Ted Godbout
By Ted Godbout 4/25/2022
Emboldened by starting to save at an earlier age, Millennials apparently have an evolving vision of what it means to retire, with an emphasis on flexibility and lifestyle, according to a new study by Schwab.
Among the key findings in the firm’s new Retirement Reimagined Study is that while...
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By Ted Godbout 4/25/2022
Despite ongoing challenges bought about by the pandemic, 2021 withdrawal and contribution data indicate that essentially all DC plan participants continued to save in their retirement plans at work.
Only 2.2% of DC plan participants stopped contributing in 2021, compared with 2.3% in 2020 and 3.4...
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By Ted Godbout 4/14/2022
When it comes to financial wellness benefits, it’s clear that more than just financial well-being is at stake, as it’s not just employees who are impacted by financial stress, but employers suffer the consequences as well.
In fact, three out of four U.S. workers are facing at least one source of...
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By Ted Godbout 4/13/2022
As the pandemic passes the two-year mark, there seems to be an emerging gap in the financial security of younger Americans compared with their retired counterparts, new survey findings suggest.
Americans who have yet to retire and are still balancing careers, family and saving are feeling more...
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By Ted Godbout 4/7/2022
As small and mid-sized businesses continue to look for ways to attract and retain key employees, a new survey finds they’re putting employee benefits in place.
The Principal Financial Group conducted a “check-in” with more than 1,000 business owners at the beginning of 2022 and found that 84% of...
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By Ted Godbout 4/4/2022
Thanks in part to the growth of collective investment trusts (CITs) and a rebound in investor contributions, total assets in target date strategies grew to a record high in 2021.
CITs apparently are on pace to overtake mutual funds as the most popular target-date vehicle in the coming years,...
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By Ted Godbout 4/4/2022
The House of Representatives’ overwhelming passage last week of the Securing a Strong Retirement Act (H.R. 2954, a.k.a SECURE 2.0) helps set the stage for action by the U.S. Senate later this year, Brian Graff explained at the April 3 opening session of the 2022 NAPA 401(k) Summit in Tampa, FL.
“...
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By Ted Godbout 4/1/2022
The Bay State’s fiduciary rule encountered a major setback when a Massachusetts judge on March 30 invalidated the March 2020 rule that imposed a heightened fiduciary conduct standard on broker dealers and agents.
The March 30 ruling by Suffolk County Superior Court Judge Michael Ricciuti held...
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By Ted Godbout 3/31/2022
March 29 was a busy day on Capitol Hill—in addition to the House of Representatives approving SECURE Act 2.0, the Senate Health, Education, Labor and Pensions (HELP) Committee held a hearing on improving retirement security.
In the hearing, titled Rise and Shine: Improving Retirement and...
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By Ted Godbout 3/31/2022
After waiting for nearly a year, legislation that builds off the original SECURE Act and is supported by the American Retirement Association was approved March 29 by the House of Representatives.
The Securing a Strong Retirement Act of 2022 (H.R. 2954)—a.k.a. SECURE Act 2.0—was approved by a 414-...
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By Ted Godbout 3/29/2022
Just as Americans are hoping to start fresh and put the pandemic in the rearview mirror, concerns about the impact of inflation on retirement savings are now among the top worries.
With the annual inflation rate hitting the highest rate in 40 years, Fidelity Investments’ 2022 State of Retirement...
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By Ted Godbout 3/28/2022
A new analysis by PGIM looks at how participants responded, particularly considering the significant structural changes in the DC space since the last major market shock in 2008.
More specifically, the firm set out to understand both the impact of professionally managed portfolios and in-plan...
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By Ted Godbout 3/19/2022
While many small-to-medium size employers don’t offer financial wellness benefits, the results of a new survey suggest there’s a clear contrast between those with a benefit and those without.
According to Ramsey Solutions’ 2022 SmartDollar Employee Benefits Study, starting to save for retirement...
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By Ted Godbout 3/17/2022
As we approach the second anniversary of the COVID-19 shutdown, a new study by Fidelity Investments finds that consumers have shifted their employee benefit priorities and are adapting their investing habits and attitudes.
According to the study by Fidelity Investments, nearly two-thirds (63%) of...
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By Ted Godbout 3/17/2022
Amid surging consumer prices, a new survey finds that virtually all consumers are concerned about inflation and are adjusting their behavior because of it, including some who may alter their retirement plans.
According to the survey by the Nationwide Retirement Institute, 90% of respondents are...
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By Ted Godbout 3/11/2022
The $1.5 trillion budget bill passed by Congress this week includes budget boosts for the Employee Benefits Security Administration (EBSA) and the IRS—but bipartisan retirement legislation apparently will have to wait for another day.
On March 9, the House of Representatives passed, by a vote...
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By Ted Godbout 3/10/2022
Citing the dramatic growth in markets for digital assets with profound implications for consumers, investors and businesses, an Executive Order has been issued calling for the “responsible development of digital assets.”
The March 9 Executive Order appears to call on nearly every federal agency...
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By Ted Godbout 3/8/2022
NEPC is out with its 2021 Defined Contribution (DC) Plan Trends and Fee Survey, examining current plan investment trends and innovations across major sectors.
While target date funds (TDFs) continue to be the “turnkey solution,” NEPC notes that one of the more prominent developments is that menus...
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By Ted Godbout 3/7/2022
Legislation has been introduced in the U.S. Senate that seeks to ban institutional investors from investing in Russian entities due to the war in Ukraine.
On March 2, Florida Republican Sens. Marco Rubio and Sen. Rick Scott introduced the Instituting Measures to Protect American Investors and...
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By Ted Godbout 3/4/2022
A March 1 House subcommittee hearing to address improving retirement security and access to mental health found itself largely debating the Biden administration’s proposed guidance on ESG factors, as well an array of retirement policy proposals.
The hearing by the House Education and Labor’s...
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