Ted Godbout
By Ted Godbout 11/21/2019
To overcome behavioral biases and concerns about turning current savings into retirement income, a new paper contends that lifetime income should be part of DC plan default options and target date funds may be part of the solution.
“It may seem like a bold step to embed an income solution into the...
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By Ted Godbout 11/19/2019
Even though 401(k) participants are increasingly leveraging target date funds to keep their asset allocations on track, a new analysis by Fidelity suggests that many had stock allocations higher than those recommended for their age group.
As part of its 3Q 2019 analysis of retirement trends,...
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By Ted Godbout 11/18/2019
Two retirement and economic policy analysts from opposite ends of the policy spectrum have come together to agree that the 401(k) system has not lived up to its capability.
Andrew Biggs, a resident scholar at the American Enterprise Institute and Alicia Munnell, Director of the Center for...
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By Ted Godbout 11/18/2019
To overcome behavioral biases and concerns about turning current savings into retirement income, a new paper contends that lifetime income should be part of DC plan default options and target date funds may be part of the solution.
“It may seem like a bold step to embed an income solution into the...
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By Ted Godbout 11/15/2019
The asset allocation found in IRAs in many cases is drastically inconsistent with the asset allocation found in the 401(k) plans before rolling over to IRAs, according to a new issue brief from EBRI.
As such, the organization warns that despite 401(k) plan sponsors devoting considerable...
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By Ted Godbout 11/15/2019
Even though 401(k) participants are increasingly leveraging target date funds to keep their asset allocations on track, a new analysis by Fidelity suggests that many had stock allocations higher than those recommended for their age group.
As part of its 3Q 2019 analysis of retirement trends,...
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By Ted Godbout 11/12/2019
New survey results by HealthSavings Administrators finds that employers overwhelmingly outpace benefits professionals in viewing HSAs as a retirement planning tool.
The survey of 270 benefits professionals and employers found that 90% of surveyed employers, benefit consultants, benefit brokers...
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By Ted Godbout 11/8/2019
To overcome behavioral biases and concerns about turning current savings into retirement income, a new paper contends that lifetime income should be part of DC plan default options and target date funds may be part of the solution.
“It may seem like a bold step to embed an income solution into the...
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By Ted Godbout 11/8/2019
Most current retirees say they rely primarily on Social Security or a pension to fund their retirement, but a new study finds that younger generations have a different mindset altogether.
More than 8 in 10 (86%) retirees fund their retirement primarily with Social Security or a pension. By...
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By Ted Godbout 11/6/2019
Ninety-one CEOs, presidents and chairpersons representing a broad coalition of corporations, private companies and trade associations have added their names to the growing list calling on the Senate to pass the SECURE Act.
In a Nov. 5 letter to Senate Majority Leader Mitch McConnell (R-KY) and...
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By Ted Godbout 11/6/2019
Amid the push to enact the SECURE Act, new research shows that small business owners strongly believe the legislation will help them offer 401(k) plans that compete with large firms’ plans.
According to a forthcoming study, the Nationwide Retirement Institute found that nearly 60% of small...
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By Ted Godbout 11/4/2019
Presidential aspirant Sen. Elizabeth Warren (D-MA) has revealed how she plans to pay for her Medicare for All plan – including a financial transaction tax that could delay the retirement of millions of American workers.
The tax on the financial sector would, according to Warren, raise “about $800...
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By Ted Godbout 11/1/2019
While open multiple employer plans can be very effective for many small businesses, they may not be for everyone, a new white paper warns.
Proponents of open MEPs hail them as a means of reducing both the burden and cost of sponsoring a retirement plan for smaller employers, but as MassMutual...
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By Ted Godbout 10/28/2019
According to a new white paper, a surprising number of plan sponsor representatives who oversee their companies’ 401(k) plans don’t realize they are fiduciaries under ERISA.
And some believe they can offload all their fiduciary responsibilities for investments to a third party. In fact, J.P....
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By Ted Godbout 10/25/2019
New survey results by HealthSavings Administrators finds that employers overwhelmingly outpace benefits professionals in viewing HSAs as a retirement planning tool.
The survey of 270 benefits professionals and employers found that 90% of surveyed employers, benefit consultants, benefit brokers...
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By Ted Godbout 10/17/2019
Proponents contend that a financial transaction tax would curb volatility and limit speculative trading, but a new study contends that an FTT would fail to meet those objectives.
“The Ramifications of a Financial Transaction Tax” by the Securities Industry and Financial Markets Association (SIFMA...
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By Ted Godbout 10/17/2019
A group of seven Republican senators is urging the Senate Majority Leader to act on one of the most consequential pieces of retirement security legislation in more than a decade.
“We encourage the Senate to take action on the SECURE Act as soon as possible. Doing so would demonstrate to our...
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By Ted Godbout 10/11/2019
Guidance on student loan payments under qualified retirement and section 403(b) plans has been added to the updated Treasury/IRS Priority Guidance Plan released Oct. 8.
While the plan does not specify what the agencies are considering, the guidance – which could be issued in the first half of...
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By Ted Godbout 10/10/2019
Perceptions about younger generations aside, a recent survey finds that a cohort of younger “super savers” is making real sacrifices to save, citing numerous motivations.
The survey by Principal Financial Group digs into the financial habits of Gen X, Gen Y (Millennials) and Gen Z (i.e., born...
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By Ted Godbout 10/7/2019
How are individuals leveraging tax-advantaged retirement accounts? What plan design features are helping to drive positive behaviors? And how much progress have savers made? Those questions and more are addressed in an annual study by Ascensus.
Analyzing data across more than 88,000 retirement...
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