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Ted Godbout
By Ted Godbout | 6/1/2022
While most small employers believe that offering a retirement plan is important for hiring and employee retention, roughly half of small employers don’t offer one. Why?
In Why Do Some Small Businesses Offer Retirement Plans?, the Center for Retirement Research at Boston College looks at the...
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By Ted Godbout | 6/1/2022
One of the biggest decisions upon retirement is deciding when to claim Social Security, yet a surprising number of near-retirees still lack even basic knowledge about how the program works.
According to MassMutual’s latest Social Security retirement benefits quiz of near-retirees (age 55 to 65),...
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By Ted Godbout | 5/31/2022
A new survey finds that concerns about greenwashing continue to increase, but apparently that has not deterred the overall appeal of impact investing.
Half or more of respondents in the U.S. (50%), UK (58%), Germany (50%) and Australia (51%) believe greenwashing has increased, according to...
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By Ted Godbout | 5/27/2022
In an opening bid by the Senate, the chair and ranking Republican of the Senate Health, Education, Labor and Pensions Committee have released a discussion draft of legislation that builds off the House-passed SECURE Act 2.0 legislation.
Sens. Patty Murray (D-WA) and Richard Burr (R-NC) on May 26...
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By Ted Godbout | 5/27/2022
More choices, better plan design and better outcomes are among the many reasons why plan sponsors see the value in having an advisor oversee their workplace retirement plan.
In fact, plan sponsors cite peace of mind as a leading benefit when it comes to having plan advisors drive employee...
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By Ted Godbout | 5/27/2022
The American Retirement Association is urging the IRS to make several modifications to the proposed regulations addressing the exception to the unified pln rule for multiple employer plans (MEPs).
Enacted in December 2019, the SECURE Act added Section 413(e) to the Internal Revenue Code,...
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By Ted Godbout | 5/26/2022
Saying that it is seeking “consistent, comparable and reliable information,” the SEC is taking aim at the way investment advisers and registered investment companies describe and disclose their ESG investment practices, as well as how they name certain funds.
On May 25, the Commission voted to...
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By Ted Godbout | 5/25/2022
New research finds that independent financial advisors and consumers are aligned on the need for specialized services, especially those focused on retirement income planning.
According to consumers, it’s the most popular service they seek from a financial advisor. And 71.2% of independent...
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By Ted Godbout | 5/24/2022
New survey results find a wide disconnect between what Americans believe they will need to save to live comfortably in retirement versus what they have actually saved.
According to Schroders’ 2022 U.S. Retirement Survey, working Americans age 45 and older say on average it will take $1,100,000 in...
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By Ted Godbout | 5/23/2022
Personalized solutions reportedly are becoming more attractive for plan sponsors who are encouraging those saving for retirement to remain with their 401(k) provider after they leave the workforce.
That’s according to PIMCO’s 16th Annual Defined Contribution Consulting Study, which surveyed 36...
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By Ted Godbout | 5/20/2022
While inflation is impacting short-term spending and savings decisions, Americans report that their retirement strategies remain largely intact, mainly with the help of workplace retirement plans.
Nearly two-thirds of adults (65%) report that as a result of inflation, they are cutting back on...
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By Ted Godbout | 5/19/2022
The American Retirement Association is strongly opposed to legislation moving through Congress that would prohibit arbitration of claims and discretionary clauses in all ERISA covered retirement plans.
“On behalf of the over 30,000 members of the American Retirement Association (ARA), we hereby...
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By Ted Godbout | 5/19/2022
Americans increasingly are saying that their personal values and supporting causes they care most about are top considerations when it comes to their financial decisions and investing.
According to Schwab’s 6th annual Modern Wealth Survey—which examines how Americans think about saving,...
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By Ted Godbout | 5/19/2022
Despite balances decreasing slightly, there was some good news contained in Fidelity’s first quarter 2022 analysis of participant accounts maintained by the firm.
The firm’s analysis of more than 35 million IRA, 401(k) and 403(b) retirement accounts found that while average account balances...
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By Ted Godbout | 5/18/2022
A new study suggests that employers can do more to create wellbeing and benefits programs that foster a more inclusive culture and that meet the unique needs of their workforce.
According to Alight’s survey of more than 2,000 U.S. workers, 34% of full-time workers do not have retirement or health...
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By Ted Godbout | 5/17/2022
In the wake of the SEC announcing a $6 billion securities fraud deal against Allianz Global Investors U.S. LLC (AGI U.S.), the firm off-loaded most of its U.S. investment management business as part of the terms of the deal.
The SEC announced May 17 that it had charged AGI U.S. and three former...
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By Ted Godbout | 5/16/2022
It’s not just longevity that’s changing people’s retirement journey, but also a growing awareness of their potential longer life is changing Americans’ expectations, attitudes and preparations.
In fact, despite worries about health care and long-term care costs in retirement, a new study finds...
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By Ted Godbout | 5/16/2022
Two Senate bills have been introduced and a bicameral working group formed that seek to ease the administrative burdens for small businesses, as well as expand access to those without an employer-sponsored retirement savings plan.
Sens. John Hickenlooper (D-CO) and Susan Collins (R-ME), who both...
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By Ted Godbout | 5/16/2022
Fidelity Investments has estimated the total amount a 65-year-old couple retiring this year can expect to spend on health care and medical expenses in retirement—and as you might expect, the number has gone up again.
In fact, the firm’s 21st annual Retiree Health Care Cost Estimate shows that a...
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By Ted Godbout | 5/13/2022
While the final Social Security cost of living adjustment won’t be known for several months, the latest Consumer Price Index data suggests that next year’s COLA is approaching double digits.
According to an update by The Senior Citizens League (TSCL) based on the April CPI data released May 11,...
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