Ted Godbout

Fidelity Investments is out with its latest Retirement Savings Assessment showing a decline in retirement readiness, as Americans continue to navigate ongoing market volatility and disruption.  The firm projects that the median “Retirement Score” has moved back into the yellow zone at 78 — a five-... READ MORE

A group of Senate Democrats has asked Congress’ watchdog agency to examine the impact of the pay gap between men and women on the ability of women to save for retirement.  Released in conjunction with Equal Pay Day, the March 14 letter from Senate Special Committee on Aging Chairman Robert Casey,... READ MORE

While self-directed 401(k) investor balances increased in the fourth quarter, year-over-year returns remained negative  — consistent with the market overall, according to Charles Schwab’s SDBA Indicators Report.  The report, which tracks retirement plan participant investment activity within self... READ MORE

After many years of saving in a defined contribution (DC) plan, what does a retirement-age participant typically do with the money they’ve accumulated? New research by Vanguard breaks it down. As an issue that has increasingly piqued the interest of policymakers, plan sponsors and recordkeepers,... READ MORE

A bipartisan group of Senators is spearheading an effort to draw attention to Social Security’s shortfalls and to help retirees better determine when to claim benefits. Comprised of Sens. Bill Cassidy (R-LA), Chris Coons (D-DE), Susan Collins (R-ME) and Tim Kaine (D-VA), the lawmakers on March 6... READ MORE

One day after the Republican-led House of Representatives approved a resolution to block the Labor Department’s so-called environmental, social and governance (ESG) rule, the Senate followed suit. Joining all Republican senators in supporting the resolution (H.J. Res. 30) were Democrats Joe... READ MORE

The White House has announced that Julie Su will be nominated to serve as Secretary of Labor, replacing Marty Walsh who recently announced his intention to step down to take a position with the NHL Players Association. Su has been serving as Deputy Labor Secretary — the No. 2 post at the... READ MORE

Total costs for 401(k)s, once again, declined for both small and large retirement plans, with investment fees leading the decline — though smaller plans are still paying slightly more.    This is according to the 23rd edition of the 401k Averages Book, which reveals that total investment costs... READ MORE

A new consortium called the Portability Services Network (PSN) that helps employees who change employers automatically move their workplace retirement savings to their new retirement plan has gained another partner.   Colorado-based Empower will join forces with the Retirement Clearinghouse (RCH... READ MORE