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Ted Godbout

By Ted Godbout | 5/17/2019
Changes that don’t have anything to do with retirement might undermine bipartisan support for retirement security legislation. House Majority Leader Steny Hoyer (D-MD) late last month had announced that the House planned to take up the Setting Every Community Up for Retirement Enhancement (SECURE... READ MORE
By Ted Godbout | 5/17/2019
Demand for environmental, social and governance (ESG) strategies is strong among investors and research supports the case for integrating ESG factors into the defined contribution investment decision-making process, yet the industry still appears hesitant, according to two new reports.  In “... READ MORE
By Ted Godbout | 5/16/2019
Bipartisan legislation to create a new federal commission that would study and recommend ways to improve Americans’ retirement security has been reintroduced in the Senate. The Federal Retirement Commission Act, reintroduced May 14 by Sens. Todd Young (R-IN) and Cory Booker (D-NJ), would charge... READ MORE
By Ted Godbout | 5/15/2019
Members of the Senate Finance Committee expressed hope May 14 that Congress would move quickly to approve the long-pending Retirement Enhancement and Savings Act (RESA) before moving to the next round of broader retirement savings reforms.  “I’m hoping that the House will send its version of RESA... READ MORE
By Ted Godbout | 5/15/2019
The pressure to spend because of social media envy and the desire to not be left out of friends’ experiences apparently is leading to some bad financial habits, according to new survey results.  Schwab’s 2019 Modern Wealth Survey finds that more than one-third of Americans admit their spending... READ MORE
By Ted Godbout | 5/14/2019
A key member of Congress has reintroduced legislation that would permit 401(k), 403(b), SIMPLE and governmental 457(b) retirement plans to make matching contributions to workers as if their student loan payments were salary reduction contributions. Sen. Ron Wyden (D-OR), Ranking Member of the... READ MORE
By Ted Godbout | 5/14/2019
Picking up where they left off in the last Congress, the bipartisan duo of Sens. Rob Portman (R-OH) and Ben Cardin (D-MD) reintroduced their comprehensive “Retirement Security and Savings Act” on May 13.  The 132-page bill includes more than 50 provisions designed to strengthen Americans’... READ MORE
By Ted Godbout | 5/13/2019
Amid rising demand for low-fee options, target date providers are responding by offering inexpensive options like collective investment trusts or launching new lower-cost series that rely on passive funds. And even though assets in target-date mutual funds shrank in 2018 for the first time since... READ MORE
By Ted Godbout | 5/10/2019
Despite a rocky end to 2018 and predictions of an impending recession, those who stayed the course with their 401(k) were rewarded with a generous first quarter rebound and even more impressive 10-year totals on the anniversary of the stock market low. Buoyed by positive stock market performance... READ MORE
By Ted Godbout | 5/9/2019
UPDATED: May 15, 2019 Many pre-retirees still don’t understand how Social Security works and significantly overestimate how much they will receive, suggesting a need for financial advisors to discuss optimizing benefits with their clients. In fact, future retirees expect to receive $1,805 a month... READ MORE
By Ted Godbout | 5/8/2019
The Labor Department and Securities and Exchange Commission aren’t the only ones contemplating a new fiduciary standard. Now the Office of the Comptroller of the Currency (OCC) is considering whether it should update the regulatory definition of “fiduciary capacity” to make it more consistent with... READ MORE
By Ted Godbout | 5/8/2019
Employees who used their financial wellness program on a regular basis improved in all areas of financial planning, with the greatest level of improvement in retirement preparedness, according to a new, multi-year study.  Financial Finesse’s 2018 Financial Wellness Year in Review highlighting the... READ MORE
By Ted Godbout | 5/8/2019
The key Senate committee with jurisdiction over retirement tax policy issues is turning its attention to reviewing proposals that encourage and facilitate retirement savings.  Sen. Charles Grassley (R-IA), Chairman of the Senate Finance Committee, has announced that the Committee will hold a... READ MORE
By Ted Godbout | 5/7/2019
With billions of dollars continuing to leave the retirement system early every year, a new report looks at factors that lead individuals to take early withdrawals, as well as policies that may help reduce the incidence.  In “Additional Data and Analysis Could Provide Insight into Early Withdrawals... READ MORE
By Ted Godbout | 5/6/2019
Open MEPs are most likely to succeed if they offer a variety of plan and fund options along with lower costs than small businesses are paying now, according to a recent study.    With Congress considering proposals to expand multiple employer plans to give small business owners more options to... READ MORE
By Ted Godbout | 5/6/2019
A new whitepaper argues that qualified default investment alternatives (QDIAs) need to evolve to provide a best-in-class solution to better prepare participants for retirement.  In Willis Towers Watson's “QDIA evolutions – Moving defined contribution plans into the future,” author Jason Shapiro... READ MORE
By Ted Godbout | 5/3/2019
It was a blockbuster first quarter for M&A dealmaking in the wealth management arena, but RIA breakaways apparently saw an abrupt fall as advisors stayed put, an industry report reveals.   The first quarter 2019 edition of Echelon’s RIA M&A Deal Report notes that the 49 deals occurring... READ MORE
By Ted Godbout | 5/2/2019
Under questioning at a May 1 hearing on Capitol Hill, Secretary of Labor Alexander Acosta appeared to confirm that the Department of Labor will issue a new fiduciary rule.  Acosta appeared before the House Education and Labor Committee for a hearing to examine the policies and priorities of the... READ MORE
By Ted Godbout | 5/2/2019
After several years of record-breaking plan and participant outcomes, 2018’s market turbulence appears to have contributed to an increase in troubling participant behavior.  T. Rowe Price’s “Reference Point” reveals that 401(k) pretax deferral rates continued to rise in 2018, increasing to 8.6% on... READ MORE
By Ted Godbout | 5/1/2019
Investors paid less to own funds in 2018 than ever before, according to Morningstar’s annual fee study of the cost trends of U.S. open-end mutual funds and exchange-traded funds. The study found that across U.S. funds, the asset-weighted expense ratio dropped to 0.48% in 2018, compared to 0.51% in... READ MORE

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