Fiduciary Rules and Your Retirement

New Fiduciary Rules and the Future of Investment Advice.

New Fiduciary Rules and the Future of Investment Advice.

On this program I discuss the ramifications of the proposed fiduciary rules from the SEC. After years of work and lots of comments from interested parties, the SEC is preparing to issue its final rules on the new definition of fiduciary. The new regulations are considered the most sweeping changes regarding fiduciary in decades. Ultimately, the rules may reshape the investment and brokerage industries for decades to come. At stake is the current state of affairs on Wall Street and main street between financial salespeople and their clients.

Proponents of the new regulations hail them as a big step in the right direction, while opponents say it will cost consumers more money. Of course, no one knows for sure until the final regulations are out. However, in my humble opinion, brokerage firms and insurance companies are spending millions on lobbying not in the best interest of their clients, but in the best interest of their own bottom line. I would not expect anything less from for profit companies who have resisted being fiduciaries for decades.

Segment 1 – The new fiduciary rules

Segment 2 – How investment advice might change

Segment 3 – The accidental retirement plan (the 401(k))

Segment 4  – Fee Transparency and 401(k) plan access

Hope you enjoy the program

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