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Ted Godbout
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...
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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...
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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-...
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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...
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By Ted Godbout | 9/26/2023
As if the stress from high inflation and the possibility of an economic downturn wasn’t already enough, add concerns about higher taxes on 401(k) plans and IRAs to the list of worries.
According to Allianz Life’s 2023 Q3 Quarterly Market Perceptions Study, Americans are increasingly worried about...
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By Ted Godbout | 9/25/2023
After enduring one of the worst stock markets in decades, health savings account (HSA) investment assets have grown rapidly, according to Devenir’s 2023 mid-year HSA market survey report.
As part of its 26th semi-annual HSA survey, Devenir reports that, at the mid-point of 2023, $116 billion in...
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By Ted Godbout | 9/25/2023
The Securities and Exchange Commission on Sept. 25 levied a $19 million fine against Deutsche Bank subsidiary DWS Investment Management Americas Inc. (DIMA or DWS) for misstatements regarding its environmental, social and governance (ESG) investment process.
The SEC also charged DWS with another $...
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By Ted Godbout | 9/24/2023
While the gender savings gap apparently has closed in their so-called “personal economies,” new research suggests that women are still showing less confidence than men when it comes to investing and money management.
That was one of the key takeaways from the results of a new survey conducted by...
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By Ted Godbout | 9/22/2023
Congress’ watchdog agency has provided Acting Labor Secretary Julie Su the green light to continue serving in an acting capacity—news that is not likely to please congressional Republicans.
In a memo dated Sept. 21, the Government Accountability Office—responding to a congressional request...
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By Ted Godbout | 9/21/2023
Even though inflation has eased a bit in recent months, that hasn’t stopped American workers from worrying about the impact it will have on the cost on their workplace benefits as open enrollment season approaches.
New findings from Voya Financial’s consumer research survey reveal that, even as...
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By Ted Godbout | 9/20/2023
Labeled as an effort to “enhance and modernize” the Investment Company Act “Names Rule” (35d-1), the Securities and Exchange Commission (SEC) on Sept. 20 voted to amend the rule to prevent what it suggests are the use of deceptive names that are likely to mislead investors.
Noting that it has been...
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By Ted Godbout | 9/19/2023
There’s some good new and some bad news in Goldman Sachs Asset Management’s (GSAM) just-released retirement report, which examines how plan participants are preparing for, transitioning to, and managing their finances in retirement.
On a positive note, more U.S. workers over the last year have...
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By Ted Godbout | 9/19/2023
While the pandemic may have induced a large wave of retirees to leave and later return to the workforce, a new report finds the trend of “working in retirement” is continuing to grow.
According to T. Rowe Price’s recent Retirement Saving & Spending Study, around 20% of retirees are working...
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By Ted Godbout | 9/19/2023
After experiencing a slower pace for the first nine months of 2023, RIA merger and acquisition (M&A) activity apparently regained its footing in the third quarter.
According to an update by DeVoe & Company, the firm expects the third quarter to be the first quarter that is higher than the...
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By Ted Godbout | 9/15/2023
New research by the Employee Benefit Research Institute (EBRI), conducted in partnership with J.P. Morgan Asset Management, reveals that households with spending “spikes” are more likely to increase their credit card debt or take a 401(k)-plan loan.
Leveraging data across 29 million Chase...
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By Ted Godbout | 9/15/2023
While it may come as a surprise to many, a new study finds that even those at the top of the income and wealth scale are among those who worry they might outlive their savings.
According to findings from the high-net-worth section of Northwestern Mutual's 2023 Planning & Progress Study, nearly...
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By Ted Godbout | 9/14/2023
Amid ongoing market volatility, it’s little wonder that plan participants are keeping a close eye on their retirement account balances, and they increasingly are doing so via mobile apps.
As a result, mobile apps have taken center stage as critical tool for retirement investors, according to J.D....
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By Ted Godbout | 9/13/2023
For the first time in 10 years, nearly all developed countries, including the United States, received a higher overall score for retirement security over the previous year, but most Americans apparently aren’t feeling it, as other factors pushed the U.S. down in the rankings.
This is according...
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By Ted Godbout | 9/13/2023
With one month of consumer price data left to go before a final determination, it appears there will be a Social Security cost-of-living adjustment (COLA) for 2024, but it won’t be nearly as high as the massive, inflation-fueled adjustment in 2023.
According to just-released estimates by The...
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By Ted Godbout | 9/12/2023
Benefits play a major role in the employee experience, as most can attest to on a personal and professional level, but new research suggests that it’s simply not enough to make benefits available to employees.
Instead, employers must go out of their way to educate employees about their benefit...
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