After years of debate, the U.S. Department of Labor issued a new rule on Wednesday that requires financial advisers who handle retirement accounts to act as “fiduciaries,” which means putting the best interests of their clients first.
The ruling is complex, but the following are some answers to some of the most basic questions on retirement savings, fees and the kind of advice you should expect in the future.
- If I do not have a financial adviser, am I affected at all?
The new rule focuses on retirement savings. As a result, it will impact Continue reading