Advertisement
Ted Godbout
By Ted Godbout | 10/19/2023
BlackRock has launched what it describes as the industry’s only suite of target date ETFs created for the roughly 57 million Americans who lack access to a 401(k) or employer-sponsored retirement plan.
According to the announcement, the iShares LifePath Target Date ETFs invest in a broad portfolio...
READ MORE
By Ted Godbout | 10/18/2023
U.S. institutional investors are increasingly looking to private asset opportunities to diversify their portfolios and invest sustainably, according to findings from Schroders’ Institutional Investor Study.
The annual study, which spans 200 North American institutional investors—including 117 in...
READ MORE
By Ted Godbout | 10/17/2023
The Department of Labor (DOL) has denied that it planned to increase investigative efforts targeted at brokerage windows following the release last year of a compliance assistance bulletin implying that investigations would extend to plans that offer cryptocurrency through a brokerage window.
More...
READ MORE
By Ted Godbout | 10/16/2023
The proliferation of certain types of investments that pose emerging risks to investors, such as crypto assets, as well as emerging financial technology, will be among the Securities and Exchange Commission’s (SEC) 2024 exam priorities.
These topics, in addition to core and perennial risk areas,...
READ MORE
By Ted Godbout | 10/12/2023
While it’s not nearly as high as the massive, inflation-fueled adjustment in 2023, Social Security recipients will still receive a modest cost-of-living adjustment (COLA) for 2024.
This morning, the Social Security Administration (SSA) announced that Social Security and Supplemental Security...
READ MORE
By Ted Godbout | 10/12/2023
The nation’s youngest members of the workforce have ambitious goals to retire at an early age, though they also believe they are facing more obstacles to do so than those before them.
In fact, according to Charles Schwab’s annual nationwide survey of 401(k) plan participants, Gen Z workers (21–26...
READ MORE
By Ted Godbout | 10/12/2023
In response to numerous questions posted by House Education and the Workforce Committee members, Acting Labor Secretary Julie Su told the lawmakers that the Labor Department is committed to moving forward on a new rule.
“Our concern consistently has been and continues to be with financial...
READ MORE
By Ted Godbout | 10/11/2023
In what was likely pent-up demand being released, RIA merger and acquisition (M&A) deal volume surged in the third quarter, rising to its highest point in over a year, according to ECHELON Partners’ newly released Deal Report.
There were 86 transactions announced in the wealth management...
READ MORE
By Ted Godbout | 10/11/2023
New research suggests that one of the best actionable steps a person can take toward a secure retirement is creating a formal written financial plan.
Among the benefits of having a plan is that it helps keep retirement savers on track with their retirement goals and leads to greater retirement...
READ MORE
By Ted Godbout | 10/10/2023
PGIM, the wholly owned subsidiary of Prudential Financial, Inc., has announced plans to enhance its suite of target date funds (TDFs) with an aim to better serve shareholders, including helping defined contribution (DC) plan participants achieve successful retirement outcomes.
According to the...
READ MORE
By Ted Godbout | 10/10/2023
Women apparently are tapping into their “financial superpowers” and are making smart money moves to gain ground in several financial areas, although there’s still more work to be done to help them feel better prepared, new research from Fidelity Investments suggests.
According to Fidelity’s...
READ MORE
By Ted Godbout | 10/9/2023
As economic challenges worry workers, day-to-day finances are starting to cause more stress than longer-term financial priorities, like retirement, a new survey finds.
Results from the 2023 Workplace Wellness Survey (WWS) published by the Employee Benefit Research Institute (EBRI) and Greenwald...
READ MORE
By Ted Godbout | 10/5/2023
Legally operated cannabis companies could soon be allowed to sponsor retirement plans under legislation recently approved by the Senate Banking, Housing, and Urban Affairs Committee.
By a vote of 14-9 on Sept. 27, the committee approved the Secure and Fair Enforcement Regulation Banking Act (the...
READ MORE
By Ted Godbout | 10/5/2023
Defined contribution investment-only (DCIO) sales leaders and DC plan advisors report that they are seeing increased demand for collective investment trusts (CITs), even among smaller firms where CITs are less in fashion.
According to Sway Research’s 2024 edition of The State of DCIO Distribution...
READ MORE
By Ted Godbout | 10/4/2023
Improvements in retirement-plan design have put more workers in a better position to meet their retirement goals, yet for Americans who lack access to a plan, the outlook remains challenging.
That was one of the key takeaways from Vanguard’s inaugural Retirement Outlook report, which evaluates...
READ MORE
By Ted Godbout | 10/3/2023
Today’s workers’ expectation of when and how they will retire is a radical departure from how retirees actually retired.
That’s according to Transamerica Center for Retirement Studies’ (TCRS) survey report, Life in Retirement: Pre-Retiree Expectations and Retiree Realities. In comparing the...
READ MORE
By Ted Godbout | 10/2/2023
The answer to that apparently is a resounding yes, as younger investors desire financial advice, but most are priced out of the option they demand most—having a holistic, ongoing relationship with a trusted financial advisor.
A new report from Cerulli Associates suggests, however, that retirement...
READ MORE
By Ted Godbout | 9/29/2023
In a move that would allow more individuals to save more for their health care expenses in retirement, the House Ways and Means Committee on Sept. 28 approved legislation to significantly expand the health savings account (HSA) contribution limits, as well as broaden the number of individuals...
READ MORE
By Ted Godbout | 9/27/2023
Securities and Exchange Commission Chairman Gary Gensler faced a barrage of criticism from members of both parties on the House Financial Services Committee over what some described as the Commission’s “radical agenda” that threatens the integrity of financial markets.
During the nearly five-...
READ MORE
By Ted Godbout | 9/26/2023
Over the last year, the impact of inflation and economic uncertainty has contributed to increased financial stress, leading many employees to focus on short-term financial needs instead of saving for retirement.
That’s one of the key findings from Bank of America’s 13th annual Workplace Benefits...
READ MORE
Pages
Advertisement
Advertisement
Sign up for The Daily
NAPA's 401(k) Rollover Specialist (k)RS Credential
Recent Comments