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Ted Godbout
By Ted Godbout | 3/9/2022
For those looking for an official analysis and explanation of the SECURE and CARES acts, the Joint Committee on Taxation has just posted a handy resource.
The “Bluebook” (known formally as the General Explanation of Tax Legislation Enacted in the 116th Congress) provides explanations of more than...
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By Ted Godbout | 3/9/2022
Citing the dramatic growth in markets for digital assets with profound implications for consumers, investors and businesses, President Biden has issued an Executive Order calling for the “responsible development of digital assets.”
The March 9 Executive Order appears to call on nearly every...
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By Ted Godbout | 3/8/2022
While the onset of the pandemic significantly impacted how women viewed their finances, women are taking more proactive approaches to their finances despite a tumultuous two years of stress.
Female investors—defined as women with investable assets of $100,000 or more who are primary or shared...
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By Ted Godbout | 3/8/2022
Following a year that saw the lowest trading in nearly a quarter century, the war in Ukraine and related market volatility has resulted in another busy trading month for 401(k) investors.
As international political events drove Wall Street lower, 401(k) investors reacted with above-normal trading...
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By Ted Godbout | 3/7/2022
A convergence of business models, investor influence and client acquisition challenges are encouraging registered investment advisors to reevaluate their position in the marketplace, a new report from Cerulli suggests.
A confluence of competitive threats—including an industry-wide shift away from...
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By Ted Godbout | 3/7/2022
Large plan sponsors continue to be laser-focused on fees, but they also will be taking a close look at their investment policy statements and conducting formal fiduciary training in the coming year.
These are among the findings in Callan’s 2022 Defined Contribution Trends Survey. Now in its 15th ...
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By Ted Godbout | 3/7/2022
Too few Americans have calculated what it will take to be able to retire at their current lifestyle, J.P. Morgan Asset Management suggests in its annual Guide to Retirement.
In its 10th edition of the guide, the firm suggests that retirement checkpoint calculations can help investors to gauge...
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By Ted Godbout | 3/4/2022
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 | 3/3/2022
The inaugural report from Morningstar’s new retirement research center explores DC plan trends, fees, investment strategies and the continued role of DB plans.
One noteworthy area is the broad divergence of plan costs, the 43-page Retirement Plan Landscape Report says. Even though investors pay...
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By Ted Godbout | 3/3/2022
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 | 3/2/2022
Plan participants in Schwab’s self-directed brokerage accounts (SDBAs) who remained resilient throughout 2021 saw their balances end the year on a strong note.
According to Charles Schwab’s SDBA Indicators Report, the average account balance across all participant accounts finished 2021 at $352,...
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By Ted Godbout | 3/1/2022
To mark the start of Women’s History Month, Fidelity has released a new study revealing certain saving and investing behaviors that stand out among younger women who are making strides in breaking down financial boundaries.
According to the firm’s 2022 Money Moves Study, women currently ages 18-...
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By Ted Godbout | 2/28/2022
For plan sponsors wondering what they can do to help diverse workers increase their retirement savings, a new paper outlines plan features and strategies that can help bolster savings for underserved workers.
In Improving Retirement Readiness for Underrepresented Groups, Alight explains that...
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By Ted Godbout | 2/28/2022
Despite expectations that third-party model portfolios will dominate strategies and play a significant role in decision making for advisors, a recent survey finds that few new advisors have actually adopted such tools over the past year.
Instead, growth is coming almost entirely from a select...
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By Ted Godbout | 2/25/2022
The impact of 401(k) loan defaults on retirement savings can be significant, but new research by EBRI shows that automatically enrolling participants in a 401(k)-loan insurance program can help reduce defaults and improve outcomes.
While Department of Labor data, overall, indicates that loan...
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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
“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 | 2/23/2022
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 | 2/23/2022
A growing proportion of retirees are depleting their DC plan lump-sum payments at faster rates than previously seen and may be regretting that decision to withdraw all their money, a new study finds.
On average, one in three retirees (34%) who took a lump sum from their DC plan depleted it within...
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By Ted Godbout | 2/22/2022
While DB plans have benefited from alternative investments for years, a new paper suggests that DC plan fiduciaries may want to consider such investments as part of a multi-asset portfolio.
In Alternative Investments in Defined Contribution Plans, the Defined Contribution Institutional...
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