Biden's New Financial Advisor Rule to Curb Biased Retirement Advice
The new retirement rule could positively impact five million savers and boost retirement accounts by between 0.2%-1.2% annually and up to 20% over a lifetime.
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The new retirement rule could positively impact five million savers and boost retirement accounts by between 0.2%-1.2% annually and up to 20% over a lifetime.
Jill On Money: Progress on fiduciary. You should be clear about whether the person giving you financial advice is putting your best interest first
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The Labor Department on Tuesday finalized a rule that aims to crack down on retirement advice given by financial advisers, brokers and insurance agents.
The Department of Labor’s new fiduciary rule clarifies how retirement plan advice, one-time rollovers and annuity recommendations are viewed under ERISA.