As of today, brokers offering advice on retirement savings accounts are required to put clients' interests first.
Department of Labor says they will not enforce this fiduciary rule until 1/1/2018 though, when the requirements about disclosures and new contracts are set to take effect, and it could be amended in the future. So I guess still check if the person giving you financial advice is a fiduciary before taking what they say for granted.
Submitted June 09, 2017 at 02:14PM by Shaolang http://ift.tt/2t3sQma
