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Ted Godbout

By Ted Godbout | 1/4/2022
Despite concerns about inflation and rising costs, many Americans are optimistic they will be in a better financial position in 2022, and are making new saving and spending resolutions.  According to Fidelity Investments’ 13th annual New Year’s Financial Resolutions Study, more than 6 in 10 (62%)... READ MORE
By Ted Godbout | 1/3/2022
Amid the financial challenges of the pandemic and the Great Resignation, a new survey finds that employees are demanding more support from employers than ever. The survey from Betterment’s 401(k) business found that, above in-office perks and vacation time, financial benefits are now a top... READ MORE
By Ted Godbout | 1/3/2022
Noting that this year’s theme is a “tug of war between earnings tailwinds and valuation headwinds,” Bob Doll observes that 2022 is shaping up to be a more challenging year for investors.  As he has for more than 30 years, Doll, the Chief Investment Officer at faith-based investment firm Crossmark... READ MORE
By Ted Godbout | 12/29/2021
Amid rising student loan debt and a changing retirement landscape, today’s early- and mid-career employees’ financial picture looks markedly different compared with prior generations, according to a new study by EBRI.   When considering the financial picture of mid-career professionals, EBRI finds... READ MORE
By Ted Godbout | 12/29/2021
Despite a number of challenges, total U.S. retirement assets were down only slightly at the end of the third quarter of 2021, according to new data from the Investment Company Institute. The organization’s quarterly market data release shows that total U.S. retirement assets were $37.4 trillion as... READ MORE
By Ted Godbout | 12/28/2021
Looking ahead to next year, there are a number of evolving issues and threats that defined contribution plan sponsors need to be prepared for, a new white paper suggests.    “As we turn our sights to 2022, the memories of the last two years serve as motivation to focus our efforts on continued... READ MORE
By Ted Godbout | 12/28/2021
SEC Chairman Gary Gensler continues to bring in staff with a stronger enforcement focus, along with a more progressive agenda. The Commission recently announced the appointment of William Birdthistle to serve as Director of the Division of Investment Management. The Division has primary... READ MORE
By Ted Godbout | 12/22/2021
At the start of 2021, Bob Doll predicted that things would improve, but questioned whether markets already know, reflecting a somewhat divided outlook. So how did he do in retrospect?  As he has for more than 30 years, in January Doll offered his annual top 10 predictions on the trends and issues... READ MORE
By Ted Godbout | 12/22/2021
Despite advancing through the Senate committee process in early December, President Biden’s nominee to lead the Employee Benefits Security Administration (EBSA) may be in jeopardy.  The Senate Health, Education, Labor and Pensions (HELP) Committee approved the nomination of Lisa Gomez to serve as... READ MORE
By Ted Godbout | 12/22/2021
A supplemental statement released by the Department of Labor cautions that private equity investments in participant-directed retirement savings plans may not be appropriate in certain cases.  In the Dec. 21 statement from the DOL’s Employee Benefits Security Administration (EBSA), the department... READ MORE
By Ted Godbout | 12/21/2021
While an SEC review of customer relationship summaries (Form CRS) observed good examples of clear disclosures, the agency warns that it also observed areas where compliance improvements are needed.  In its Staff Statement Regarding Form CRS Disclosures released Dec. 17, the SEC observes, among... READ MORE
By Ted Godbout | 12/20/2021
The SEC should establish performance measures for FINRA oversight that reflect leading practices and procedures for tracking, identifying and communicating the significance of examination findings, the GAO suggested in a new report. In assessing the SEC’s use of inspections and examinations to... READ MORE
By Ted Godbout | 12/20/2021
Securities and Exchange Commissioner Elad Roisman has announced that he plans to step down from his post early next year, which will leave the agency short-handed temporarily.   In a Dec. 20 statement, Commissioner Roisman revealed that he sent a letter to President Biden notifying him of his... READ MORE
By Ted Godbout | 12/20/2021
A global survey of more than 4,000 retirement savers finds that most respondents appear confident in their ability to retire at their desired age, but many say they don’t know about certain aspects. According to the latest MFS Global Retirement Survey of retirement savers across the U.S., the... READ MORE
By Ted Godbout | 12/17/2021
Findings from the Society of Actuaries’ latest biennial survey examining the retirement risks by those nearing retirement and those already retired reveals significant differences in how the pandemic affected the two groups.  “The impact of this crisis is complicated because while it caused... READ MORE
By Ted Godbout | 12/17/2021
With cybersecurity threats getting increasingly sophisticated and costly, plan sponsors can no longer afford to wait to address the threats to their retirement plans.   In a Dec. 16 webinar by the Plan Sponsor Council of America, Daniel Aronowitz, Managing Principal with Euclid Fiduciary, and... READ MORE
By Ted Godbout | 12/16/2021
To reduce the likelihood of runs on money market funds during periods of stress, the Securities and Exchange Commission voted 3-2 on Dec. 15 to propose amendments to tighten the liquidity requirements, among other changes to the rules.  The proposed amendments are designed to improve the... READ MORE
By Ted Godbout | 12/15/2021
While the federal government has never defaulted, failure to lift the nation’s debt ceiling—a potential crisis now averted—could have had a significant impact not only financial markets, but a devastating impact on retirement savings. Amid lingering fears that Congress would not act to lift the... READ MORE
By Ted Godbout | 12/15/2021
As 2021 comes to a close, RIA merger and acquisition activity shows no sign of slowing down, achieving yet another milestone.  According to research from DeVoe & Company, RIA M&A activity crossed 200 transactions within a calendar year for the first time ever, with the 200th transaction... READ MORE
By Ted Godbout | 12/14/2021
As lawmakers frantically try to reach an agreement before the end of the year on the $1.7 trillion Build Back Better Act, the chairman of the Senate Finance Committee released a nearly 1,200-page Senate amendment to the House-passed version Dec. 11.    According to Senate Finance Committee... READ MORE

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