ETF Trends
ETF Trends

By Kathleen McBride via

This is very meaningful for retirement investors. The DOL Fiduciary Rule’s Impartial Conduct and Best Interest Advice standards WILL BE IN EFFECT STARTING JUNE 9, 2017.

For Investors, this means:

1) Best Interest Advice for you

2) Reasonable costs for advice and investments

3) No misleading the investor

If someone advising you breaks these rules, you have recourse.

Over the long term this should mean you end up with more money in your retirement nest egg. 

This includes:

1)  Advice on your 401(k) investments – if an advisor suggests or recommends what you should buy in your 401(k) account – and is compensated for that advice.

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