Ted Godbout
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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By Ted Godbout 3/3/2022
Key members of the House of Representatives have reintroduced legislation to allow retirement plan sponsors to provide annuities as a default option in their DC plans.
Reps. Donald Norcross (D-NJ) and Tim Walberg (R-MI), who serve together on the House Committee on Education and Labor’s Health...
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By Ted Godbout 3/3/2022
“Pennies” over “percent”? A new study finds that a simple change in information architecture, such as how the savings rate is framed, can lead to a significant boost in savings behavior among lower-income employees.
Conducted in association with the Voya Behavioral Finance Institute for...
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By Ted Godbout 3/1/2022
Despite the Great Resignation, saving for retirement is still very much a priority, as Fidelity’s IRA and DC plan savers set new records in 2021.
Assisted by strong market gains and employers helping to keep workers on track, Fidelity Investments’ 2021 year-end analysis of more than 35 million IRA...
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By Ted Godbout 2/24/2022
Guidance on the SECURE Act, missing participants and student loan payments are among the items listed on the updated 2021-2022 Priority Guidance Plan of the Treasury Department and IRS.
The updated Treasury/IRS plan released Feb. 22 sets forth guidance priorities for the 12-month period from July...
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By Ted Godbout 2/24/2022
Given the various ways in which retirement resources might be taxed, a new survey finds that many retirees may be in for a surprise this year.
Nearly half of all households that receive Social Security benefits might pay taxes this year on a portion of their benefits, according to the survey by...
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By Ted Godbout 2/22/2022
Amid demographic shifts, economic challenges and a global pandemic, a new study finds that many financial planners are underestimating their clients’ financial anxiety.
On average, financial planners thought financial anxiety affected about half (49%) of their clients. However, nearly three-...
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By Ted Godbout 2/18/2022
Key members of the House of Representatives have reintroduced legislation to allow retirement plan sponsors to provide annuities as a default option in their DC plans.
Reps. Donald Norcross (D-NJ) and Tim Walberg (R-MI), who serve together on the House Committee on Education and Labor’s Health...
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By Ted Godbout 2/16/2022
A new survey finds that just 44% of Americans could cover an unplanned $1,000 expense such as a car repair or emergency room bill.
Survey sponsor Bankrate notes that this level is the highest in eight years of its polling and tops the 39%–41% range that had prevailed from 2017 to 2021.
“While...
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By Ted Godbout 2/11/2022
Fund selectors see interest rate hikes, inflation, valuations and volatility as among the growing list of portfolio risks as they look to manage investments and client emotions, a new survey reveals.
According to findings by Natixis Investment Managers, 80% of the investment managers say that...
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By Ted Godbout 2/11/2022
While few target date funds currently include strategies to reduce volatility with the ability to enhance returns, which are principles of stable value, there appears to be significant interest in features that can do both, according to MetLife’s 2022 Stable Value Study.
If a TDF provider could...
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By Ted Godbout 2/9/2022
The nearly $2 trillion broad-based legislative package that includes mega Roth and other retirement-based revenue raisers does not appear to be moving anytime soon, but there is hope for bipartisan retirement legislation.
Speaking to reporters last week, Sen. Joe Manchin (D-WV)—who had been the...
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By Ted Godbout 2/4/2022
Sustainable funds in the U.S. broke nearly every previous record in 2021, according to Morningstar’s annual Sustainable Funds U.S. Landscape report.
According to the firm’s data, sustainable funds attracted nearly $70 billion in net flows in 2021, which was a 35% increase over the previous record...
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By Ted Godbout 2/2/2022
Individuals are thinking more critically about how future events could affect their finances and recognize the need to take action in creating long-term financial security and protecting against financial uncertainty, a new survey finds.
According to AIG Life & Retirement’s “Moving Forward”...
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By Ted Godbout 1/28/2022
Economic confidence among many Americans is dropping in the current inflationary environment, with perceived financial health down from the start of 2021 but a top priority in 2022, a new survey finds.
According to a new annual Wealth & Wellness Index published by Empower Retirement and...
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By Ted Godbout 1/26/2022
In a recent survey, many workers report that their financial wellbeing has improved in the past year—but also say that the pandemic has taken its toll and they want support from their employers.
John Hancock Retirement’s eighth annual survey of its retirement plan participants found that...
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By Ted Godbout 1/26/2022
Even with a long-term view of retirement among savers, the difficulties of the past year were enough to prompt changing outlooks on retirement and a significant shift in employment trends, according to a new survey.
Examining the attitudes and savings of working adults and retirees, Allspring...
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By Ted Godbout 1/26/2022
The ability of DC recordkeepers to build accurate, detailed participant profiles is key to serving clients’ overall financial needs, a new report from Cerulli suggests.
With recordkeepers having access to more participant data than ever before, and leveraging that data, they can help providers...
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By Ted Godbout 1/26/2022
Implementing certain legislative changes and other industry innovations could help significantly reduce the size of retirement deficits and enhance the retirement security of Americans, according to a new issue brief from EBRI.
Using EBRI’s Retirement Security Project Model (RSPM), the Impact of...
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By Ted Godbout 1/19/2022
Against a backdrop of record-setting litigation and workforce management challenges, many retirement plan committees are asking what steps they can take to put participants on a path to creating a fully funded retirement income stream.
To address those challenges and more, a new blog post from...
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