Ted Godbout

In response to the Department of Labor’s proposed rule addressing fiduciary duties concerning proxy voting, the Plan Sponsor Council of America says that its “primary concern” is that it is “not needed.” “Existing guidance regarding fiduciaries’ duties relating to securities held in portfolios of... READ MORE

If there’s one silver lining to the COVID-19 pandemic, it might permanently change how much Americans spend and save for retirement.   Before the pandemic, the economy was in an historically long expansion and Americans were spending more and saving less with little consequence. However, the... READ MORE

In what seems like two steps forward, one step back, the U.S. rose two spots to No. 16 among developed nations for retiree wellbeing in the 2020 Global Retirement Index (GRI).  Now in its eighth year, the GRI, which is compiled by Natixis Investment Managers, shows that the U.S. moved up two spots... READ MORE

While the percentage of participants taking advantage of CARES Act distributions and expanded loan options is low, doing so may undo years of retirement savings, according to a new study. Though the coronavirus pandemic has yet to run its full course, there are both encouraging and disconcerting... READ MORE

When asked how many years they believe their retirement savings will last in retirement, a significant percentage of 401(k) plan participants indicate they have no idea, according to the results of a new survey.  Results from Schwab Retirement Plan Services’ 2020 401(k) Participant Survey of 1,000... READ MORE

Democratic Governor Phil Murphy and the Democratic-controlled legislature are set to approve a $32 billion budget for fiscal year 2021 before the Sept. 30 deadline that will increase taxes on high-income individuals and reinstate a 2.5% corporate surtax to help address the state’s widening budget... READ MORE

For a majority of Americans, they apparently would prioritize saving for retirement, according to the results of a new consumer survey.  In fact, Voya Financial’s survey of more than 1,000 U.S. adults finds that more than half (55%) of individuals said they would prefer to save enough to last... READ MORE

Given the far-reaching health, economic and workplace changes that have occurred so far during 2020, defined contribution plan participants have been remarkably disciplined. Recent studies have shown that despite these challenges—and amid market volatility—participants have been steadfast.... READ MORE

The Labor Day break didn’t appear to ease any tensions in the back and forth between Republicans and Democrats on a follow-up COVID-19 stimulus bill, with the parties appearing to not be any closer to reaching an agreement.    Senate Majority Leader Mitch McConnell (R-KY) announced Sept. 8 that... READ MORE