Ted Godbout

A program letter from the heads of the IRS Tax Exempt & Government Entities (TE/GE) division provides an update on the compliance, data, process and casework strategies the division plans to focus on in the coming year. Not surprisingly, implementing the Tax Cuts and Jobs Act (TCJA) will... READ MORE

With the House of Representatives poised to take up the second round of tax reform, a couple of changes have been made to the retirement section of the legislation.On Sept. 25, House Ways and Means Committee Chairman Kevin Brady (R-TX) offered a “manager’s amendment” to the Family Savings Act (H.R... READ MORE

More 401(k) plan participants held equities at year-end 2016 than before the financial crisis, but participants continue to shy away from investing in their own companies’ stock, preferring more diversified investments, new data shows.According to the Employee Benefit Research Institute (EBRI) and... READ MORE

Recent survey results reveal that a majority of workers believe that financial wellness programs could help increase their productivity.According to a new report by the Employee Benefit Research Institute (EBRI), “Perceived Helpfulness of Financial Well-being Programs: Results from the 2017 and... READ MORE

A component of President Trump’s retirement security Executive Order is to review the required minimum distribution (RMD) rules to see if they may be forcing Americans to make unnecessary withdrawals, leaving them with insufficient savings later in life. In particular, the order directs the... READ MORE

As consideration of Tax Reform 2.0 begins in the U.S. House of Representatives, the congressional Joint Tax Committee (JTC) has released revenue tables with estimates about the impact of the provisions on tax revenues. The Family Savings Act — one of three bills under consideration — draws... READ MORE

House Ways and Means Committee Chairman Kevin Brady (R-TX) has released the details of his tax reform 2.0 legislation, and it includes significant retirement savings changes, including multiple employer plans (MEPs). On Sept. 10, Brady unveiled three bills that seek to build on the Tax Cuts and... READ MORE

Americans continued to save for retirement through their DC plans, with most maintaining their assets allocations even as stock values edged down during the early part of the year. In the first quarter of 2018, 5.1% of DC plan participants changed the asset allocation of their account balances,... READ MORE

When ranking their interest in retirement education, employee plan participants are most interested in financial wellness and better understanding retirement planning resources available to them, new survey results reveal.Of the more than 9,200 participants who took part in CUNA Mutual Retirement... READ MORE