep. Smith appears to be somewhat of a blank slate in this area... READ MORE
The pandemic years apparently ushered in a workforce cultural shift among younger workers who have set their sights on working hard now in order to retire at an earlier age.   In a study of 3,000 working Americans, experience management firm Qualtrics found that more than a third (35%) of workers... READ MORE
For many years now, Congress has tried to make it easier for small businesses to offer a retirement plan, but there still has been little movement in closing the coverage gap.   With enactment of the SECURE 2.0 Act and one of its main goals to help make it easier for small businesses to offer a... READ MORE
The outlook for RIA M&A activity apparently has shifted dramatically from a year ago, according to a new report. DeVoe & Company’s fifth annual M&A Outlook Report finds that expectations for M&A activity and valuations are the lowest in the survey’s history, as economic and... READ MORE
Capping off months of anticipation and hard work, the SECURE 2.0 Act of 2022 is now law, since the President signed the legislation Dec. 29 after it was flown down to him while on vacation in St. Croix, U.S. Virgin Islands.  The final SECURE 2.0 legislation[1] was included in Division T of the... READ MORE
Confident about their careers and in their ability to achieve financial security, the nation’s youngest adults have a goal of retiring before they reach age 60, but that confidence comes with a few caveats, according to a new study.   Data from Northwestern Mutual's 2022 Planning & Progress... READ MORE
While Americans worried most about the impact of the COVID-19 pandemic earlier this year, they now see rising inflation as the biggest risk to their retirement plans.  According to Allianz Life’s annual New Year’s Resolutions Study, nearly half (48%) of respondents identified the pandemic as the... READ MORE
As the country withstands uncertain times, Americans are feeling less-than-optimistic when it comes to the year ahead and many plan to focus more on short-term needs, rather than long-term goals, according to a new study by Fidelity Investments.  The firm’s 14th Annual New Year’s Financial... READ MORE
The Treasury Department and Internal Revenue Service have announced that brokers will not be required to report additional information with respect to dispositions of digital assets until final regulations are issued. According to IRS Announcement 2023-2, brokers are still required to comply with... READ MORE