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Ted Godbout

By Ted Godbout | 7/1/2019
Paying their children’s expenses while caring for their parents, Gen X families are facing a precarious financial situation as they close in on retirement, a new report explains.   The study by the Employee Benefit Research Institute (EBRI), which examines key financial indicators of Gen X... READ MORE
By Ted Godbout | 6/29/2019
Many employees continue to struggle with competing financial priorities, prompting 401(k) providers to create solutions through financial wellness programs, but it will require more than educational content, a new report advises. According to research from Cerulli Associates, educational content... READ MORE
By Ted Godbout | 6/29/2019
While much has been written about the topic, new research suggests that some common thinking about “gig workers” simply doesn’t hold up. Despite the popular perception that most external workers can’t find a steady full-time job, a large majority of respondents (74%) in a new survey from SHRM and... READ MORE
By Ted Godbout | 6/27/2019
Since the end of last year, total U.S. retirement assets were up 7.4%, reaching $29.1 trillion at the end of the first quarter for 2019, according to new data by the Investment Company Institute. Retirement assets accounted for 33% of all household financial assets in the U.S. at the end of March... READ MORE
By Ted Godbout | 6/27/2019
The U.S. House of Representatives approved legislation June 26 that, if enacted, would block the SEC’s newly adopted Regulation Best Interest from taking effect. The Financial Services and General Government Appropriations Act (H.R. 3351) would fund the SEC and a broad range of government agencies... READ MORE
By Ted Godbout | 6/27/2019
Despite progress made over the last several years, women continue to have a savings gap compared to their male counterparts and are feeling less secure financially, two new studies reveal. According to a recent T. Rowe Price survey focused on the financial behavior and attitudes related to gender... READ MORE
By Ted Godbout | 6/27/2019
In what the firm suggests adds to the body of literature that financial and physical health are intertwined, research unveiled by Prudential Financial found that respondents who take advantage of both benefit types are more likely than others to report lower levels of stress, as well as better... READ MORE
By Ted Godbout | 6/26/2019
The economic consequence of different defaults in defined contribution plans is significant, according to a new report by the TIAA Institute. In “The effect of default target date funds on retirement savings allocations,” TIAA finds that participants who joined plans post target date defaults tend... READ MORE
By Ted Godbout | 6/25/2019
A new report reveals that Americans are feeling simultaneously optimistic and overwhelmed by their finances as they become more mindful of their spending and take steps to improve their financial lives. Findings from the spring 2019 Merrill Edge® Report reveal that many Americans are taking... READ MORE
By Ted Godbout | 6/25/2019
While it’s not precisely robbing Peter to pay Paul, a new legislative proposal purports to pay off all student loan debt – with proceeds from a tax that will hit retirement savings. First touted as an effort to limit speculative trading, the so-called financial transaction tax is now being... READ MORE
By Ted Godbout | 6/24/2019
Marking the one-year anniversary of the 5th Circuit Court of Appeals’ Order vacating the Department of Labor’s fiduciary rule, key Democratic members of Congress have asked the Government Accountability Office to examine how the financial services industry has responded since then.   In their... READ MORE
By Ted Godbout | 6/21/2019
A new report warns that with uncertainty on the rise, investors and advisors apparently are recalibrating their financial outlook. Two-thirds of investors (66%) and more than half of RIAs and fee-based advisors (56%) anticipate market volatility will increase over the next 12 months. This is... READ MORE
By Ted Godbout | 6/21/2019
The House Ways & Means Committee has voted to extend a vast array of individual and corporate tax provisions, including special disaster-related rules for use of retirement funds. Disaster Relief Assistance The Committee late June 20 approved the Taxpayer Certainty and Disaster Tax Relief Act... READ MORE
By Ted Godbout | 6/21/2019
Allison H. Lee of Colorado has been confirmed by the U.S. Senate to fill the open Democratic slot for commissioner of the Securities and Exchange Commission. Lee will serve out the remainder of a five-year term expiring June 5, 2022, for the seat that was vacated by former Commissioner Kara Stein... READ MORE
By Ted Godbout | 6/19/2019
Not wasting any time, the Garden State has announced that it will hold a July 17 hearing in connection with its proposed new fiduciary standards. According to an announcement in the New Jersey Register, the Bureau of Securities also simultaneously announced that it is extending the comment period... READ MORE
By Ted Godbout | 6/17/2019
Ever wonder what would happen in a world without defined contribution plans? Or a world in which everyone had one? A new study by the Employee Benefit Research Institute examines what impact these scenarios would have on retirement income adequacy. In recent years, various policy proposals have... READ MORE
By Ted Godbout | 6/17/2019
Consistent with prior input from the American Retirement Association, New Jersey correctly excluded ERISA plan fiduciaries from the application of its proposed new fiduciary standards. In a June 14th comment letter, the ARA – parent organization of the National Association of Plan Advisors –... READ MORE
By Ted Godbout | 6/16/2019
Contending that the SEC’s new Regulation Best Interest falls short, the Massachusetts’ Secretary of the Commonwealth plans to enter the fiduciary rulemaking fray. William Galvin announced June 14 that his Securities Division is seeking preliminary comments on a proposed regulation that would apply... READ MORE
By Ted Godbout | 6/14/2019
Consumers remain impacted by a stigma over annuities, but the appeal of guaranteed lifetime income products climbs sharply when framed as part of a clear retirement income strategy, new research shows.  According to the 5th annual Guaranteed Lifetime Income Study by Greenwald & Associates and... READ MORE
By Ted Godbout | 6/14/2019
A new study suggests that employers that focus on the financial well-being of their workers have a significant opportunity to improve employees’ financial health, while also benefiting their business.   Conducted by the Financial Health Network on behalf of Morgan Stanley at Work, the survey of 1,... READ MORE

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